189 Park Valley Road

Bridgwater Forest, Winnipeg

Property score

89.2

Excellent

Overall 89.2 · Compared with neighbourhood average

2,058 sqft (bottom 47%) · Built in 2011

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: 1 school, and 1 place of worship nearby

Living Area

Near average

0% larger than neighborhood avg.

Year Built

Near average

0 yrs newer 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

89.2 is composed by the two sections below.

Property Score

92.4Excellent
Living Area2,058 sqft94Excellent
Year Built201194Excellent
Lot Size6,583 sqft85Excellent
Neighbourhood Sales Activity89Excellent

Community Score

84.5Excellent
Household Income88Excellent
Education Level91Excellent
Housing Stress52Fair
Core Housing Need88Excellent
Employment Health83Excellent

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

above average
2,058 sqft
0255075100
Same streetBottom 29%Same areaBottom 47%CitywideTop 9%
Same street · Park Valley Road
#49 / 69
Bottom 29% · Avg 2,257 sqft
Same area · Bridgwater Forest
#589 / 1,121
Bottom 47% · Avg 2,053 sqft
Citywide · Winnipeg
#18,455 / 194,458
Top 9% · Avg 1,342 sqft

Tax-Assessed Value

Elite
820k
0255075100
Same streetTop 22%Same areaTop 16%CitywideTop 2%
Same street · Park Valley Road
#15 / 69
Top 22% · Avg 757.1k
Same area · Bridgwater Forest
#181 / 1,121
Top 16% · Avg 684.1k
Citywide · Winnipeg
#4,018 / 194,458
Top 2% · Avg 390.1k

Year Built

above average
2011
0255075100
Same streetBottom 35%Same areaTop 34%CitywideTop 10%

Lot Size

above average
6,583 sqft
0255075100
Same streetTop 29%Same areaTop 24%CitywideTop 21%

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

189 Park Valley Road — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 403 m).

Search radius
🏫Education1
Worship1

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 6/2017CA$800k–850k
Sold price

Same street

Top 12%

Same area

Top 9%

City-wide

Top 2%

Related homes

Highlights & common questions: 189 Park Valley Road, Winnipeg

Property Overview: 189 Park Valley Road, Bridgwater Forest

Key Characteristics & Appeal

This 2011-built, single-storey home in the sought-after Bridgwater Forest neighbourhood presents a compelling blend of space, location, and established value. Sitting on a large 6,583 sqft lot—ranking in the top third for size on its street—the property offers ample outdoor space. The 2,058 sqft living area is notably spacious, placing it in the top 8% of homes across Winnipeg for size. A key feature is the renovated basement, adding functional living space, and the convenience of an attached garage.

Its primary appeal lies in its strong market position within a modern community. The assessed value of $820k ranks in the top 2% city-wide and top 12% within Bridgwater Forest, indicating a premium property for the area. This isn't a speculative value; it's corroborated by its last sale price in 2017, which was also $820k, suggesting a stable and sustained valuation. The home suits buyers looking for a move-in ready, spacious family home in a newer suburb without the premium of a brand-new build. It’s ideal for those who value neighbourhood amenities, larger lot sizes, and a property with a proven value history over the past several years.

Frequently Asked Questions

1. What does the "ranking" data actually mean?
The percentile rankings (e.g., "Top 8%") compare this specific property metric against all other homes in Winnipeg, its neighbourhood, and its street. They provide a quick, data-driven snapshot of how it measures up in terms of lot size, living area, and value relative to its peers.

2. The assessed value hasn't changed since 2017. Is that a concern?
Not necessarily. It indicates the property was accurately valued at that time and has maintained that market position. In a stable or moderately appreciating market, a consistent assessment can reflect solid, non-speculative value. It's a point for discussion with your agent regarding recent comparable sales.

3. Who is the typical buyer for this home?
This home is well-suited for growing or established families seeking the space and community amenities of Bridgwater Forest. The single-storey layout may also appeal to buyers planning for long-term accessibility. It targets those who prefer a home that's past its initial "settling" phase but is still modern.

4. How does the lot size compare to newer builds in the area?
At over 6,500 sqft, the lot is significantly larger than many found in newer subdivisions today, where lots are often narrower and deeper. This is a distinct advantage, offering more usable backyard space and greater privacy.

5. What should I investigate about the renovated basement?
It's important to verify the scope of the renovation, whether permits were obtained, and the quality of the finish. A professionally renovated basement adds valuable living space, but understanding the details of the work done is crucial for due diligence.

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