Property Overview: 203 Brookfield Crescent, Bridgwater Lakes
Key Characteristics & Appeal
This 2013-built, one-storey home sits on a generous 4,489 sqft lot in the modern Bridgwater Lakes community. Its key features include a detached garage and an unfinished basement, presenting a straightforward layout with room for future customization. The primary appeal lies in its balance of a newer build within a well-regarded neighbourhood and a substantial lot size that ranks above average for the street. The home’s assessed value is notably lower than its 2022 sale price, which may attract attention from value-conscious buyers.
This property is well-suited for first-time buyers or downsizers seeking single-level living in a contemporary area without the premium of a fully renovated home. The unfinished basement offers a blank canvas for those wanting to add value on their own terms. A less obvious perspective is its potential for investors or long-term holders; the lot size and the community's relative newness suggest the land itself may hold appreciating value as the area matures, independent of the current structure.
Frequently Asked Questions
1. Why is the current assessed value so much lower than the 2022 sale price?
Municipal assessments for tax purposes often lag behind market sale prices and are calculated using different metrics. The 2022 sale reflects the market at that time, while the assessment is an administrative valuation.
2. What does the "rank" data for the street and neighbourhood mean?
These rankings compare this specific property metric (like lot size or year built) against all other homes on the same street, in Bridgwater Lakes, and across Winnipeg. For example, "Better than 52% in same street" for land area means its lot is larger than just over half the lots on Brookfield Crescent.
3. The living area is ranked quite low. Is the house unusually small?
At 1,240 sqft, the living area is modest compared to many homes in Bridgwater Lakes, which often feature larger two-storey models. This confirms the property as a more compact, manageable bungalow option within the community.
4. What are the implications of the basement being "not renovated"?
The basement is unfinished. It has been roughed-in for potential living space (with foundation, floor, roof, and likely basic utilities) but requires a full investment to build out rooms, flooring, and finishes to suit the buyer's needs.
5. The home sold in 2022. Is there any cause for concern with a relatively recent resale?
Not necessarily. A recent sale can indicate various personal or financial circumstances of the previous owner. It does provide a clear, recent market price point for comparison, which is valuable data for any buyer.