2 Deer Ridge Bay

Bridgwater Forest, Winnipeg

Property score

88.3

Excellent

Overall 88.3 · Newer than most nearby homes

2,274 sqft (top 35%) · Built in 2015 (4 yrs newer 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: 3 dining spots, 2 healthcare facilitys, 2 shops, and 2 bank/ATMs nearby

Living Area

Near average

11% larger than neighborhood avg.

Year Built

Above average

4 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

88.3 is composed by the two sections below.

Property Score

90.9Excellent
Living Area2,274 sqft96Excellent
Year Built201594Excellent
Lot Size5,326 sqft67Good
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

Elite
2,274 sqft
0255075100
Same streetTop 38%Same areaTop 35%CitywideTop 5%
Same street · Deer Ridge Bay
#11 / 29
Top 38% · Avg 2,053 sqft
Same area · Bridgwater Forest
#392 / 1,121
Top 35% · Avg 2,053 sqft
Citywide · Winnipeg
#10,463 / 194,458
Top 5% · Avg 1,342 sqft

Tax-Assessed Value

above average
643k
0255075100
Same streetTop 41%Same areaTop 44%CitywideTop 6%
Same street · Deer Ridge Bay
#12 / 29
Top 41% · Avg 616.8k
Same area · Bridgwater Forest
#498 / 1,121
Top 44% · Avg 684.1k
Citywide · Winnipeg
#10,930 / 194,458
Top 6% · Avg 390.1k

Year Built

above average
2015
0255075100
Same streetTop 21%Same areaTop 6%CitywideTop 7%

Lot Size

around average
5,326 sqft
0255075100
Same streetTop 48%Same areaBottom 49%CitywideTop 47%

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

2 Deer Ridge Bay — 12 amenities found within 500 m, across 6 categories, including 3 dining (nearest 234 m), 2 healthcare (nearest 329 m), 2 shopping (nearest 263 m).

Search radius
🍽️Dining3
🏥Healthcare2
🛒Shopping2
🏦Finance2
Fuel Stations1
Worship2

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 12/2023CA$650k–700k
Sold price

Same street

Top 27%

Same area

Top 30%

City-wide

Top 5%
Sold 3/2021CA$550k–600k
Sold price

Same street

Bottom 27%

Same area

Top 49%

City-wide

Top 9%

Related homes

Highlights & common questions: 2 Deer Ridge Bay, Winnipeg

Property Overview

This two-storey home in Bridgwater Forest is a modern, low-maintenance property built in 2015. Its primary appeal lies in its strong position within a newer, sought-after neighbourhood, offering a move-in-ready canvas. The home sits on a generous 5,326 sqft lot and features 2,274 sqft of living space, which ranks notably above average for Winnipeg. With an attached garage and an unfinished basement, it provides both immediate comfort and future potential for customization.

The property suits first-time buyers or young families looking for a modern home in a community with newer infrastructure, without the premium of a brand-new build. It also appeals to practical buyers who value data-driven decisions, as the home consistently ranks in the top tiers of Winnipeg for living space and assessed value, suggesting a solid investment in a desirable area.

Key Questions & Considerations

1. What is the neighbourhood like?
Bridgwater Forest is a master-planned, family-oriented community in southwest Winnipeg. It features newer schools, extensive walking paths, and parks. The property itself is on a quiet bay, with neighbours in very close proximity, as indicated by the nearby property distances.

2. Why is the assessed value so much lower than the recent sale price?
The assessed value ($64.30k) is for municipal tax purposes only and is not an indicator of market value. The recent sale in December 2023 was for $650,000, which is the relevant figure for understanding current market worth.

3. What does the sale history tell us?
The home sold for $580,000 in March 2021 and then $650,000 in December 2023. This shows significant appreciation over a short period, reflecting both market conditions and the desirability of the area. Buyers should investigate current market trends to see if this growth trajectory is sustainable.

4. Is the basement ready to use?
The basement is noted as "not renovated," meaning it is unfinished. This is a project for a future owner but also represents an opportunity to add value and tailor the space to specific needs without paying a premium for a prior owner's finish choices.

5. How does this home compare to others nearby?
The data shows this home is newer than 92% of properties in Winnipeg and has more living space than 95% of them. On its specific street, it ranks well for size and year built. This suggests you are getting a relatively modern and spacious home for the city, even if it's mid-range on its own block.

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