Property Overview: 244 Brookfield Crescent, Bridgwater Lakes
Key Characteristics & Appeal
This 2014-built, single-storey home in Bridgwater Lakes sits on a generous 4,252 sqft lot. Its key appeal lies in a combination of modern age and established neighbourhood living. With 1,406 sqft of living space, a detached garage, and an unrenovated basement, it presents a straightforward, functional layout. The property’s standout characteristic is its relative newness compared to much of Winnipeg, ranking newer than 91% of homes in the city. This suggests updated building standards and potentially lower immediate maintenance costs than older stock.
The home suits first-time buyers or downsizers looking for a manageable, single-level layout in a planned community. Its lot size is a notable asset for the area, offering good outdoor space. The appeal is pragmatic: it’s a relatively modern home on a good-sized lot in a sought-after suburban area. A thoughtful perspective is that the unrenovated basement, while not a feature now, represents clear potential for future customization and added value to a buyer willing to invest in finishing it. The data indicates the assessed value is high relative to most immediate neighbours, which can be a double-edged sword—it reflects a solid official valuation but may also factor into property tax calculations.
Frequently Asked Questions
1. How does this home compare to others on the street?
It ranks highly for its newer construction (top 16% on the street) but has a smaller living area (top 88%) and a lower assessed value (top 91%) than most direct neighbours. This suggests it’s a newer, but more modestly sized, home on the block.
2. What is the neighbourhood of Bridgwater Lakes like?
Bridgwater Lakes is a planned, family-oriented community in Winnipeg known for its parks, pathways, and lakes. The home’s rankings show it’s in a highly desirable area where most properties are newer and values are consistently strong.
3. Is the basement finished?
No, the basement is noted as “not renovated,” meaning it is unfinished. This provides a blank canvas for future development but does not add immediate liveable square footage.
4. Why is the assessed value so much higher than the last sold price?
The home last sold in 2016 for $38.5k. The current assessed value of $49.1k reflects market appreciation and municipal valuation increases over the past eight years, which is a common trend in many Winnipeg neighbourhoods.
5. What are the potential next steps?
Given the home’s modern build, lot size, and unfinished basement, the logical next steps would be to verify the condition of major systems (roof, HVAC) given its age, investigate any community development fees, and explore costs and permits for potential basement finishing to maximize the investment.