Property Overview: 106 Lake Bend Road
Key Characteristics & Appeal
This well-established home in Bridgwater Lakes is a standout property built in 2014. Its primary appeal lies in a combination of above-average space, a desirable location within the community, and significant long-term value. The home sits on a large 7,511 sqft lot, placing it in the top 13% for size on its street, and features a renovated basement and an attached garage. While the living area is more modest relative to the lot size, the property’s assessed value is notably high, ranking in the top 1% for Winnipeg, suggesting it is viewed as a premium asset.
Its appeal is strongest for practical, value-oriented buyers. It would suit a young family seeking a spacious yard in a mature, newer neighbourhood, or an investor/owner who recognizes the value in a property with an assessment significantly below its last sale price—indicating potential equity or a unique valuation position. A less obvious perspective is that this home may offer more relative privacy and outdoor space than newer builds in the area, which often come with smaller lots. It’s a property for someone who prioritizes land and established community character over having the newest floor plan.
Frequently Asked Questions
1. Why is the assessed value so much lower than the last sale price?
Property assessments for tax purposes often lag behind market sale prices and are based on mass appraisal techniques. This discrepancy can indicate strong market appreciation since the last sale or specific features the market values highly that aren't fully captured in the assessment.
2. How does the living space compare to the neighbourhood?
At 1,942 sqft, the living area is slightly below the neighbourhood median. This suggests the home’s value is driven more by its large lot, renovated basement, and location rather than sheer interior size.
3. What does the lot size mean for me?
A lot size in the top 13% on the street provides ample outdoor space for gardening, recreation, or future additions like a deck or shed, which is a growing rarity in newer subdivisions.
4. The home was built in 2014. What does that imply?
A 12-year-old home is past its initial "newness" but is still modern. Major components like the roof, furnace, and windows are likely still in good condition, potentially offering a balance of contemporary standards without the premium price of a brand-new build.
5. Who would this property not suit?
Buyers seeking a turn-key, ultra-modern home with the latest open-concept layouts may find the interior space configuration or style dated. It’s also less suited for those who prefer a low-maintenance lifestyle with minimal yard work.