Property Summary: 263 Brookfield Crescent, Bridgwater Lakes, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-maintained, two-storey home built in 2012, situated on a generous 4,251 sqft lot in the modern Bridgwater Lakes neighbourhood. With 1,508 sqft of living space, a detached garage, and an unfinished basement, it presents a solid, move-in-ready canvas. Its core appeal lies in its balance of established maturity—the home is past its brand-new phase but still modern—and its potential for personalization, particularly in the basement.
The property’s standout feature is its relative value within a newer area of Winnipeg. While its size and assessed value rank in the middle-to-lower tier within its immediate street and neighbourhood, it ranks notably higher (top 30% or better) against the entire city for its newer year of build, living area, and assessed value. This suggests you are acquiring a modern home in a desirable planned community at a more accessible point than newer builds on the same street.
This home would suit first-time buyers or young families looking for a established, low-maintenance property in a contemporary neighbourhood without the premium price of the latest construction. It’s also a practical fit for buyers who see value in an unfinished basement, preferring to customize that space to their exact needs and timeline rather than paying for a prior owner’s renovations.
Section 2: Frequently Asked Questions
1. How does the ranking system work?
The rankings compare this property against others on the same street, in Bridgwater Lakes, and across all of Winnipeg. A "Top 11%" rank for its year built city-wide, for example, means 89% of Winnipeg homes are older. It's a useful tool for understanding where this home sits in the broader market context.
2. Why is the assessed value significantly lower than nearby comparables?
The assessed value of $502,000 is for municipal tax purposes and is not a direct market valuation. It can be influenced by many factors, including the home's specific attributes and the timing of the assessment. Nearby listings with higher values may have more recent renovations, finished basements, or different layouts.
3. What does the sale history from 2020 tell us?
The home sold for $415,000 in January 2020. This provides a historical benchmark, but the market has evolved considerably since then. The current assessed value and the prices of nearby "for reference" properties offer more relevant indicators of the current market environment.
4. Is the unfinished basement a drawback?
Not necessarily. For many buyers, an unfinished basement is an opportunity. It allows you to design and finish the space according to your specific needs—whether as a rec room, home office, or extra bedroom—without needing to undo or work around someone else's choices. It’s a blank slate that can add significant future value.
5. The lot is large, but the living area is modest. What does this mean?
The 4,251 sqft lot is a valuable asset, offering ample outdoor space for gardening, play, or entertaining—a feature that can be harder to find in newer communities. The home itself provides efficient, modern living space. This combination is ideal for those who prioritize a generous yard and see potential in expanding the home's footprint in the future, subject to local regulations.