Property Overview: 124 Brookfield Crescent, Bridgwater Lakes
Key Features & Ideal Buyer
This well-maintained two-storey home in the popular Bridgwater Lakes neighbourhood offers a balanced, move-in-ready package. Its key appeal lies in its modern foundation—built in 2015—coupled with a renovated basement, providing immediate livability and extra space. The home sits on a larger-than-average lot (5,250 sqft) for the street, offering good outdoor space potential. Its assessed value has risen significantly since 2017, reflecting solid market confidence in the area.
The property suits first-time buyers or young families seeking a modern home in a planned community without the wait of new construction. It also appeals to value-conscious buyers who prioritize a move-in-ready condition with a finished basement, avoiding major immediate projects. A thoughtful perspective is its strong ranking for "newness" within Winnipeg (top 8%), which suggests lower relative risk for near-term major system replacements compared to older stock, an often-overlooked financial benefit.
Frequently Asked Questions
1. How does the lot size compare?
The 5,250 sqft lot is notably larger than many on the street, ranking better than 66% of neighbouring properties. This offers more private yard space than is typical for the immediate area.
2. What does the assessed value history indicate?
The assessed value has increased from $42.9k in 2017 to $58.3k, a steady climb. It now ranks in the top 8% of Winnipeg for assessed value, indicating strong appreciation and a premium position in the broader market.
3. Is the home relatively modern for Winnipeg?
Yes. Built in 2015, it ranks newer than 92% of all properties in Winnipeg (top 8%), meaning its major components like roof, windows, and mechanical systems are likely in good condition with considerable life remaining.
4. How does the living space compare to the neighbourhood?
At 1,688 sqft, the living area is moderately sized. It's larger than 81% of Winnipeg homes but is closer to the average for Bridgwater Lakes, ranking in the top 74% (larger than 26% of neighbourhood homes). It offers standard space for the community.
5. What is the context of the 2020 sale price?
The home sold for $46.5k in April 2020. That price ranked very low (top 97%) for the street at that time, likely reflecting specific sale conditions or the pre-renovation state of the basement. The sharp increase in assessed value since then suggests significant improvements or market shifts.