Property Overview: 112 Brookfield Crescent, Bridgwater Lakes
Key Characteristics, Appeal & Ideal Buyer
This well-maintained two-storey home in the popular Bridgwater Lakes neighbourhood offers a balanced package of space, modern updates, and established community living. Built in 2014, it sits on a generous 5,252 sqft lot and features 2,068 sqft of living space, which ranks in the top 10% for size on its street. A key feature is the renovated basement, adding valuable finished living area. The home’s strong appeal lies in its "move-in ready" condition with recent upgrades, combined with the desirability of a newer build in a master-planned community known for its parks, pathways, and lakes.
Beyond the obvious, the property presents a compelling value proposition. Its current assessed value ranks in the top 5% citywide, significantly higher than its last sold price in 2020, suggesting substantial equity growth and strong market confidence in the area. The home suits a few buyer types perfectly: growing families seeking space and community amenities, professionals looking for a modern, low-maintenance property with a renovated basement for a home office or entertainment space, and value-conscious buyers who appreciate a home that already has key renovations done, avoiding immediate project costs.
Frequently Asked Questions
1. How does the lot size compare to others in the area?
At 5,252 sqft, the lot is larger than 70% of others on Brookfield Crescent, offering more outdoor space than many newer properties in the neighbourhood.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to request from the listing agent to understand the quality and functionality of the space.
3. The assessed value seems high compared to the 2020 sale price. What does this indicate?
The assessed value of $635,000 is a municipal valuation for tax purposes and often lags behind the current market. However, its ranking in the top 5% in Winnipeg indicates strong appreciation and that the property is considered a high-value home within the city's assessment framework.
4. Is the neighbourhood established, and what are the schools like?
Bridgwater Lakes is a developed, master-planned community. Being built in 2014, this home is situated in an established section with mature landscaping. Prospective buyers should research specific school catchments through the local school division, as they can change.
5. How does this home rank for space compared to nearby properties?
With over 2,000 sqft of living area, this home provides more interior space than 91% of homes on its street and 92% of homes across Winnipeg, making it a notably spacious offering for its type and age.