39 Lake Forest Road

Bridgwater Forest, Winnipeg

Property score

75.8

Good

Overall 75.8 · Smaller and older than most nearby homes

1,285 sqft (bottom 3%) · Built in 2009 (2 yrs older than avg)

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

Transit 88.0 · 1-min walk to transit with 3 nearby routes · Within 500m: 1 park nearby

Living Area

Below average

37% smaller than neighborhood avg.

Year Built

Below average

2 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

75.8 is composed by the two sections below.

Property Score

70.0Good
Living Area1,285 sqft66Good
Year Built200990Excellent
Lot Size4,063 sqft53Fair
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

around average
1,285 sqft
0255075100
Same streetBottom 6%Same areaBottom 3%CitywideTop 43%
Same street · Lake Forest Road
#30 / 32
Bottom 6% · Avg 2,039 sqft
Same area · Bridgwater Forest
#1,088 / 1,121
Bottom 3% · Avg 2,053 sqft
Citywide · Winnipeg
#82,902 / 194,458
Top 43% · Avg 1,342 sqft

Tax-Assessed Value

above average
457k
0255075100
Same streetBottom 1%Same areaBottom 1%CitywideTop 27%
Same street · Lake Forest Road
#32 / 32
Bottom 1% · Avg 732.3k
Same area · Bridgwater Forest
#1,110 / 1,121
Bottom 1% · Avg 684.1k
Citywide · Winnipeg
#52,851 / 194,458
Top 27% · Avg 390.1k

Year Built

above average
2009
0255075100
Same streetTop 44%Same areaBottom 15%CitywideTop 12%

Lot Size

below average
4,063 sqft
0255075100
Same streetBottom 12%Same areaBottom 6%CitywideBottom 27%

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

39 Lake Forest Road — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 181 m).

Search radius
🌳Parks1

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 4/2022CA$500k–550k
Sold price

Same street

Bottom 11%

Same area

Bottom 27%

City-wide

Top 16%
Sold 6/2021CA$350k–400k
Sold price

Same street

Bottom 1%

Same area

Bottom 2%

City-wide

Top 35%

Related homes

Highlights & common questions: 39 Lake Forest Road, Winnipeg

Property Summary

Key Characteristics & Appeal

This is a 2009-built, single-storey home in the popular Bridgwater Forest neighbourhood. Its key characteristics include a detached garage, a full (but unrenovated) basement, and a generous 4,063 sqft lot, which is notably larger than most on its street. With 1,285 sqft of living space, it offers a practical, low-maintenance layout suitable for a small family, first-time buyers, or downsizers.

The primary appeal lies in its established location within a modern community, combined with the value proposition of a solid, newer-construction home on a sizable lot. The data suggests it is a competitively valued entry point into the area, having appreciated steadily since 2021. It would particularly suit buyers who prioritize lot size and a quiet street over a large interior footprint, and who see potential in a home that offers a blank-slate basement to finish to their own taste. A thoughtful perspective is that while the house itself ranks average in size for the city, the lot and the home's age are significant assets, offering outdoor space and modern building standards that are harder to find in older, central neighbourhoods.


Frequently Asked Questions

1. How does this home's value compare to the area?
The assessed value is competitive for Bridgwater Forest. It sits in the top third for value in Winnipeg, indicating a solid investment for its age and area, though it is among the lower-valued homes on its specific street.

2. What does the lot size ranking mean?
The lot is larger than 87% of others on Lake Forest Road. This is a standout feature, offering more private outdoor space than most direct neighbours, which is a relative rarity in newer subdivisions.

3. Is the basement finished?
No, the basement is noted as "not renovated." It is a full, unfinished space, presenting both a cost and an opportunity for future expansion to add significant living area and value.

4. How does the living space compare to nearby homes?
At 1,285 sqft, the living area is modest. It is smaller than approximately 76% of homes in Bridgwater Forest, indicating this is a more compact, efficient home plan compared to many two-storey models in the community.

5. What is the history of price changes?
The home sold for $39.3k in 2021 and then $50.3k in 2022, showing considerable appreciation. The current assessed value of $45.7k sits between those two sale prices, suggesting a stable market valuation.

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