264 Brookfield Crescent

Property Summary: 264 Brookfield Crescent, Bridgwater Lakes

Section 1: Key Characteristics & Appeal

This two-storey home, built in 2014, sits on a generous 4,251 sqft lot in the modern Bridgwater Lakes community. With 1,639 sqft of living space, an unrenovated basement, and no garage, it presents a straightforward canvas in a neighbourhood known for its newer construction.

The primary appeal lies in its balance of a relatively recent build and a sizable lot—a combination that can be harder to find. The home’s age suggests modern building standards and likely lower immediate maintenance, while the large lot offers valuable outdoor space and future potential. Its assessed value is notably conservative compared to recent neighbourhood sales, which may attract attention from value-conscious buyers.

This property would suit first-time buyers or practical downsizers looking for a modern footprint without premium finishes, or investors seeking a property with solid fundamentals and room to add value. It’s a pragmatic choice for those who prioritize lot size and a newer structure over move-in-ready perfection and attached parking.

Section 2: Frequently Asked Questions

1. Why is the assessed value significantly different from the last sale price?
The last recorded sale was in 2017. Assessed values for taxation purposes often lag behind current market values, especially in evolving neighbourhoods. The assessment is a starting point, but recent comparable sales are more indicative of today’s market value.

2. What are the implications of not having a garage?
This means all parking is on the driveway or street. It reduces built-in storage and may be a consideration for winter weather. However, it also means no garage footprint on the large lot, preserving more yard space and potentially simplifying future landscaping or addition plans.

3. The home ranks low for area on its street but high for being newer. What does this mean?
It indicates that while many homes on Brookfield Crescent have larger living areas, this home is among the newer builds on the street. You’re getting a modern structure, but possibly with a more efficient or compact layout compared to some neighbours.

4. What does “basement, not renovated” typically involve?
It means the lower level is unfinished or in a basic, builder-grade state. This is a common project for homeowners, allowing you to customize the space to your needs but requiring an upfront investment of time and money.

5. How does this property compare to the nearby references at 103 Appleford Gate and 119 Brookfield Crescent?
The comparisons show similar homes in the same neighbourhood. Key differences will be in lot size, layout, condition, and specific features. The Appleford Gate home has a higher assessed value, while 119 Brookfield has a slightly larger living area. Viewing these can help calibrate value for the subject property.