Property score
87.7
Excellent
Overall 87.7 · Larger and newer than most nearby homes
2,329 sqft (top 26%) · 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: 2 schools nearby
Living Area
Above average
13% 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)
604
666k
$295/sqft
2011
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87.7 is composed by the two sections below.
Property Score
Community Score
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.
Sales-to-New-Listings
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
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.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111255
$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
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
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.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
31 Park Valley Road — 2 amenities found within 500 m, across 1 categories, including 2 education (nearest 343 m).
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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 36% | Top 44% | Top 7% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 19% | Bottom 43% | Top 11% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
31 Park Valley Road is a modern two-storey home in Winnipeg's Bridgwater Forest neighbourhood. Built in 2012, it sits on a generous 4,524 sqft lot and features 2,329 sqft of living space, an attached garage, and a renovated basement. The home’s appeal lies in its balance of contemporary build, above-average interior space for the area, and a quiet, established street. Its recent sale history shows significant value appreciation, suggesting a well-regarded location.
This property would suit buyers looking for a move-in ready, low-maintenance home in a newer community. It’s particularly fitting for growing families or professionals who prioritize modern amenities and space over being in an older, central neighbourhood. The renovated basement adds flexible living or recreational space, enhancing its practicality.
Key Characteristics & Suitability
The home’s standout feature is its efficient use of space. While the lot size is typical for the street, the living area is notably larger than most homes in Winnipeg, indicating a well-designed floor plan. Its 2012 build date means it benefits from modern construction standards without being brand new, potentially avoiding the quirks of a brand-new build while still feeling contemporary.
Its appeal is grounded in being a solid, above-average offering within its immediate context. It ranks highly for living space and assessed value city-wide, but more modestly within its own street and neighbourhood. This suggests a premium property on a street of other nice homes, appealing to those who want quality without the extreme premium of a top-tier lot. The significant jump in sale price from 2019 to 2023 highlights strong market confidence in this specific property.
The ideal buyer is likely value-conscious but not budget-constrained, seeking a family-friendly home in a planned community. They would appreciate the low exterior maintenance of a newer home and the added bonus of a finished basement, avoiding immediate renovation projects.
Frequently Asked Questions
1. How does this home compare to others on Park Valley Road?
The data shows it has a larger-than-average living area for the street but a fairly typical lot size. It is a newer build on the street, ranking in the top 7% by year built. The most recent sale price was in the top quarter for the street, indicating it is perceived as a premium property on this road.
2. What does the "renovated basement" likely include?
While specific finishes aren't listed, the term "renovated" typically means the basement has been professionally finished into livable space, which may include bedrooms, a family room, or a recreational area. It is a key value-add feature.
3. Has the property value increased?
Yes. Public sale records show it sold for $552,000 in August 2019 and then for $600,000 in March 2023. This represents solid appreciation over that period.
4. Is Bridgwater Forest a mature neighbourhood?
As a community with homes built largely in the 2010s, it is considered established but not mature in the traditional sense. Landscaping will be settled, but the area retains a newer, planned community feel with modern amenities and infrastructure.
5. Why is the assessed value much lower than the sale price?
This is common. The municipal assessed value for taxation purposes ($648,000) is often a lagging indicator and uses a different valuation method than the open market. The recent sale price of $600,000 is the current market valuation.
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