203 Lake Bend Road

Property Overview: 203 Lake Bend Road

Key Characteristics & Appeal

This 2014 two-storey home in Bridgwater Lakes offers a renovated basement and an attached garage on a nearly 5,000 sqft lot. Its core appeal lies in being a well-maintained, modern home within a sought-after newer community. The data reveals a nuanced position: while the living space (1,494 sqft) is more compact compared to many neighbours, the property excels in its lot size, recent sale price, and overall assessed value, which rank in the top tiers for Winnipeg. This suggests a property that is a solid financial asset in the city, even if it’s not the largest floor plan on its street.

The home would suit first-time buyers or small families looking for a low-maintenance, modern build in a prime community without the premium for maximum square footage. It also appeals to the value-conscious buyer who prioritizes a large yard, updated finishes (as seen in the basement), and strong city-wide valuation metrics over having the biggest house in the immediate area. A thoughtful perspective is that this property represents an efficient entry point into Bridgwater Lakes, offering the community's amenities and newer infrastructure at a relatively accessible point.

Frequently Asked Questions

1. How does this home’s size compare to others in Bridgwater Lakes?
The living area is 1,494 sqft, which is below the neighbourhood average. However, the lot is larger than most, and the home’s assessed and recent sale values are strong for the area, indicating quality and updates may offset the smaller footprint.

2. What does the ranking data actually mean?
The rankings compare this property against others on the same street, in the neighbourhood, and across Winnipeg. For example, its assessed value is in the top 10% city-wide, but its living area is in the bottom 30% for the neighbourhood. This provides context on where the property excels or is more modest.

3. Has the property been recently updated?
The listing confirms a renovated basement. The age of other systems (roof, HVAC) should be verified, as the home is now 12 years old and may be approaching some routine maintenance or replacement intervals.

4. Is the price fair based on recent sales?
The home sold for $456,800 in October 2024. This sale price ranked better than 90% of Winnipeg properties sold, suggesting it was a strong, competitive sale for the city, though it was a more average price within its immediate street and neighbourhood.

5. What is the community of Bridgwater Lakes like?
Bridgwater Lakes is a modern, master-planned community known for its lakes, pathways, and newer amenities. This home is centrally located within it, close to parks and other residences, as indicated by the list of nearby properties on the same road.