Property Overview: 143 Brookfield Crescent, Bridgwater Lakes
Key Features & Ideal Buyer
This well-maintained one-storey home in the popular Bridgwater Lakes neighbourhood offers practical, move-in-ready living. Its key characteristic is a renovated basement, which adds valuable finished space to the 1,115 sqft main floor plan. Built in 2013, the home is newer than 90% of properties in Winnipeg, suggesting modern construction standards and less immediate need for major updates. The detached garage and a generous 4,489 sqft lot provide good outdoor and storage space.
The appeal lies in its balance of a modern, low-maintenance home within a sought-after community. The recent basement renovation means buyers can avoid a major project. Its assessed value ranks highly city-wide, indicating a solid investment in a desirable area. However, the living area is notably compact compared to most homes on the street and in the neighbourhood.
This property would best suit first-time buyers, downsizers, or investors seeking a modern, single-level home in a family-oriented area. It’s ideal for those who prioritize a newer build and a finished basement over a large main floor footprint. The data suggests it offers good value within Winnipeg broadly, but buyers should be aware it is a smaller home within its immediate community.
Frequently Asked Questions
1. Is the basement renovation permitted and finalized?
Always verify with the seller that the basement renovation was completed with the necessary permits and final inspections from the city to ensure everything is above board.
2. How does the smaller living area impact daily life and resale?
While the home is modern and the basement adds space, the main floor is compact. Consider if the layout works for your household's flow, and note that its size is atypical for the street, which could be a factor in future resale.
3. What are the annual property taxes?
The assessed value is provided, but you should request the current annual property tax amount from the listing agent to accurately budget for monthly carrying costs.
4. Why is the assessed value significantly lower than the last sale price?
The home sold for $52.6k in 2021 but is now assessed at $50.9k. This may reflect a market adjustment or specific assessment criteria. It’s wise to have your agent analyze recent comparable sales to determine a fair current market value.
5. What is the homeowner association (HOA) fee or community levy situation for Bridgwater Lakes?
Newer Winnipeg communities like this often have mandatory community association fees or development levies. Clarify the annual cost and what it covers, such as park or amenity maintenance.