Property score
87.0
Excellent
Overall 87.0 · Compared with neighbourhood average
2,146 sqft (top 45%) · 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
Near average
5% larger 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)
604
666k
$295/sqft
2011
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87.0 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
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 | Top 15% | Top 23% | Top 3% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 29% | Top 49% | Top 9% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 516 Bridgeland Drive N, Bridgwater Forest
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2011, sits on a generous 4,629 sqft lot in the popular Bridgwater Forest neighbourhood. Its primary appeal lies in a combination of above-average space and recent updates. With a renovated basement and over 2,100 sqft of living area, it ranks in the top third of the neighbourhood for size, offering more room than many newer builds. The attached garage and sizable lot add to its practical family footprint.
The home’s value proposition is underscored by its performance metrics. It ranks in the top 10% of its street for both assessed value and a strong prior sale price, suggesting it has been a solid investment relative to its immediate peers. While the lot size is more typical for the area, the interior space is a standout feature. This property would suit growing families or professionals seeking a modern, low-maintenance home in a master-planned community, particularly those who prioritize interior square footage and a finished basement over a premium lot size. A thoughtful perspective for buyers is to note that while the home is newer than 88% of Winnipeg, it is now 15 years old; the renovated basement is a significant plus, but the main systems (like roof, HVAC) may be nearing mid-life, so a thorough inspection is wise.
Section 2: Frequently Asked Questions
1. How does this home compare to others on the street?
It consistently ranks well above average for its street in key categories: living space (top 7%), assessed value (top 10%), and recent sale price (top 6%). This indicates it is a larger and historically higher-value home within Bridgeland Drive itself.
2. What is the neighbourhood ranking for this property?
Rankings vary by metric. It’s in the top third for living area (top 32%) and assessed value (top 41%), but the lot size is more average (top 71%). This profile suggests a home that offers more interior space than many in Bridgwater Forest, on a standard lot.
3. Has the property appreciated in value?
Based on available sales data, the home sold for $580k in May 2021 and then $692k in May 2022. This indicates a period of significant appreciation during that time. The current assessed value is notably lower, but assessments for tax purposes often lag behind market sale prices.
4. Is the basement development legal and permitted?
The listing notes the basement is "renovated." Prospective buyers must verify with the seller or city records that any renovations were completed with the proper permits to ensure the work is compliant and insurable.
5. What are the property taxes likely to be?
The current assessed value for tax purposes is $602,000. Buyers should use this figure, along with the City of Winnipeg's current mill rate, to estimate annual property taxes, as the actual tax bill will be based on this assessment.
