Property Summary: 307 Brookfield Crescent

Section 1: Key Characteristics & Appeal

This two-storey home in Bridgwater Lakes is a well-situated, modern property built in 2015. Its key appeal lies in a combination of newer construction within an established neighbourhood and a generous, above-average lot size of over 5,600 sqft. The home itself offers 1,606 sqft of living space with a full, unfinished basement, presenting a blank canvas for future expansion or storage. A detached garage completes the picture.

The property’s strength is its land and age relative to the area. The lot size ranks in the top 12% on its street, offering more outdoor space than most nearby homes—a valuable and less common find in newer subdivisions. Furthermore, the build year is newer than 98% of homes on the street, suggesting modern building standards and less immediate need for major updates. This combination suits buyers seeking a move-in ready home from the last decade with the room to grow, garden, or simply enjoy more private outdoor space. It would particularly appeal to young families or professionals who value a modern foundation but want more yard than typical new builds offer, and to those who see potential in customizing an unfinished basement to their specific needs over time.

Section 2: Frequently Asked Questions

1. How does the assessed value compare to the last sale price?
The property was last sold in August 2021 for $470,000. Its current assessed value is significantly lower at $51,700. It’s important to understand that municipal assessed value is used for tax purposes and often does not reflect current market value. The sale price from 2021 is a more relevant indicator of its market history.

2. Is the lot size unusual for this area?
Yes. The lot of 5,640 sqft is larger than 88% of properties on Brookfield Crescent, making it a standout feature. In newer neighbourhoods like Bridgwater Lakes, larger lots are often less common and can be a key differentiator.

3. What does the "unfinished basement" entail?
The basement is a full, undeveloped space. It is structurally complete (with foundation, walls, and ceiling) but lacks finished flooring, walls, and likely dedicated rooms. This is a positive for buyers wanting to customize the space or control renovation timing and budget.

4. The home ranks lower for living area size on its street. Should I be concerned?
The living area is 1,606 sqft, which is smaller than 70% of homes on the street. This indicates that many neighbouring properties may have more interior space or finished areas. However, this is balanced by the larger lot and newer build. It highlights a trade-off: you are getting more land and a newer structure, but potentially less finished square footage than some neighbours.

5. How established is the neighbourhood?
Built in 2015, the home is newer than the vast majority on its street and in Winnipeg overall. However, the rankings show the Bridgwater Lakes area itself has many homes of a similar vintage, indicating it’s a maturing, modern community rather than a brand-new development.