Property Overview: 111 Brookfield Crescent
Key Characteristics & Appeal
This well-maintained, one-storey home in Bridgwater Lakes offers a practical and modern living proposition. Built in 2014, it is notably newer than most Winnipeg homes, ranking in the top 9% for its age citywide. The property sits on a generous 4,487 sqft lot, providing ample outdoor space that is larger than many on its street. Key features include a renovated basement and a detached garage. Its appeal lies in this combination of a newer build, a sizable lot, and recent updates within a modern Winnipeg neighbourhood.
The home’s living area is compact at 1,115 sqft, which suggests an efficient, low-maintenance layout ideal for first-time homebuyers, downsizers, or investors. The significant gap between its last sold price and its current assessed value will likely attract buyers looking for potential value. This property suits someone prioritizing a modern community, outdoor space, and a move-in-ready condition without the upkeep of an older house. A thoughtful perspective is that while the interior space is modest, the large lot offers room for future expansion or landscaping projects, providing a balance of present convenience and future potential.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement has been renovated, but specific details on the finish, rooms, or permits should be verified with the seller or a viewing.
2. How does the assessed value compare to the expected listing price?
The current assessed value is significantly lower than the home's last sold price in 2022. This is a common metric buyers examine, but the final market price is determined by current conditions, recent upgrades, and buyer demand.
3. Is the neighbourhood established?
Bridgwater Lakes is a newer community. The home's 2014 build date means it is among the earlier houses in the area, so infrastructure and landscaping are more settled than in brand-new subdivisions.
4. What are the property taxes?
Taxes are calculated based on the assessed value and the city's mill rate. With an assessed value of $50,700, the annual taxes would be approximately $2,680, but this should be confirmed with an official calculation.
5. Why is the living area ranked lower than other metrics?
The home's living space is smaller relative to many others in the neighbourhood and on the street. This indicates the property’s value is more weighted toward its lot size, newer construction, and updates rather than its interior square footage.