Property Summary: 240 Park West Drive, Bridgwater Centre
Key Characteristics & Appeal
This well-maintained two-storey home in the popular Bridgwater Centre neighbourhood offers a practical and comfortable living space. Built in 2014, it features 1,730 sqft of living area, an attached garage, and a full (though unrenovated) basement, providing a solid foundation for future customization. The lot size is a notable advantage, ranking in the top 11% on its street.
The home’s primary appeal lies in its strong positioning within a desirable, modern community. It ranks highly compared to its immediate neighbours in terms of lot size, living space, and recent sale price, suggesting it is a competitive property on its block. Recent sale history shows steady value appreciation. It suits first-time buyers or young families looking for a move-in ready home in a newer suburb with room to grow, as well as value-focused buyers who see potential in the unfinished basement for future equity building. A thoughtful perspective is that while the home ranks well locally, its overall assessed value is more modest city-wide, which could represent a relative value opportunity within a sought-after area, especially for buyers prioritizing community over maximum square footage.
Frequently Asked Questions
1. How does this home compare to others in Bridgwater Centre?
The home ranks very well within its specific neighbourhood for lot size (top 9%) and living area (top 7%). It is on a street where it is larger and has sold for a higher price than most nearby homes, indicating it's a above-average offering in this community.
2. What does the sale history indicate about the property's value?
The home sold recently in August 2024 for $49.5k above its 2017 sale price, demonstrating consistent appreciation over seven years in a stable market.
3. Is the basement finished, and what are the possibilities?
The basement is confirmed as "not renovated," meaning it is unfinished. This presents a blank canvas for future development, such as creating a recreation room, home office, or additional bedrooms, subject to permits and budget.
4. How does the assessed value relate to the recent sale price?
The 2024 sale price ($49.50k) is notably higher than the current assessed value ($45.20k). This is common, as assessed values for taxation purposes often lag behind current market values, which are reflected in recent sales.
5. Is the property newer or older than most in Winnipeg?
Built in 2014, this home is newer than approximately 91% of properties in Winnipeg, placing it in the top 9% for age. However, within its own newer neighbourhood of Bridgwater Centre, it is actually among the older homes, ranking in the top 96% (meaning only 4% of homes in the neighbourhood are older).