418 Park West Drive

Bridgwater Centre, Winnipeg

Property score

82.1

Excellent

Overall 82.1 · Larger but older than most nearby homes

1,402 sqft (top 17%) · Built in 2015 (5 yrs older than avg)

Located in a high-income area with median household income of ~103k

Transit 86.0 · 3-min walk to transit with 4 nearby routes · Within 500m: 1 dining spot, and 1 sports facility nearby

Living Area

Above average

34% larger than neighborhood avg.

Year Built

Below average

5 yrs older than neighborhood avg.

Mother tongue

English · 40%Chinese · 21%

Past 10 years Bridgwater Centre sales snapshot (~80% of all data)

Sold Count

250

Median price

246.4k

$/sqft

$342/sqft

Avg build year

2020

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Property score

82.1 is composed by the two sections below.

Property Score

81.8Excellent
Living Area75
1,402 sqftGood
Year Built94
2015Excellent
Neighbourhood Sales Activity96
Excellent

Community Score

82.5Excellent
Household Income86
Excellent
Education Level91
Excellent
Housing Stress42
Low
Core Housing Need88
Excellent
Employment Health83
Excellent

Neighbourhood Sales

Bridgwater Centre

How to read: Share of sales in each ~$50k price band for “bridgwater centre” (Condos, 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

1,196

sold

1,852

new listings

Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba

Sold Above Asking

65%

Majority sold above asking

68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026

With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111257

Community deep dive

$103K

Median household income

$120K

Average household income

14%

Low income (LIM-AT)

0.3

Income inequality (Gini)

4.4

P90 / P10 ratio

13%

Single-person households

44%

Families with children

Population, labour & age

Population (2021)11,365
Labour force participation rate77%
Median age30.4
Avg household size3.1
Unemployment rate8%
Population density1696 / km²

Households & income

Low income (LIM-AT, % pop.)14%
Single-person households13%
Couple families with children44%
Median household income (2020)$103K

Housing

Renter households21%
Condominium dwellings14%
Median dwelling value (owners)$500K

Diversity, education & language

Immigrants (share of pop.)47%
Visible minority69%
Bachelor's or higher (25–64)58%
Mother tongue (1st)English · 39%
Mother tongue (2nd)Chinese · 20%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
1,402 sqft
0255075100
Same streetBottom 19%Same areaTop 17%CitywideTop 13%
Same street · Park West Drive
#13 / 16
Bottom 19% · Avg 1,635 sqft
Same area · Bridgwater Centre
#65 / 380
Top 17% · Avg 1,044 sqft
Citywide · Winnipeg
#3,530 / 26,841
Top 13% · Avg 1,042 sqft

Tax-Assessed Value

Elite
455k
0255075100
Same streetBottom 6%Same areaTop 14%CitywideTop 5%
Same street · Park West Drive
#15 / 16
Bottom 6% · Avg 524.4k
Same area · Bridgwater Centre
#52 / 380
Top 14% · Avg 318.3k
Citywide · Winnipeg
#1,305 / 26,841
Top 5% · Avg 256.1k

Year Built

above average
2015
0255075100
Same streetTop 6%Same areaBottom 4%CitywideTop 17%

To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

418 Park West Drive — 2 amenities found within 500 m, across 2 categories, including 1 dining (nearest 308 m).

Search radius
🍽️Dining1
💪Sports1

Crime & Safety

Bridgwater Centre · WPS public data · 2026

Annual incidents

12

2026

vs. city avg

-59%

relative to avg

Year-over-year

-89%

vs. prior year

Primary type

Property

50%

Sales History

Sold 10/2024CA$450k–500k
Sold price

Same street

Top 31%

Same area

Top 5%

City-wide

Top 3%
Sold 10/2020CA$350k–400k
Sold price

Same street

Bottom 8%

Same area

Top 17%

City-wide

Top 9%

Related homes

Highlights & common questions: 418 Park West Drive, Winnipeg

Property Overview

This 2015-built home in Bridgwater Centre presents a compelling mix of modern living and established community appeal. Its key characteristics are defined by a renovated basement, a manageable 1,402 sqft living area, and a consistent history of value growth, having sold for $47.5k in 2024 after a $39.2k sale in 2020.

The primary appeal lies in its location within a highly desirable, master-planned neighbourhood. The property ranks in the top 1% on its street and top 0% within both Bridgwater Centre and all of Winnipeg for its area, indicating a premium lot. While the home itself is a comfortable size, the standout feature is the land it sits on within this sought-after community. It would suit first-time buyers or downsizers looking for a modern, low-maintenance home in a top-rated area without the premium for a larger footprint. It also appeals to value-conscious buyers who recognize the long-term equity potential of a prime lot, viewing the house itself as a solid foundation with room for personal updates over time.

Frequently Asked Questions

1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A buyer should verify if it’s a legal suite, a recreational space, or additional bedrooms, and request details on the quality and permits for the work done.

2. The home ranks low for living area on its street. Is it much smaller than its neighbours?
Yes, at 1,402 sqft, it is smaller than 94% of homes on Park West Drive. This suggests the neighbourhood consists of larger homes, making this property a more accessible entry point into the area. It offers the same location benefits with potentially lower utility and maintenance costs.

3. How can the assessed value be $45.5k when it just sold for $47.5k?
Municipal assessed value for tax purposes often lags behind current market values and uses a different calculation method. The recent sale price of $47.5k is a clearer indicator of its current market worth.

4. There is no garage listed. Is there alternative parking?
The listing specifies "Garage: None." Prospective buyers should investigate driveway capacity, visitor parking, and any community bylaws regarding street parking to understand the full parking situation.

5. The value increased significantly from 2020 to 2024. Is this trend reliable?
While the data shows strong appreciation, this period included a unique market surge. The increase highlights the property's desirability, but future growth will depend on broader market conditions and the upkeep of the home and neighbourhood.