116 Brookfield Crescent

Property Overview & Key Characteristics

This two-storey home in Bridgwater Lakes presents a compelling blend of modern living and established value. Built in 2015, it sits on a generous 5,251 sqft lot and features 2,074 sqft of living space, an attached garage, and a renovated basement. Its appeal lies in its strong positioning within a newer, well-regarded neighbourhood. The data suggests a home that is notably above average for its immediate street and the wider city in terms of lot size, living area, and modern build year. The significant increase from its 2019 sale price to its current assessed value indicates substantial equity growth, a point of confidence for a buyer.

This property would suit a growing family or professional couple seeking a move-in ready home in a contemporary community without the uncertainties of a brand-new build. It’s also a sensible choice for value-conscious buyers who appreciate metrics; the home consistently ranks in the top tiers for key attributes compared to its neighbours, offering a sense of relative premium within the area. The renovated basement adds immediate functional space, appealing to those needing a home office, gym, or entertainment area.

Frequently Asked Questions

Q: How does this home truly compare to others on the street and in Bridgwater Lakes?
A: The rankings show it excels in specific, desirable categories. It's newer than 98% of homes on its street, has more living area than 92% of them, and sits on a larger-than-average lot. This indicates it's likely one of the more substantial and modern properties in the immediate area.

Q: The assessed value is much higher than the 2019 sale price. What does this mean?
A: This shows significant appreciation in value over a five-year period. While market conditions play a role, such a marked increase can reflect the home's improvements (like the basement renovation) and the overall desirability and maturation of the Bridgwater Lakes neighbourhood.

Q: What is the neighbourhood like?
A: Bridgwater Lakes is a master-planned community in Winnipeg known for its newer homes, parks, ponds, and pathways. The 2015 build date of this home places it in the earlier phases of development, meaning the landscaping and surroundings are now well-established.

Q: Are there any obvious drawbacks based on the provided data?
A: One data point to note is that its 2019 sale price was lower than 93% of recorded sales on its street. This doesn't reflect the home's current condition or value, but a savvy buyer might inquire about the circumstances of that prior sale to understand the full history.

Q: Who might this home not be suitable for?
A: It may not suit buyers seeking a historic character home, a very small/low-maintenance lot, or a property with a swimming pool. The consistent rankings also suggest it commands a premium price within its locale, so it's likely at the higher end of the price spectrum for similar-sized homes in Bridgwater Lakes.