Property Overview: 255 Brookfield Crescent, Bridgwater Lakes

Key Characteristics & Appeal

This 2014-built, two-storey home in the popular Bridgwater Lakes neighbourhood offers a practical and modern living space. Its key characteristics include a generous 4,251 sqft lot, 1,835 sqft of living area, and a detached garage. The basement is present but unrenovated, presenting a blank canvas for future expansion.

The primary appeal lies in its balance of relative newness and established community. Built just 12 years ago, it ranks newer than 91% of Winnipeg homes, meaning major components are likely still within their lifespan, offering peace of mind. The lot size is a significant asset, providing ample outdoor space that is larger than most on its street. While its interior finish may be standard for its build year, the property’s value is anchored in its desirable location within a master-planned area known for pathways, parks, and amenities.

This home would suit first-time buyers or young families looking for a move-in-ready, low-maintenance property in a contemporary neighbourhood. It’s also a sensible option for value-conscious buyers who prioritize a larger yard and see potential in the unfinished basement, preferring to customize that space themselves over time. The data suggests it’s a solid, middle-of-the-road property within its immediate area, offering a foothold in a sought-after community without a premium price tag.

Frequently Asked Questions

1. How does this property really compare to others in Bridgwater Lakes?
The data provides a nuanced picture. While the home ranks highly for its newer age, it falls in the middle to lower tiers for living area and assessed value within the neighbourhood. This indicates you are getting a well-built, modern home, but possibly with more standard finishes or layout compared to some peers. Its strength is the lot size, which is above average for the street.

2. The assessed value is $531,000, but it sold for $572,000 in 2022. What does this mean?
The assessed value is for municipal tax purposes and often lags behind the current market. The 2022 sale price is a more concrete historical data point, showing what a buyer was willing to pay two years ago. This gap suggests the market was valuing it above its assessment at that time, a useful benchmark for your offer.

3. Is the unrenovated basement a major drawback?
Not necessarily. For some, it’s a downside requiring additional investment. For others, it’s a key opportunity. It allows you to finish the space to your own taste and needs without paying a premium for someone else’s work, and it ensures all new materials and warranties.

4. The "rankings" show it's better than only 4% of the neighbourhood for land area. Isn't that bad?
This specific ranking is for the neighbourhood, which includes many estate-style lots. Look at the street ranking, where it’s better than 18%—still modest, but more relevant. The lot is objectively large at over 4,250 sqft; the ranking simply shows Bridgwater Lakes has many very large lots.

5. What is the immediate area like?
The listing shows five other houses on Brookfield Crescent within 33 meters, indicating a typical suburban street with close neighbours. The "Nearby Properties" list being almost entirely on the same street suggests a uniform, quiet cul-de-sac or crescent setting.