Property Overview: 227 Brookfield Crescent, Bridgwater Lakes
Key Characteristics & Appeal
This 2013-built, one-storey home in the popular Bridgwater Lakes neighbourhood presents a practical opportunity. Its key characteristic is a renovated basement, adding valuable finished living space to the 1,115 sqft main floor. The lot is a generous 4,488 sqft, placing it in the top half of its street for size.
The appeal lies in its modern age—newer than 90% of Winnipeg homes—coupled with a move-in ready lower level. It suits first-time buyers or downsizers seeking a single-level layout in a well-regarded, newer community without the premium for a brand-new build. The recent sale price of $480k (January 2024) suggests a competitive entry point into the area, especially for those prioritizing lot size and recent updates over a larger main floor footprint. A thoughtful perspective: while the living area is modest relative to the neighbourhood, the renovated basement effectively expands usable space, making it a smart value play for those who don't require formal, above-ground rooms.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home recently sold for $480,000, which is higher than its $450,000 assessed value but places it in the top 26% of Winnipeg for assessed value. In Bridgwater Lakes specifically, its assessed value is at the lower end, suggesting it may be one of the more accessible price points in this desirable neighbourhood.
2. Is the living space sufficient for a small family?
With 1,115 sqft on the main floor plus a renovated basement, the total functional space is flexible. The main living area is compact compared to many homes in the area, so suitability depends on layout efficiency and how the basement is finished. It may work well for a young family or those comfortable with multi-level living.
3. What are the implications of having no garage?
This is a significant consideration for vehicle storage, security, and additional storage needs. Buyers should factor in the cost and feasibility of adding a garage or using alternative storage solutions, as most nearby properties likely have one.
4. How does the lot size benefit me?
At nearly 4,500 sqft, the lot is larger than half on the street, offering good outdoor space for gardening, play, or entertaining—a valuable asset in newer subdivisions where lots can be smaller.
5. The home is newer, but what about future maintenance?
Built in 2013, major components like the roof, furnace, and windows are likely still in good condition but will be approaching key inspection points in the coming years. A pre-purchase inspection is advised to anticipate medium-term maintenance schedules.