Property Overview & Key Characteristics
This two-storey home on a generous lot in Bridgwater Lakes is a modern, low-maintenance property with strong, quantifiable appeal. Built in 2014, it offers over 2,000 square feet of living space and a renovated basement. Its standout feature is its consistently high ranking across key metrics compared to its immediate street, the wider Bridgwater Lakes neighbourhood, and all of Winnipeg. It consistently places in the top 20% or better for lot size, building age, living area, and recent sold price on its own street, indicating it is a premium property within a desirable enclave. Notably, it ranks in the top 10% across Winnipeg for its newer age and above-average living space.
The appeal lies in its move-in-ready condition, the value-added renovation, and its position in a well-regarded, newer community. The data suggests a property that has not only kept pace with but has often outperformed its local market. It would perfectly suit young families or professionals seeking a modern home in a planned community without the need for immediate upgrades, as well as value-conscious buyers who appreciate a home with strong comparative metrics that support its valuation.
Frequently Asked Questions
How does the property’s value trend compare to the area?
The sold price history shows a significant increase from $610k in 2021 to $635k in 2024. This growth outpaces the average for its immediate street and the Bridgwater Lakes neighbourhood, according to the provided percentile rankings, suggesting the home has been a strong performer.
Is the lot size typical for the area?
At over 5,250 sqft, the lot is larger than 80% of those on Brookfield Crescent, making it a standout feature on the street and offering more outdoor space than many newer builds in the community.
What do the percentile rankings actually mean?
They show how this property compares to others. For example, ranking "Better than 87% in same street" for living area means only 13% of homes on Brookfield Crescent are larger. This context helps gauge its relative size, modernity, and value within different geographic circles.
The home is newer, but what about major components?
While the structure is 12 years old, key components like the roof, furnace, and major systems may be approaching mid-life. A pre-purchase inspection would be prudent to assess their remaining service life, as their age is less obvious than the modern build date.
How does the assessed value relate to the recent sale price?
The assessed value is significantly lower than the recent sale price, which is common. The sale price reflects the current market value between a willing buyer and seller, while the assessed value is used for municipal tax purposes and often lags behind rapid market changes.