Property Overview: 78 Lake Forest Road, Bridgwater Forest
Key Characteristics & Appeal
This two-storey home in Bridgwater Forest is a standout property defined by its generous space and established desirability. Built in 2010, it sits on a large 6,658 sqft lot and offers over 3,000 sqft of living area, placing it in the top tier of homes in Winnipeg for size. Its appeal lies in a combination of move-in-ready features, like a renovated basement, and strong long-term fundamentals. The property ranks exceptionally well for its assessed value and previous sale price within its immediate street and the wider city, suggesting a history of value retention and appeal.
The home would suit buyers looking for a spacious, modern family home in a sought-after newer community. It’s particularly well-matched for those who prioritize above-average interior and exterior space and appreciate a property with proven market performance. A less obvious perspective is its appeal to value-conscious buyers who see strength in the numbers; the consistent top-tier rankings across key metrics (size, value, past sale price) indicate a property that has consistently outperformed its peers, which can be a sign of stability and sound investment within its category.
Frequently Asked Questions
1. How does the assessed value compare to the likely market price?
The assessed value is a municipal figure for tax purposes and is typically lower than market value. This home’s assessed value ranks in the top 0% in Winnipeg, indicating the city recognizes it as a high-value property, but the actual sale price will be determined by current market conditions.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the listing agent to understand if it’s a finished recreational space, includes additional bedrooms, or has a separate entrance.
3. The home sold in 2016. What does that history tell us?
The 2016 sale price was significantly higher than the current assessed value and ranked in the top 1% in the city at that time. This indicates the home has a history of commanding premium prices, which can be a positive signal, though it doesn’t guarantee future performance.
4. The lot is large, but what is the backyard like?
With a lot size better than 91% of homes on its street, the property has ample outdoor space. The specific orientation, landscaping, and privacy of the backyard would need to be verified by a viewing, as these are not detailed in the data.
5. The neighbourhood rankings vary—is this a good area?
The data shows the home itself ranks highly within Bridgwater Forest for size and value. However, the neighbourhood ranking for the year built is lower, meaning many nearby homes are newer. This suggests the immediate area has continued to develop, potentially offering a blend of established landscaping with a still-evolving community feel.