Property Overview: 111 Lake Bend Road, Bridgwater Lakes
Key Features & Ideal Buyer Profile
This two-storey home in Bridgwater Lakes presents a compelling blend of modern living and established value. Built in 2014, it offers a spacious 2,376 sqft interior on a generous 5,905 sqft lot, with key features including an attached garage and a renovated basement. Its appeal lies in its strong positioning within a desirable, relatively new community. The home ranks consistently above average for Winnipeg in size, assessed value, and recent sale price, suggesting a premium property within a premium area. Notably, its last sale in late 2023 was significantly higher than its 2020 price, indicating robust value appreciation in recent years.
This property is well-suited for buyers seeking a move-in ready, modern family home in a master-planned neighbourhood. It would particularly appeal to those who value space, a renovated lower level for family or entertainment, and a home that stands in the top tier of the city for both living area and assessed value. A thoughtful perspective for potential buyers is to consider the balance of lot size; while the home itself is larger than most in Winnipeg, the lot is more average for its immediate street, suggesting the value is heavily in the structure and finishes. It’s an ideal fit for professionals or growing families looking for a low-maintenance, contemporary community with the perks of newer construction, without being the newest on the block.
Frequently Asked Questions
1. How does this home compare to others in Bridgwater Lakes?
The home ranks in the top 20% for living area and top 21% for assessed value within the Bridgwater Lakes neighbourhood, placing it firmly above average. It is a larger, higher-value home within this sought-after community.
2. What does the sale history indicate about the property's value?
The sale history shows strong appreciation, especially between 2020 and 2023. This trend suggests the home has kept pace with or exceeded market gains in the area, reflecting its desirability.
3. Is the lot size typical for the area?
At just under 6,000 sqft, the lot is larger than 73% of properties on Lake Bend Road itself. However, within the wider Bridgwater Lakes neighbourhood, it is a more standard size. The premium is in the home's footprint and finishes.
4. What is the significance of the "renovated basement"?
While specific details aren't provided, a renovated basement in a 10-year-old home typically indicates updated living space that adds immediate functional square footage, such as a rec room, home office, or additional bedroom suite, without the need for future investment.
5. How does the assessed value relate to the likely asking or sale price?
The assessed value of $730k is a municipal valuation for tax purposes. The home last sold for $768k in December 2023, which is a more current indicator of its market value. Any listing price would likely be influenced by this recent sale and current market conditions.