Property Overview: 164 Park West Drive
Key Features & Ideal Buyer
This two-storey home in Bridgwater Centre is a modern, low-maintenance property built in 2016. Its primary appeal lies in its balance of contemporary construction and established community living. With 1,730 sqft of living space, an attached garage, and a good-sized 3,223 sqft lot, it offers practical family living without the upkeep of an older home.
The home’s strength is its solid positioning within a desirable newer neighbourhood. Data shows it ranks highly for lot size, living area, and recent sale price compared to most homes on its street, in Bridgwater Centre, and across Winnipeg. This suggests it’s a competitively sized property in a sought-after area. The significant appreciation from its 2016 sale price to its 2024 sale of $500k further indicates the area's growth and the property's retained value.
It would suit a young family, a professional couple, or a downsizer seeking a modern home in a planned community. The buyer is likely someone who values neighbourhood amenities, newer infrastructure, and a home that doesn’t require immediate renovations. The unrenovated basement presents a blank canvas for future customization, appealing to those who want to add personal value over time.
Frequently Asked Questions
Q: How does this home truly compare to others in Bridgwater Centre?
A: The data indicates it performs very well in key metrics. It ranks in the top 18% of the neighbourhood for lot size and the top 7% for both living area and its most recent sale price, meaning it's a larger and higher-valued home within this popular community.
Q: The assessed value is much lower than the recent sale price. Why?
A: Municipal assessed value for taxation purposes often lags behind current market values, especially in appreciating neighbourhoods. The 2024 sale price of $500k is the best indicator of its current market worth.
Q: What does the "unrenovated basement" imply?
A: It means the basement is finished as living space but may have basic or builder-grade finishes. It’s a functional area that doesn’t require immediate work but offers the opportunity to upgrade and personalize it to your taste in the future.
Q: The home sold recently in 2024. What should I consider?
A: A very recent sale suggests the property is likely in move-in condition and that the current market has firmly established its value. It’s worthwhile to inquire about the seller’s reason for moving so soon after purchase to understand the full context.
Q: Are the nearby comparison properties truly similar?
A: The listed properties with similar assessed values are from various neighbourhoods, highlighting that value alone doesn’t define comparability. The more relevant comparisons are the direct neighbours on Park West Drive, which show consistent lot sizes and ages, confirming this is a standard and well-regarded part of the street.