512 Bridgeland Drive N

Bridgwater Forest, Winnipeg

Property score

80.2

Excellent

Overall 80.2 · Smaller than most nearby homes

1,452 sqft (bottom 9%) · Built in 2011

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

Transit 88.0 · 1-min walk to transit with 3 nearby routes

Living Area

Below average

29% smaller than neighborhood avg.

Year Built

Near average

0 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

80.2 is composed by the two sections below.

Property Score

77.3Good
Living Area75
1,452 sqftGood
Year Built94
2011Excellent
Lot Size60
4,630 sqftFair
Neighbourhood Sales Activity89
Excellent

Community Score

84.5Excellent
Household Income88
Excellent
Education Level91
Excellent
Housing Stress52
Fair
Core Housing Need88
Excellent
Employment Health83
Excellent

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
1,452 sqft
0255075100
Same streetBottom 27%Same areaBottom 9%CitywideTop 33%
Same street · Bridgeland Drive N
#99 / 135
Bottom 27% · Avg 1,747 sqft
Same area · Bridgwater Forest
#1,018 / 1,121
Bottom 9% · Avg 2,053 sqft
Citywide · Winnipeg
#64,565 / 194,458
Top 33% · Avg 1,342 sqft

Tax-Assessed Value

above average
506k
0255075100
Same streetBottom 30%Same areaBottom 8%CitywideTop 19%
Same street · Bridgeland Drive N
#94 / 135
Bottom 30% · Avg 575.8k
Same area · Bridgwater Forest
#1,030 / 1,121
Bottom 8% · Avg 684.1k
Citywide · Winnipeg
#36,572 / 194,458
Top 19% · Avg 390.1k

Year Built

above average
2011
0255075100
Same streetTop 13%Same areaTop 34%CitywideTop 10%

Lot Size

around average
4,630 sqft
0255075100
Same streetTop 41%Same areaBottom 29%CitywideBottom 37%

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 5/2023CA$500k–550k
Sold price

Same street

Top 37%

Same area

Bottom 40%

City-wide

Top 11%

Related homes

Highlights & common questions: 512 Bridgeland Drive N, Winnipeg

Property Overview

This 2011-built, one-storey home in Bridgwater Forest offers a practical layout with an attached garage and a full, unfinished basement on a 4,630 sqft lot. Its primary appeal lies in its established yet relatively modern construction within a popular planned community, offering a balance of newer infrastructure and settled greenery. The home suits first-time buyers or downsizers seeking a manageable, single-level living space with clear potential for future basement development. A thoughtful perspective is its strong ranking in assessed value compared to most of Winnipeg (top 17%), suggesting it holds its value well in the broader market, despite more average rankings within its immediate neighbourhood. The lot size is also a quiet advantage, being larger than 59% of others on the same street, providing above-average outdoor space for the area.

Frequently Asked Questions

1. What does the "unfinished basement" entail?
The basement is a full, undeveloped space. This is a key opportunity for customization, allowing a new owner to design and finish it to their specific needs, whether for extra bedrooms, a recreation room, or storage, without needing to undo previous work.

2. How does the property compare to others in Bridgwater Forest?
The data presents a mixed picture. While the home ranks in the top third for lot size and assessed value on its specific street, its rankings for living area and year built fall within the middle or lower ranges for the wider Bridgwater Forest neighbourhood. This indicates a property that is strong on its particular block but may be considered more standard within the broader community context.

3. The home sold in May 2023. What does that recent sale indicate?
The May 2023 sale price was higher than 88% of recorded sales in Winnipeg at that time, demonstrating strong market appeal. This recent transaction provides a clear, modern benchmark for the property's market value, which can be helpful for understanding current price positioning.

4. Is the property a good value relative to its assessment?
The home's assessed value ranks higher than its sold price did in 2023 (top 17% vs. top 12% for Winnipeg, respectively). This doesn't directly predict sale price, but it indicates the city's assessment aligns with the property holding a relatively high value position city-wide.

5. Who might this property not suit?
Buyers looking for a move-in-ready home with a fully developed lower level or those seeking a brand-new build may find the unfinished basement and 15-year-old construction date less appealing. It is best suited for owners comfortable with a project or who don't require the basement living space immediately.