Property Overview: 103 Lake Bend Road, Bridgwater Lakes
Key Characteristics & Appeal
This two-storey home in Bridgwater Lakes is a modern, well-sized property built in 2015. It sits on a nearly 6,000 sqft lot and features over 2,400 sqft of living space, an attached garage, and a renovated basement. The data suggests a home that has been maintained and updated since its construction.
Its primary appeal lies in its strong standing within the broader Winnipeg market. The living area and assessed value rank in the top 3-5% citywide, indicating a spacious and valuable property compared to most. In the newer Bridgwater Lakes neighbourhood, it ranks highly for size and value, offering a sense of above-average substance for the area. The 2022 sale price shows significant appreciation from its 2016 build price, reflecting the area's growth.
This home would suit buyers looking for a modern, turn-key property in a newer community without sacrificing interior space. It’s ideal for a growing or established family seeking room to spread out, with the added benefit of a finished basement for recreation or guests. A thoughtful perspective: while its street ranking is more moderate, this can represent an opportunity for value within a desirable, high-ranking neighbourhood—a solid home on a good lot, without necessarily paying the premium for the absolute top lot on the block.
Frequently Asked Questions
1. How does this property compare to others on Lake Bend Road?
The home ranks above average on its street for its newer age (top 24%) and living space (top 27%), but is more middle-of-the-pack for lot size and recent sold price. This suggests it's a competitively sized, modern home on this particular street.
2. What does the "renovated basement" likely entail?
While specifics aren't listed, given the home's age (2015), a renovation likely means the basement was finished post-construction, possibly adding legal bedrooms, a living area, or a more modern aesthetic. It's a key upgrade from a standard builder's finish.
3. Has the property held its value?
The sold history shows a clear increase from $690k in 2016 to $825k in 2022. This indicates strong value retention and growth through its first six years, outpacing average neighbourhood and city trends during that period.
4. Is the lot size typical for Bridgwater Lakes?
At just under 5,910 sqft, the lot is larger than 58% of those in the neighbourhood, placing it in the top half. It's a comfortably sized lot for the community, which often features newer homes on relatively smaller, low-maintenance parcels.
5. Why are the assessed value and recent sale price different?
The assessed value ($758k) is for municipal tax purposes and often lags behind the current market. The 2022 sale price ($825k) is a direct market transaction. The difference is normal and suggests the market has recently valued the home higher than its official assessment.