247 Lake Bend Road

Property Overview

This two-storey home on a generous lot in Bridgwater Lakes is a modern, low-maintenance property built in 2014. Its key appeal lies in its balance of contemporary construction and established community living. The home features a renovated basement and a detached garage, situated on a quiet street. The data suggests it offers solid value within Winnipeg, ranking highly for its newer build year and above-average living space compared to the wider city. However, its value proposition is more nuanced within its immediate, desirable neighbourhood, where it presents as a competitively priced entry point into the area.

Key Characteristics & Ideal Buyer

The home’s primary characteristics are its modern age (2014), renovated basement, and detached garage on a near-5,000 sqft lot. Its living area of 1,679 sqft is spacious for a young family or couple. The appeal is grounded in move-in readiness with recent updates, and the stability of a 12-year-old home where major systems are likely still in good condition but any initial new-build quirks have been resolved.

It would suit first-time buyers or young families looking for a modern home in a sought-after, master-planned community without the premium price of a brand-new build. It’s also a practical fit for those who value a detached garage and the potential of a finished basement for extra living space, but who don’t require the largest home on the block. A thoughtful perspective is that this property represents a "second-owner opportunity"—benefiting from the initial owner’s investments and upgrades, while still offering a long-term living horizon before significant components like the roof or major appliances might need replacement.

Frequently Asked Questions

1. How does this home compare to others in Bridgwater Lakes?
The home is newer than most in Winnipeg, but is of average age for this specific neighbourhood. Its lot and living space are on the more modest end for Bridgwater Lakes, which is reflected in its assessed value ranking in the bottom quarter locally. This can mean a more accessible price point in a premium area.

2. What does the sold price history indicate?
It last sold in October 2017 for $43.5k. The significant increase to its current $54.4k assessment likely reflects market appreciation, the basement renovation, and general improvements over the past seven years.

3. Is the detached garage a standard feature here?
In newer neighbourhoods like Bridgwater Lakes, attached garages are very common. A detached garage offers flexibility for a workshop or reduces noise transfer to the house, but may be less convenient in winter.

4. What are the implied advantages of a 2014 build?
Homes from this era incorporate modern building codes and energy efficiency standards, and likely have contemporary floor plans with open-concept living. They are past the initial "shrinkage and settling" phase of a new build.

5. The lot is large, but how is the ranking "better than 10% in same street" interpreted?
This statistic indicates that approximately 90% of the lots on Lake Bend Road are larger. While the lot is a good size overall, it is one of the smaller ones on its specific street, which may affect ultimate backyard size or privacy relative to direct neighbours.