Property Overview: 398 Park West Drive, Bridgwater Centre, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This home in the popular Bridgwater Centre neighbourhood is a modern, low-maintenance property built in 2015. Its key feature is a renovated basement, adding valuable finished living space to the 1,402 sqft floor plan. While it does not include a garage, its appeal lies in its strong positional rankings; it sits on a lot that ranks in the top 1% for size on its street and is situated in a highly regarded area, ranking in the top tier for both the neighbourhood and all of Winnipeg.
The property suits first-time buyers or downsizers seeking a contemporary home in a top-rated community without the upkeep of an older house. Its recent sale history suggests it may present a value opportunity for a buyer looking to enter a desirable area. A thoughtful perspective is that the renovated basement offers immediate flexibility for a home office, guest suite, or recreational space, which is a significant advantage in a home of this size. The lack of a garage may be offset for buyers who prioritize lot size and location over vehicle storage.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is finished but does not specify the details of the renovation. A buyer should inquire about the quality of finishes, ceiling height, permits, and whether it includes a bathroom or separate entrance.
2. How does the lack of a garage impact daily living and resale?
Parking will be limited to driveway and street. For some buyers, this is a worthwhile trade-off for the location and lot size. It may appeal to households with fewer vehicles but is an important factor to consider for future resale in a family-oriented community.
3. The home sold very recently in November 2024. Why is it back on the market?
A quick resale can happen for many neutral reasons, such as a change in the buyer's financial or personal circumstances. It is a standard question to ask the listing agent to understand the specific situation.
4. The assessed value is listed at $46.30k. Is that the property tax value?
Yes, this is the municipal assessed value for taxation purposes, not the market value. The recent sale price provides a more current benchmark of the home's market worth.
5. The lot ranks very high, but the living area is more moderate. What does this mean?
It indicates the home sits on a larger-than-average lot for the street, which could provide more outdoor space, privacy, or future expansion potential compared to neighbours, even though the house itself is a comfortable but not oversized footprint.