Property Overview: 325 Park West Drive
Key Characteristics, Appeal & Ideal Buyer
This is a modern, two-storey home built in 2017, situated on a generously sized lot in Winnipeg's Bridgwater Centre neighbourhood. Its key characteristic is a well-balanced profile: it's a newer build on a lot that ranks in the top 9% for size on its street, offering more outdoor space than many contemporary homes. The living area is a comfortable 1,492 sqft, and the home features a renovated basement, adding valuable finished space. Notably, it does not include a garage.
The appeal lies in this balance between modern construction and land size. Buyers get the advantages of a relatively new home (minimizing immediate repair concerns) without the postage-stamp lot typical of many newer subdivisions. The renovated basement immediately expands usable living space. Its strong rankings for lot size and newer age within its immediate area suggest it stands out locally for these practical features.
This property would suit a first-time buyer or a small family looking for a modern, low-maintenance home who values private outdoor space over a garage. It’s also a practical fit for those who may use the renovated basement as a flexible space for a home office, gym, or entertainment area.
Frequently Asked Questions
1. How does the lack of a garage impact the property?
While the home has no garage, the large lot (2,631 sqft) offers ample space for adding a detached garage or shed in the future, subject to local bylaws. For buyers who primarily use street parking or don’t require sheltered vehicle storage, the trade-off results in more yard space.
2. The assessed value is significantly higher than the last sold price in 2019. What does this indicate?
The assessed value of $43.80k is a provincial assessment for tax purposes and is not a market valuation. The increase since 2019 reflects general market trends and improvements (like the basement renovation). A current market price would be determined by recent comparable sales and today's conditions.
3. What do the "top %" rankings mean for this home?
These rankings compare this specific property against all others on the same street, in the neighbourhood, and across Winnipeg for that metric. For example, ranking in the "Top 9%" for land area on its street means its lot is larger than 91% of its immediate neighbours, a notable advantage in a newer community.
4. Is the renovated basement a legal suite?
The description states it is a "renovated basement." There is no mention of a separate kitchen or entrance, so it should be considered finished living space, not a legal rental suite. Buyers should verify the permit status and nature of the renovations with the seller.
5. The home ranks highly for lot size but lower for living area in the neighbourhood. What's the practical effect?
This highlights the property's profile: you are purchasing a proportionally larger piece of land with a moderately sized home on it. The focus is on the balance between indoor and outdoor space, making it ideal for those who prioritize yard size over maximizing square footage under roof.