Property Summary: 143 Lake Bend Road, Bridgwater Lakes
Section 1: Key Characteristics & Appeal
This well-established two-storey home in the sought-after Bridgwater Lakes community offers a compelling blend of space, modern updates, and a strong value position. Built in 2014, it sits on a generous 6,318 sqft lot and features a notably spacious 2,858 sqft of living area, which ranks in the top 5% of homes on its street. A key feature is the renovated basement, adding immediate move-in readiness and functional space.
The appeal lies in its proven stability within a mature neighbourhood setting. The home’s assessed value and past sale prices consistently rank in the top tiers city-wide, suggesting a history of solid value retention. Its lot size and living space are significantly above average for the immediate area, offering more room than many neighbouring properties—a less obvious but valuable advantage in a newer community where lots can be smaller.
This property would ideally suit growing families or professionals seeking a turn-key home with ample indoor and outdoor space in a modern, amenity-rich area. It’s also a sensible choice for value-conscious buyers who appreciate metrics, as the home performs strongly on paper against local and city-wide comparisons for size, value, and relative newness.
Section 2: Frequently Asked Questions
1. How does the 2014 build year compare to the rest of the neighbourhood?
The home is newer than 91% of properties in Winnipeg, but is more in the middle range for Bridgwater Lakes itself. This suggests it’s situated in a well-established phase of the community, past the earliest construction, offering mature landscaping and settled surroundings.
2. What do the ranking percentages actually indicate?
They show how this property compares to others in a specific group. For example, living area “better than 95% on the same street” means only 5% of homes on Lake Bend Road are larger. This highlights this home’s standout feature is its interior space relative to its direct neighbours.
3. Has the property’s value increased?
Based on the provided sales history, the sold price increased from $690k in February 2018 to $750k in June 2021. The current assessed value is listed at $77.70k, which is a municipal assessment for tax purposes and is not a market valuation.
4. What is the significance of the renovated basement?
In a home of this size and age, a renovated basement is a key functional upgrade. It immediately adds finished living space without the need for a major project, which is a significant advantage for buyers looking for completeness.
5. The lot is large for the street—what might that mean?
A lot size ranking “better than 59%” on the street means it’s above average. In a modern community, this could translate to more private backyard space, better spacing from neighbours, or potential for landscaping or outdoor living features that smaller lots cannot accommodate as easily.