23 Park Valley Road

Bridgwater Forest, Winnipeg

Property score

88.9

Excellent

Overall 88.9 · Larger and newer than most nearby homes

2,344 sqft (top 25%) · Built in 2012 (1 yr 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: 1 school nearby

Living Area

Above average

14% larger than neighborhood avg.

Year Built

Above average

1 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

88.9 is composed by the two sections below.

Property Score

91.9Excellent
Living Area2,344 sqft96Excellent
Year Built201294Excellent
Lot Size5,871 sqft74Good
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
2,344 sqft
0255075100
Same streetTop 42%Same areaTop 25%CitywideTop 4%
Same street · Park Valley Road
#29 / 69
Top 42% · Avg 2,257 sqft
Same area · Bridgwater Forest
#283 / 1,121
Top 25% · Avg 2,053 sqft
Citywide · Winnipeg
#8,466 / 194,458
Top 4% · Avg 1,342 sqft

Tax-Assessed Value

Elite
729k
0255075100
Same streetTop 30%Same areaTop 23%CitywideTop 3%
Same street · Park Valley Road
#21 / 69
Top 30% · Avg 757.1k
Same area · Bridgwater Forest
#263 / 1,121
Top 23% · Avg 684.1k
Citywide · Winnipeg
#6,351 / 194,458
Top 3% · Avg 390.1k

Year Built

above average
2012
0255075100
Same streetTop 7%Same areaTop 19%CitywideTop 10%

Lot Size

around average
5,871 sqft
0255075100
Same streetTop 41%Same areaTop 40%CitywideTop 36%

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

23 Park Valley Road — 1 amenities found within 500 m, across 1 categories, including 1 education (nearest 375 m).

Search radius
🏫Education1

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 7/2022CA$700k–750k
Sold price

Same street

Top 24%

Same area

Top 15%

City-wide

Top 2%
Sold 9/2017CA$550k–600k
Sold price

Same street

Bottom 21%

Same area

Bottom 47%

City-wide

Top 10%

Related homes

Highlights & common questions: 23 Park Valley Road, Winnipeg

Property Overview

This two-storey home in Bridgwater Forest is a modern, well-maintained property built in 2012. Its primary appeal lies in a combination of above-average size, a desirable location within a newer community, and strong value retention. The home sits on a large lot (5,871 sqft) and offers generous living space (2,344 sqft), ranking in the top third for size both on its street and in Winnipeg. A key feature is the renovated basement, adding immediate functional living space. The property’s assessed value has shown consistent and significant growth since its last resale in 2017, indicating a solid investment history. It suits buyers looking for a move-in ready family home in a sought-after neighbourhood, particularly those who value space, modern amenities, and a property that has outperformed many of its local and city-wide peers in appreciation.

Key Considerations & FAQs

1. What does the "ranking" data actually mean for a buyer?
The rankings show this property consistently performs above average. For example, it's newer than 93% of homes on its street and larger than 96% of homes in Winnipeg. This suggests you're getting a relatively modern and spacious home for the area, which can be a advantage for both livability and future resale.

2. The assessed value is $72.90k, but it sold for $74.80k in 2022. Why is that?
In Manitoba, the assessed value is for municipal tax purposes and is often lower than market value. The 2022 sale price is a clearer indicator of its recent market worth. The fact that the sale price was higher than the assessed value at that time is common.

3. Has this property been a good investment for the past owners?
The data suggests strong appreciation. It sold for $56.50k in 2017 and then for $74.80k in 2022—a significant increase over five years. This growth rate outperformed the majority of homes in Winnipeg, as shown by its high ranking for the 2022 sale price.

4. What is the neighbourhood (Bridgwater Forest) like?
Bridgwater Forest is a master-planned community in southwest Winnipeg known for newer homes, parks, trails, and ponds. The high rankings for this property within the neighbourhood indicate it is among the larger, newer, and more valuable homes in an already popular area.

5. Are there any obvious drawbacks based on this data?
The data doesn't show major drawbacks, but a thoughtful perspective might note that a home built in 2012 could be approaching the age where some original components (like appliances, HVAC, or roof) may need attention or updating sooner than a brand-new build. Its high ranking for size also means correspondingly higher utility and maintenance costs compared to smaller homes.

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