Property Overview: 125 Park West Drive, Bridgwater Centre

Key Characteristics & Appeal

This is a modern, two-storey home built in 2016, offering a low-maintenance start in the popular Bridgwater Centre neighbourhood. Its key characteristics include a functional 1,537 sqft layout, a detached garage, and an unrenovated basement that presents a clean canvas for future expansion. The lot size is a notable asset, ranking in the top half for the street, providing more outdoor space than many newer builds.

The primary appeal lies in its balance of contemporary construction and potential. As a home that’s only a decade old, major systems are likely still in good condition, offering peace of mind. Its value proposition is grounded in its solid ranking for lot size and newer age within Winnipeg, suggesting a well-positioned property in the broader market. It would suit first-time buyers or young families looking for a move-in-ready home in a planned community, as well as practical buyers who see value in the opportunity to customize the basement over time. A less obvious perspective is its appeal to data-conscious buyers: the provided rankings show it’s a competitively sized property on its street, which can be a subtle advantage for future resale compared to smaller lots in the same area.

Frequently Asked Questions

1. What is the significance of the property rankings?
The rankings compare this home to others on its street, in Bridgwater Centre, and across all of Winnipeg for metrics like lot size and year built. They provide quick context; for example, being newer than 93% of Winnipeg homes highlights its modern construction, while a lot size ranking in the top half of its street indicates a relatively good amount of outdoor space for the area.

2. Is the basement finished?
No, the basement is confirmed as not renovated. This represents both a cost-saving on the purchase price and a future opportunity to add living space and value according to your own needs and timeline.

3. How does the assessed value relate to the listing price?
The assessed value of $43,400k is for municipal tax purposes and is not the market price. It is a historical snapshot used to calculate property taxes. The market price is determined by current supply, demand, and the condition of the home.

4. What does the sale history from 2016 tell us?
The home was previously sold in October 2016 for $32,800k, shortly after it was built. This history is typical for a newer subdivision and primarily shows the original purchase price, which is useful for understanding the neighbourhood's development timeline but not for determining current value.

5. The living area seems modest compared to some neighbours. Is that a concern?
At 1,537 sqft, the living area is near the median for the street. This suggests a efficient, manageable layout that may align with modern needs without excessive upkeep. The trade-off for some buyers is the larger-ranked lot, which can be a priority for outdoor space.