Property Overview: 108 Lake Forest Road, Bridgwater Forest
Section 1: Key Characteristics & Appeal
This two-storey home in the sought-after Bridgwater Forest community offers a compelling blend of space, modern updates, and established neighbourhood living. Built in 2009, it sits on a generous 4,819 sqft lot and features a renovated basement and an attached garage. With 2,426 sqft of living space, it ranks notably larger than most homes in Winnipeg, providing ample room for family life.
Its primary appeal lies in its balanced position within a mature, planned community. The home is not the newest on the street, but it is newer than the vast majority in the wider city, offering a settled-in feel without dated infrastructure. The renovated basement adds immediate functional value. The property suits buyers looking for a move-in ready family home in a prime suburban area—particularly those who value space over a brand-new build, and who appreciate a neighbourhood with established landscaping and amenities. A thoughtful perspective is its potential for equity stability; it’s past the initial depreciation of a brand-new home but sits in a consistently high-demand area, representing a solid middle-ground investment.
Section 2: Frequently Asked Questions
1. How does this home compare to others in Bridgwater Forest?
The home ranks in the top tier for living space within the neighbourhood (top 12%) and is newer than about 89% of area homes, placing it as a spacious, relatively modern option in the community.
2. What is the significance of the assessed value versus the last sale price?
The current assessed value is $70,200, while it last sold in 2018 for $363,800. It’s important to understand that municipal assessed value for tax purposes is typically much lower than market value and should not be used as a direct indicator of listing or sale price.
3. Is the lot size typical for the area?
At 4,819 sqft, the lot is above average for Lake Forest Road (top 41%) and provides a good outdoor space ratio for the neighbourhood.
4. What might the renovated basement include?
The listing confirms the basement is renovated but does not specify details. This would be a key point to clarify with the listing agent regarding the finish, layout, and permitted uses.
5. How established is the surrounding area?
With the home being 17 years old and the neighbourhood development starting around that time, the area is well-established with mature trees and settled streetscapes, unlike newer subdivisions still under development.