23 Burbank Point

Bridgwater Forest, Winnipeg

Property score

90.7

Excellent

Overall 90.7 · Compared with neighbourhood average

2,225 sqft (top 39%) · Built in 2010 (1 yr older than avg)

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

Transit 74.0 · 2-min walk to transit with 2 nearby routes

Living Area

Near average

8% larger than neighborhood avg.

Year Built

Below average

1 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

90.7 is composed by the two sections below.

Property Score

94.8Excellent
Living Area2,225 sqft96Excellent
Year Built201090Excellent
Lot Size12,294 sqft98Excellent
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
2,225 sqft
0255075100
Same streetTop 50%Same areaTop 39%CitywideTop 6%
Same street · Burbank Point
#4 / 8
Top 50% · Avg 2,118 sqft
Same area · Bridgwater Forest
#439 / 1,121
Top 39% · Avg 2,053 sqft
Citywide · Winnipeg
#11,904 / 194,458
Top 6% · Avg 1,342 sqft

Tax-Assessed Value

Elite
669k
0255075100
Same streetTop 13%Same areaTop 35%CitywideTop 5%
Same street · Burbank Point
#1 / 8
Top 13% · Avg 632.4k
Same area · Bridgwater Forest
#388 / 1,121
Top 35% · Avg 684.1k
Citywide · Winnipeg
#9,156 / 194,458
Top 5% · Avg 390.1k

Year Built

above average
2010
0255075100
Same streetBottom 37%Same areaBottom 33%CitywideTop 11%

Lot Size

Elite
12,294 sqft
0255075100
Same streetTop 25%Same areaTop 4%CitywideTop 3%

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

Search radius
No data within 500 m.

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 8/2021CA$600k–650k
Sold price

Same street

Top 50%

Same area

Top 32%

City-wide

Top 5%
Sold 8/2017CA$550k–600k
Sold price

Same street

Bottom 1%

Same area

Bottom 47%

City-wide

Top 10%

Related homes

Highlights & common questions: 23 Burbank Point, Winnipeg

Property Overview: 23 Burbank Point, Bridgwater Forest

Key Characteristics & Appeal

This two-storey home in the popular Bridgwater Forest neighbourhood presents a compelling blend of space, established value, and modern updates. Its key appeal lies in its substantial 12,294 sqft lot, which is larger than 96% of properties in the neighbourhood, offering significant outdoor potential. The 2,225 sqft living area is also well above Winnipeg averages. A recently renovated basement adds functional, modernized space. Built in 2010, the home is past its initial settling period but is still modern, with major systems likely in good condition.

The data reveals a strong and stable investment profile. The current assessed value ranks in the top tier for the city, and the 2021 sale price sits well above both the 2017 purchase price and the assessment, indicating a history of value growth. This home would suit buyers looking for a move-in ready property in a master-planned community who prioritize a large yard over a brand-new build. It’s particularly suited for a growing family seeking space to expand, or for a value-conscious buyer who appreciates the finished basement and doesn’t want to undertake major renovations.

Frequently Asked Questions

1. What does the "rank" data actually tell me about this property?
The percentile rankings show how this home compares to others in its immediate street, neighbourhood, and city. For example, being "better than 97% in Winnipeg" for land area means the lot is exceptionally large for the city, a key differentiator.

2. The 2021 sale price is much higher than the current assessed value. Why is that?
Assessed value for tax purposes often lags behind market value, especially in a rising market. The 2021 sale is a concrete market transaction, while the assessment is an administrative valuation. This gap can be common and suggests consulting recent comparable sales for the most accurate current market value.

3. The home is newer than 87% of Winnipeg, but only newer than 29% of its neighbourhood. What does this mean?
Bridgwater Forest is a relatively new community. So while the home is modern compared to most of Winnipeg, it is actually one of the older homes within its own subdivision, which is filled with similar-aged properties. This indicates a settled streetscape with mature landscaping.

4. How should I interpret the 2017 vs. 2021 sale prices?
The jump from $565,000 in 2017 to $640,000 in 2021 demonstrates significant equity growth for the previous owner over four years. This historical trend is a positive indicator of the property's and area's market performance.

5. What are the implications of having a renovated basement?
A renovated basement adds immediate liveable square footage, which is reflected in the home's above-average living area rank. It means potential for a rec room, home office, or guest space without the need for a major project, a key advantage over homes with unfinished basements.

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