51 Lake Bend Road

Property Summary: 51 Lake Bend Road, Bridgwater Lakes

Section 1: Key Characteristics & Appeal

This modern two-storey home, built in 2016, sits on a generous 6,151 sqft lot in the sought-after Bridgwater Lakes neighbourhood. Its key features include a renovated basement and an attached garage. The home’s primary appeal lies in its balance of contemporary living within a well-established community.

The property’s standout characteristic is its strong position in city-wide metrics. It ranks in the top 7% of Winnipeg for the newness of its build (2016) and the top 6% for its assessed value, suggesting a solid, modern foundation with favourable official valuation. The lot size is also notably larger than average for the street. Recent sale prices show steady appreciation, indicating a history of solid market performance.

This home would suit buyers looking for a move-in-ready property in a newer suburb without the premium of a brand-new build. It’s ideal for growing families or professionals who value space, modern amenities, and a community with mature infrastructure. The renovated basement adds immediate functional space for entertainment, a home office, or guests. A thoughtful perspective: its high city-wide rankings for value and age, paired with mid-tier street rankings, could represent a "best of both worlds" opportunity—offering premium community benefits without the absolute peak price point of the most exclusive lots.

Section 2: Frequently Asked Questions

1. How does the lot size compare to others in the area?
At 6,151 sqft, the lot is larger than 53% of properties on Lake Bend Road, offering more outdoor space than many of its immediate neighbours.

2. What does the recent sale history indicate?
The home sold for $650,000 in November 2024, up from $640,000 in June 2021. This indicates a pattern of steady value retention and modest appreciation over the last few years.

3. Is the property assessed above or below its recent sale price?
The assessed value is significantly lower at $62,700. It’s important to note that municipal assessments for tax purposes often differ from current market value, which is better reflected by the recent sale price.

4. How modern is this home compared to Winnipeg overall?
Built in 2016, the home is newer than 93% of properties in Winnipeg, placing it in the top 7% city-wide for the age of the build.

5. What is the neighbourhood ranking for this property?
The home ranks in the top 35% of its neighbourhood (Bridgwater Lakes) for lot size and the top 28% for the newness of its construction, positioning it as an above-average property within an already desirable community.