Property Summary: 220 Lake Bend Road
Section 1: Key Characteristics & Appeal
This well-appointed one-storey home in Bridgwater Lakes is defined by its modern convenience and strong market position. Built in 2017, it offers move-in-ready appeal with a renovated basement and desirable amenities like a pool and attached garage. The property stands out for its generous 7,276 sqft lot, which is larger than 80% of others on the street, providing ample outdoor space.
Its primary appeal lies in a combination of recent construction, significant lot size, and proven value appreciation. The home’s assessed value of $1,020,000 places it in the top tier for Winnipeg, and its 2021 sale price of $1,150,000 suggests a history of strong market performance. This is a property for buyers seeking a low-maintenance, single-level layout in a sought-after newer community, without compromising on yard space. It would suit professionals or empty-nesters looking for modern finishes, recreational amenities (the pool), and a property that holds a competitive edge in both its immediate neighbourhood and the broader city market. A thoughtful perspective is that while the living area is moderately sized for the street, the investment value is bolstered by the premium lot and the home’s relative newness, offering a balance of livability and solid asset growth.
Section 2: Frequently Asked Questions
1. How does the lot size compare to typical properties in Winnipeg?
The lot is 7,276 sqft, which is larger than 85% of all residential properties in Winnipeg, making it a significant feature for a newer home.
2. What does the sold price history indicate?
The home sold for $1,150,000 in September 2021. When compared to its current assessed value, this history provides a concrete benchmark of its market value in recent years.
3. Is the living space large for the area?
At 2,004 sqft, the living area is fairly typical for the Bridgwater Lakes neighbourhood, ranking near the middle. The home’s value is more distinguished by its lot size, assessed value, and modern build year.
4. How does the build year affect this home?
Built in 2017, the home is newer than 94% of properties in Winnipeg. This suggests modern building standards, less immediate need for major updates, and potentially lower maintenance costs in the near term.
5. What is the neighbourhood context of this property?
It sits in Bridgwater Lakes, a modern community. The data shows the property ranks highly within its own neighbourhood for assessed value (top 9%) and lot size (top 20%), indicating it is a premium offering within an already desirable area.