356 Park West Drive

Property Overview: 356 Park West Drive, Bridgwater Centre

Key Characteristics & Appeal

This two-storey home, built in 2017, presents a well-maintained, modern property in the sought-after Bridgwater Centre neighbourhood. Its key characteristics include a generous 1,726 sqft of living space, an attached garage, and a full (though unrenovated) basement offering potential for future customization. The lot size of 3,281 sqft is notably larger than most on its street, ranking in the top 10%, providing ample outdoor space for a newer community home.

The appeal lies in its balance of contemporary build quality and established community living. It suits buyers looking for a move-in ready home from the last decade without the premium of a brand-new build, and who value above-average private outdoor space. The strong rankings—particularly for lot size and the home's newer age relative to the city—suggest a property that holds inherent value within its immediate context. It would be an excellent fit for young families or professionals seeking a modern layout in a planned community with amenities, and for value-conscious buyers who see the unfinished basement not as a drawback, but as a blank canvas to add personal value over time.

Frequently Asked Questions

1. How does the assessed value compare to the last sale price?
The property was last sold in July 2021 for $40.50k and currently holds an assessed value of $46.10k. This increase reflects market changes and the property's strong standing within its neighbourhood and the wider city.

2. Is the basement developed?
No, the basement is included but is not renovated. This presents an opportunity for future expansion or customization to suit the new owner's needs, subject to permits and regulations.

3. How does this home rank compared to others nearby?
The data shows this property ranks highly on its specific street for lot size (top 10%) and year built (top 6%). In the broader Bridgwater Centre neighbourhood, it also ranks well for living area (top 14%) and lot size (top 8%). These metrics indicate it is a above-average offering within its immediate area.

4. What does the "Sold" ranking mean?
The "Sold" ranking shows that its 2021 sale price of $40.50k was in the top 93% on its street (meaning it was among the lowest sale prices on the street at that time). This historical point may indicate the buyer acquired good value, which is now reflected in its increased assessed value ranking.

5. Are the comparable properties listed actually similar?
The listed properties with similar assessed values are located in a different neighbourhood (Elmhurst). This is a common system comparison for tax assessment purposes. For a true comparison of style, community, and market value, viewing similar homes within Bridgwater Centre itself is recommended.