138 Edge Park Crescent

Property Summary: 138 Edge Park Crescent

Section 1: Key Characteristics & Appeal

This is a modern, one-storey home built in 2020, offering a low-maintenance lifestyle in the popular Bridgwater Trails community. Its key characteristics include a manageable 1,426 sqft of living space, a fully unfinished basement providing significant potential for future customization, and a good-sized lot of over 4,600 sqft. The home features an attached garage.

Its primary appeal lies in its balance of being a relatively new build—sparing the first owner from major immediate repairs—while presenting a clear value-add opportunity through the basement. The property’s competitive rankings are noteworthy: it sits in the top 3% of Winnipeg homes for its newness, suggesting strong long-term durability and modern building standards. However, its living area and assessed value rank more moderately within its immediate neighborhood, indicating it is a solid, standard offering in a desirable area rather than a standout in size or luxury.

This home would suit first-time buyers or downsizers seeking a modern, single-level layout in a master-planned community. It is also ideal for a pragmatic buyer who views the unfinished basement not as a drawback, but as a strategic blank canvas to increase both living space and property value according to their own taste and budget, without the hassle of a full renovation.

Section 2: Frequently Asked Questions

1. What are the annual property taxes?
While the current assessed value is $511,000, taxes are calculated using a mill rate. A buyer should use this assessment to request an accurate tax estimate from the city or their agent.

2. What are the monthly utility costs for a home of this age and size?
As a 2020 build, the home benefits from modern energy efficiency standards (windows, insulation, appliances). Costs for heating, cooling, and electricity are typically predictable and efficient for a home of this square footage.

3. Why is the basement unfinished, and what would it cost to finish it?
The basement was left unfinished by the original builder, a common practice that allows the buyer to customize the space. Finishing costs can vary widely based on materials and layout but represent a direct opportunity to increase the home's total usable area.

4. How does the ranking system for the property work?
The rankings compare this home against others on its street, in Bridgwater Trails, and across all of Winnipeg for metrics like lot size, age, and living space. For example, being newer than 97% of Winnipeg homes is a strong point, while its living area size is more common locally, providing clear context for its market position.

5. What is the significance of the 2020 sale price compared to the current assessment?
The home was purchased for $421,000 when new. The current $511,000 assessment reflects market appreciation and provides the basis for municipal taxation, but the final sale price will be determined by current market conditions.