18 Millbank Avenue

Bridgwater Forest, Winnipeg

Property score

87.3

Excellent

Overall 87.3 · Larger but older than most nearby homes

2,432 sqft (top 16%) · Built in 2008 (3 yrs older than avg)

Located in a high-income area with median household income of ~109k

Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 2 parks nearby

Living Area

Above average

18% larger than neighborhood avg.

Year Built

Below average

3 yrs older than neighborhood avg.

Mother tongue

English · 43%Chinese · 22%

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

Sold Count

604

Median price

666k

$/sqft

$295/sqft

Avg build year

2011

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Property score

87.3 is composed by the two sections below.

Property Score

89.1Excellent
Living Area96
2,432 sqftExcellent
Year Built90
2008Excellent
Lot Size60
4,783 sqftFair
Neighbourhood Sales Activity89
Excellent

Community Score

84.5Excellent
Household Income88
Excellent
Education Level91
Excellent
Housing Stress52
Fair
Core Housing Need88
Excellent
Employment Health83
Excellent

Neighbourhood Sales

Bridgwater Forest

How to read: Share of sales in each ~$50k price band for “bridgwater forest” (Detached houses (non-condo), 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: #46111255

Community deep dive

$109K

Median household income

$224K

Average household income

15%

Low income (LIM-AT)

0.4

Income inequality (Gini)

5.1

P90 / P10 ratio

16%

Single-person households

41%

Families with children

Population, labour & age

Population (2021)5,076
Labour force participation rate74%
Median age33.6
Avg household size3.0
Unemployment rate8%
Population density3057 / km²

Households & income

Low income (LIM-AT, % pop.)15%
Single-person households16%
Couple families with children41%
Median household income (2020)$109K

Housing

Renter households23%
Condominium dwellings26%
Median dwelling value (owners)$552K

Diversity, education & language

Immigrants (share of pop.)44%
Visible minority60%
Bachelor's or higher (25–64)58%
Mother tongue (1st)English · 42%
Mother tongue (2nd)Chinese · 22%

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

Rankings

Living Area

Elite
2,432 sqft
0255075100
Same streetTop 40%Same areaTop 16%CitywideTop 3%
Same street · Millbank Avenue
#4 / 10
Top 40% · Avg 2,289 sqft
Same area · Bridgwater Forest
#178 / 1,121
Top 16% · Avg 2,053 sqft
Citywide · Winnipeg
#6,734 / 194,458
Top 3% · Avg 1,342 sqft

Tax-Assessed Value

Elite
654k
0255075100
Same streetBottom 40%Same areaTop 39%CitywideTop 5%
Same street · Millbank Avenue
#6 / 10
Bottom 40% · Avg 647.1k
Same area · Bridgwater Forest
#441 / 1,121
Top 39% · Avg 684.1k
Citywide · Winnipeg
#10,125 / 194,458
Top 5% · Avg 390.1k

Year Built

above average
2008
0255075100
Same streetTop 20%Same areaBottom 3%CitywideTop 13%

Lot Size

around average
4,783 sqft
0255075100
Same streetTop 40%Same areaBottom 34%CitywideBottom 39%

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

18 Millbank Avenue — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 156 m).

Search radius
🌳Parks2

Crime & Safety

Bridgwater Forest · WPS public data · 2026

Annual incidents

7

2026

vs. city avg

-76%

relative to avg

Year-over-year

-91%

vs. prior year

Primary type

Property

100%

Sales History

Sold 9/2021CA$600k–650k
Sold price

Same street

Top 33%

Same area

Top 37%

City-wide

Top 6%
Sold 10/2019CA$500k–550k
Sold price

Same street

Bottom 22%

Same area

Bottom 37%

City-wide

Top 12%

Related homes

Highlights & common questions: 18 Millbank Avenue, Winnipeg

Property Overview

This two-storey home in Bridgwater Forest, built in 2008, presents a compelling opportunity for buyers seeking space and value in a modern Winnipeg neighbourhood. Its key appeal lies in the combination of a generous 2,432 sqft living area and a large 4,783 sqft lot, offering room to grow. While the basement is unfinished, this allows for customization to suit the new owner's needs. The home's attached garage and relatively recent build date add to its practical, move-in-ready foundation.

The property is particularly well-suited for growing families or value-conscious buyers who prioritize square footage and lot size over a fully renovated state. Its rankings show a interesting profile: while it's newer and larger than most homes in Winnipeg overall, it is one of the older properties within the Bridgwater Forest area itself. This suggests a chance to acquire a spacious home in a sought-after, newer community at a potentially accessible price point, with the understanding that some updates or finishing may be desired over time.


Frequently Asked Questions

Q: How does this home compare to others in Bridgwater Forest?
A: It offers above-average living space for the neighbourhood but is one of the older homes in this relatively new community. This can represent a value proposition, providing size and established landscaping at a different price point than a brand-new build.

Q: What does the "unfinished basement" entail?
A: The basement is complete but not renovated, meaning it has bare walls, concrete floors, and an open ceiling. This is a significant blank canvas, allowing you to design and finish the space to your exact specifications, whether for recreation, extra bedrooms, or a suite.

Q: The assessed value seems low. Is that accurate?
A: The assessed value is for municipal tax purposes and is not a direct indicator of market value. It's best to compare recent sale prices of similar homes in the area. This home last sold in 2021 for $362,500.

Q: Is the lot size a significant feature?
A: Yes. At nearly 4,800 sqft, the lot is larger than many in newer subdivisions. This provides ample private outdoor space for play, gardening, or future additions like a deck or patio, which is a premium in modern neighbourhoods.

Q: The home ranks lower for "year built" in the neighbourhood. Is that a concern?
A: Not necessarily. Being built in 2008 means major components like the roof, windows, and furnace are likely still in good condition but may be approaching the age where planned replacement should be considered in your budgeting. It also means the home's layout and style are still contemporary.