Property Overview
This 2014 two-storey home at 288 Brookfield Crescent in Bridgwater Lakes offers a modern living experience on a generous 4,332 sqft lot. Its key appeal lies in the balance of being a relatively newer build in a well-established neighbourhood, coupled with a renovated basement that adds immediate functional space. The detached garage and larger-than-average lot for the area provide practical benefits not always found in newer subdivisions.
The home would suit first-time buyers or young families looking for a move-in-ready property without the concerns of an aging structure. It also appeals to practical buyers who value the extra space and potential of a finished basement over a brand-new, unfinished model. The data suggests it offers strong value within Winnipeg, ranking highly for its newer age and assessed value compared to much of the city.
Key Details & FAQs
Key Characteristics & Appeal
- Modern Foundation: Built in 2014, the home benefits from contemporary building standards and materials, likely requiring less immediate maintenance than older properties.
- Expanded Living Space: The 1,669 sqft living area is supplemented by a renovated basement, effectively increasing the usable square footage right away.
- Lot Size & Layout: The lot is notably larger than many in the immediate area, offering more outdoor space and potential for gardening, play, or future additions like a deck or shed.
- Neighbourhood Context: Situated in Bridgwater Lakes, the property is part of a planned community with amenities. The rankings indicate that while the home itself is newer and well-valued city-wide, it sits among many similar-quality properties in its specific neighbourhood.
- Ideal Buyer: This property is a strong match for value-conscious buyers seeking a modern, low-maintenance home with ready-to-use extra space. It’s suited for those who prioritize a larger yard and the flexibility of a finished basement over being in the absolute newest subdivision.
Frequently Asked Questions
1. How does the assessed value compare to the likely asking or market price?
The current assessed value is a municipal valuation for tax purposes. Market price is determined by recent sales of comparable homes, buyer demand, and the current market conditions. It's a baseline, not a sale price.
2. The home sold in 2019 for significantly less. Does that matter?
The 2019 sale price reflects the market conditions and property state at that time. The key updates since then—primarily the basement renovation—add value. Market-wide appreciation over the past five years is also a major factor in today's valuation.
3. What does it mean that the lot is "larger than average" for the street?
With a lot size ranking "better than 33% in same street," it means approximately two-thirds of lots on Brookfield Crescent are smaller. This suggests more private outdoor space than many direct neighbours, which is a perk in newer communities where lots can be compact.
4. Are there any obvious concerns based on the provided data?
The data shows no red flags like extremely low rankings. One less obvious point is that the living area is somewhat typical for the neighbourhood, so the renovated basement is a key differentiator. Buyers may want to inquire about the quality/permits for the renovation and the reason for the 2023 sale.
5. Who might this property not suit as well?
Buyers seeking a unique or character-filled older home, or those wanting the very latest design trends and builder warranties of a newly constructed property, might look elsewhere. It's a practical, modern home in a developed community, not a custom build or a historic renovation project.