Property Summary: 31 Lake Bend Road, Bridgwater Lakes
Section 1: Key Characteristics & Appeal
This two-storey home in the sought-after Bridgwater Lakes community presents a compelling blend of space, location, and modern convenience. Built in 2013, its key feature is a generously renovated basement, adding significant liveable square footage to the already spacious 2,346 sqft main living area. The home sits on a large lot (over 6,150 sqft), providing ample outdoor space that ranks well above average for the street and neighbourhood.
The appeal lies in its established yet modern feel within a newer community. The property’s assessed value ranks in the top 3% city-wide, indicating strong underlying value and desirability. Its lot size and living space are notably larger than many nearby comparables, offering a sense of rarity for the area. This home would suit growing families or professionals seeking a move-in ready property with room to grow, particularly those who value a finished lower level for entertainment, guests, or a home office. It’s also a solid option for buyers who prioritize a property with metrics—like lot size and assessed value—that stand out positively against most of Winnipeg.
Section 2: Frequently Asked Questions
1. How does the 2016 sale price compare to today's likely value?
The home last sold for $570,000 in late 2016. Given the substantial increase in its assessed value since then and strong rankings against current city-wide data, it is positioned in a higher value tier today, reflecting market appreciation and the completed basement renovation.
2. Is the lot size typical for Bridgwater Lakes?
No, the lot is a standout feature. At over 6,150 sqft, it is larger than 55% of lots on Lake Bend Road and 66% within Bridgwater Lakes, offering more private outdoor space than many newer community properties.
3. The home is 13 years old. How does that compare to the neighbourhood?
Bridgwater Lakes is a relatively new community. While this home is older than 77% of houses on its specific street, it is newer than 90% of all homes in Winnipeg, striking a balance between established landscaping and modern construction standards.
4. What does the high assessed value ranking mean?
An assessed value ranking in the top 3% in Winnipeg and top 19% in the neighbourhood suggests the municipal assessment views this property as being among the more valuable homes, which often correlates with desirable features, condition, and location.
5. Are the nearby "similar value" properties comparable in style and area?
The listed properties with similar assessed values are located in various neighbourhoods across Winnipeg. This indicates that 31 Lake Bend Road offers a value proposition competitive with homes in other established areas, but within the specific, popular setting of Bridgwater Lakes.