Property Overview: 252 Park West Drive
Key Characteristics & Appeal
This well-situated two-storey home in Bridgwater Centre offers a balanced proposition for modern living. Built in 2014, it features a generous 1,730 sqft of living space and a notable 3,243 sqft lot, placing it in the top 16% of the street for size. Its appeal lies in its established yet relatively new construction within a desirable neighbourhood, coupled with an attached garage and an unfinished basement that presents a clear opportunity for customization and added value.
The home suits two main types of buyers. First, it’s ideal for growing families or professionals seeking a move-in ready home in a top-rated area, where the property’s living area ranks better than 93% of the neighbourhood. Second, it appeals to value-oriented buyers or those who enjoy personalizing their space, as the unrenovated basement is a blank canvas. A thoughtful perspective is its positioning: while newer than 91% of Winnipeg homes overall, it’s older than most in its immediate Bridgwater Centre area. This can represent a sweet spot—the neighbourhood’ amenities and landscaping are more mature, yet the home itself is far from dated.
Frequently Asked Questions
1. How does the lot size compare to newer homes in the area?
The land area of 3,243 sqft is notably larger than many contemporary lots, ranking better than 88% on the same street. This offers more outdoor space than is typical for newer subdivisions.
2. What does the "unfinished basement" condition mean for me?
The basement is complete but not renovated, meaning it’s a clean, dry space with rough-in plumbing and electrical already in place. It’s a significant opportunity to add living space, a rental suite, or storage to your exact specifications.
3. The assessed value seems lower than recent sale prices in the area. Why?
Manitoba’s property assessments are for taxation purposes and don’t always reflect current market value. The home last sold in 2021 for $471k, which is a more relevant indicator of its market worth.
4. Is the home older than others in Bridgwater Centre?
Yes. Built in 2014, it is older than approximately 96% of homes in the Bridgwater Centre neighbourhood, which is a very new community. This isn’t necessarily a drawback, as it often means more established landscaping and settled infrastructure.
5. How stable has the property's value been?
The sale history shows appreciation from $401k in 2018 to $471k in 2021. This track record, within a consistently high-demand neighbourhood, suggests a history of solid value retention.