Property Overview
174 Lake Bend Road is a well-maintained, one-storey home in the popular Bridgwater Lakes neighbourhood. Built in 2013, it sits on a generous 7,208 sqft lot, which is larger than most in the immediate area. The home features a renovated basement and an attached garage. Its standout characteristic is its exceptional value positioning; the property's assessed value ranks in the top 5% of the neighbourhood and remarkably in the top 0% of all Winnipeg, indicating a very strong municipal valuation relative to its last sale price. This creates a compelling foundation for equity.
The appeal lies in its combination of modern convenience, established community, and quantifiable value. The home offers above-average living space (2,255 sqft) for a one-storey layout, ranking in the top 5% city-wide for size. It suits buyers looking for a move-in ready home in a family-oriented, newer suburb who also appreciate a property with a demonstrated history of value retention and growth. It’s particularly suited for those who prioritize single-level living or want a main-floor primary bedroom, and for value-conscious buyers who see the strong assessment as a marker of stability.
Frequently Asked Questions
1. What does the "Top 0% in Winnipeg" assessment ranking actually mean?
It means the property's municipal assessed value of $128,200 is higher than 100% of compared homes in Winnipeg. This doesn't dictate market price, but it strongly suggests the city views this property as being in an elite tier for its assessed value, which can be a positive indicator for property taxes relative to value and long-term equity.
2. The home was last sold in 2021. Is there a reason to be concerned?
Not necessarily. The 2021 sale price was $150,000 above the current assessed value, which was near a market peak. The current high assessment against that sale price may indicate the property held its value better than many through subsequent market adjustments.
3. The year built (2013) ranks lower than the size and value metrics. Is that an issue?
This is a relative measure. Being newer than only 23% on its street simply means most nearby homes were built more recently, which is common in a developing suburb. The key is that a 13-year-old home is still modern, likely with updated building standards, and past any initial "new home" settling issues.
4. Who would this one-storey layout not suit?
Buyers who need multiple bedrooms on separate floors for privacy, or those who prefer the distinct separation of living and sleeping spaces that a two-storey home provides, might find the layout less ideal. It's perfect for accessibility or single-level living preferences.
5. The lot is large, but what about the neighbourhood feel?
Bridgwater Lakes is known for its ponds and pathways. A large lot here offers more private outdoor space while still providing access to the community's manicured, walkable amenities. It balances privacy with the connected feel of a planned community.