Property Summary: 107 Lake Bend Road, Bridgwater Lakes
Key Characteristics & Appeal
This is a spacious, modern two-storey home in the popular Bridgwater Lakes neighbourhood. Built in 2016, it offers nearly 2,900 sqft of living space on a large 6,000+ sqft lot, with an attached garage and a renovated basement. The home’s standout feature is its impressive scale relative to its surroundings; it ranks in the top 4% of its street and top 3% of its neighbourhood for living area, offering more interior space than most nearby properties. Its assessed value is also notably high, placing it in the top 2% citywide, which suggests above-average finishes and condition.
The appeal lies in acquiring a relatively new, low-maintenance home that already has a renovated basement, providing immediate move-in readiness. Its size and value rankings indicate it’s a "larger-than-average" home in a desirable, established area, offering both room to grow and a sound investment profile. This property would best suit growing families or professionals seeking a modern, spacious home in a community with amenities, without the wait and uncertainty of a new build. A thoughtful perspective is that while the home is newer, the 2016 build date means major components are approaching a decade old, so buyers should factor in upcoming lifecycle maintenance (like HVAC or appliance updates) despite the overall modern feel.
Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The home was last sold in August 2017 for $740,000. Its current assessed value is $813,000. This significant increase reflects market appreciation and any renovations completed since purchase, notably the basement renovation mentioned.
2. What do the "rank" percentages actually mean?
They show how this property compares to others. For example, "Better than 96% in same street" for living area means only 4% of homes on Lake Bend Road are larger. These metrics highlight this home’s standout size and value within its immediate context.
3. Is the lot size typical for Bridgwater Lakes?
At 6,087 sqft, the lot is above average for the street (better than 67% of neighbours) but more middle-of-the-pack in the wider neighbourhood. This suggests a good balance of yard space without being an outlier.
4. The home is newer, but what should I consider regarding its age?
Built in 2016, major systems like the furnace, roof, and water heater are likely original and may be nearing the end of their typical service life (10-15 years). A thorough inspection is recommended to anticipate near-future capital expenses.
5. What is indicated by the nearby and similarly valued comparison properties?
The listed nearby homes are all on the same or adjacent streets, confirming a consistent, established area. The "similar assessed value" properties are scattered across different neighbourhoods, indicating this home’s value is on par with premium homes in other parts of Winnipeg, underscoring its solid market position.