Property Overview: 55 Brookfield Crescent
Section 1: Key Characteristics & Appeal
This two-storey home in Bridgwater Lakes is a well-situated, modern property built in 2013. Its key appeal lies in its balance of space, location, and relative value within a newer Winnipeg community. The 1,839 sqft living area is notably spacious, ranking in the top third for size on its street. It sits on a generous 4,484 sqft lot and includes a detached garage. A significant, less obvious highlight is its "bones": the home ranks in the top 10% for age across all of Winnipeg, meaning it is a newer construction compared to most of the city's housing stock, which typically translates to modern building standards and less immediate need for major system updates.
The property suits two main types of buyers. First, it's ideal for growing families or professionals seeking a move-in ready home in a planned neighbourhood, offering more interior space than many comparable nearby properties. Second, it appeals to the value-conscious buyer who recognizes the potential in the unfinished basement; this space presents a clear opportunity to add significant future equity through a renovation tailored to the next owner's needs, rather than paying a premium for someone else's finished layout.
Section 2: Frequently Asked Questions
1. How does this home compare to others in Bridgwater Lakes?
The home is newer than about two-thirds of the neighbourhood and has a larger living area than about 60% of area homes. Its recent sale price was moderately below the neighbourhood average, positioning it as a competitively priced option for its size and age.
2. What does the "rank" information mean?
The rankings compare this specific property against others on its street, in Bridgwater Lakes, and across Winnipeg for metrics like size, age, and value. For example, ranking in the "Top 14%" for living area in Winnipeg means 86% of homes in the city are smaller. This provides concrete, relative context beyond just the raw numbers.
3. Is the assessed value the same as the market price?
No. The municipal assessed value for taxation is $53.80k, but the home sold for $520k in October 2024. Market price is determined by recent sales, demand, and condition, while assessed value is an administrative calculation for tax purposes.
4. What is the significance of the unfinished basement?
The unfinished basement is a key consideration. It means lower immediate costs (as it hasn't been renovated) and offers a blank canvas for future expansion. Buyers should factor in the cost and effort to finish it to their standards versus purchasing a home where that work is already completed.
5. How does the lot size and detached garage impact daily living?
The lot size is above average for the street, offering more private outdoor space. The detached garage provides flexibility for storage or a workshop but means dealing with Winnipeg winters during the walk to and from the vehicle, a trade-off compared to an attached garage.