Property Overview: 118 Lake Bend Road, Bridgwater Lakes
Key Features & Ideal Buyer
This two-storey home in Bridgwater Lakes is a standout property built in 2015, offering a blend of modern living, space, and established community appeal. Its key characteristics include a generous 2,840 sqft of living space, a renovated basement, an attached garage, and a private pool situated on a large 7,512 sqft lot.
The appeal lies in its top-tier positioning within multiple contexts. The home ranks in the top 10-15% for lot size, living area, and assessed value not just on its street, but across the entire city of Winnipeg. This indicates a property that is both spacious and financially substantial relative to the market. The inclusion of a pool and a finished basement adds significant recreational and functional space. A thoughtful perspective is that this home has transitioned past its "brand new" phase, meaning any initial development kinks are likely resolved, while major components are still comfortably within their lifespan. It suits buyers looking for a move-in ready, premium family home in a sought-after neighbourhood—specifically, those who value space, privacy, and amenities like a pool, and who appreciate a property with strong, data-backed equity and stature in the broader market.
Frequently Asked Questions
1. How does the assessed value compare to recent sales?
The current assessed value is $133.90k. The home last sold in March 2019 for $98.80k, and prior to that in March 2016 for $101.10k, indicating a significant increase in its assessed valuation over the past several years.
2. Is the lot size typical for the area?
No, the 7,512 sqft lot is notably larger, ranking better than 89% of lots on Lake Bend Road and placing it in the top 11% for the street.
3. What does the "renovated basement" entail?
The listing confirms the basement is finished and has been renovated, but specific details on the scope, quality, or permitted status of the renovation would require inquiry with the seller or a viewing.
4. How does the living space compare to nearby homes?
With 2,840 sqft, this home is exceptionally spacious, ranking in the top 6% on its street and the top 4% within the Bridgwater Lakes neighbourhood.
5. The home was built in 2015. What should I consider about its age?
At 11 years old, major systems like the roof, HVAC, and appliances are potentially approaching mid-life, so a thorough inspection is wise. Conversely, the neighbourhood and landscaping are now well-established, offering a mature setting newer subdivisions may lack.