88 Lake Forest Road

Bridgwater Forest, ਵਿਨੀਪਿਗ

Property score

90.2

Excellent

Overall 90.2 · Larger but older than most nearby homes

2,898 sqft (top 4%) · Built in 2008 (3 yrs older 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 park nearby

ਰਹਿਣ ਵਾਲਾ ਖੇਤਰ

Above average

41% larger than neighborhood avg.

ਤਰੀਕ ਤੋਂ ਬਣਿਆ

Below average

3 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

90.2 is composed by the two sections below.

Property Score

94.0Excellent
ਰਹਿਣ ਵਾਲਾ ਖੇਤਰ98
2,898 sqftExcellent
ਤਰੀਕ ਤੋਂ ਬਣਿਆ90
2008Excellent
ਜ਼ਮੀਨ85
6,658 sqftExcellent
Neighbourhood Sales Activity89
Excellent

Community Score

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

ਕਮਿਊਨਿਟੀ ਵਿਕਰੀ ਅੰਕੜੇ

Bridgwater Forest

How to read: Share of sales in each ~$50k price band for “bridgwater forest” (ਡੀਟੈਚਡ ਘਰ (ਕੋਂਡੋ ਨਹੀਂ), 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.

ਰੈਂਕਿੰਗ

ਰਹਿਣ ਵਾਲਾ ਖੇਤਰ

ਇਲੀਟ
2,898 sqft
0255075100
Same streetਟਾਪ 13%Same areaਟਾਪ 4%Citywideਟਾਪ 1%
Same street · Lake Forest Road
#4 / 32
ਟਾਪ 13% · ਔਸਤ 2,039 sqft
Same area · Bridgwater Forest
#40 / 1,121
ਟਾਪ 4% · ਔਸਤ 2,053 sqft
Citywide · ਵਿਨੀਪਿਗ
#2,388 / 194,458
ਟਾਪ 1% · ਔਸਤ 1,342 sqft

ਮੁਲਾਂਕਣ ਮੁੱਲ

ਇਲੀਟ
1.21M
0255075100
Same streetਟਾਪ 6%Same areaਟਾਪ 4%Citywideਟਾਪ 1%
Same street · Lake Forest Road
#2 / 32
ਟਾਪ 6% · ਔਸਤ 732.3k
Same area · Bridgwater Forest
#40 / 1,121
ਟਾਪ 4% · ਔਸਤ 684.1k
Citywide · ਵਿਨੀਪਿਗ
#1,063 / 194,458
ਟਾਪ 1% · ਔਸਤ 390.1k

ਤਰੀਕ ਤੋਂ ਬਣਿਆ

ਔਸਤ ਤੋਂ ਉੱਪਰ
2008
0255075100
Same streetਹੇਠਲੇ 6%Same areaਹੇਠਲੇ 3%Citywideਟਾਪ 13%

ਜ਼ਮੀਨ

ਔਸਤ ਤੋਂ ਉੱਪਰ
6,658 sqft
0255075100
Same streetਟਾਪ 9%Same areaਟਾਪ 23%Citywideਟਾਪ 20%

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.

ਆਵਾਜਾਈ ਅਤੇ ਪੈਦਲ ਚੱਲਣਯੋਗਤਾ

ਨੇੜੇ ਦੇ ਸਟਾਪ, ਰੂਟ ਅਤੇ ਟ੍ਰਾਂਜ਼ਿਟ ਸਕੋਰ

Nearby Amenities

Dining, education, healthcare, shopping & more

88 Lake Forest Road — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 302 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%

ਵਿਕਰੀ ਦਾ ਇਤਿਹਾਸ

4/2019 ਵਿਚ ਵਿਕਿਆCA$900k–950k
ਵਿਕਰੀ ਮੁੱਲ

ਉਹੀ ਸਟ੍ਰੀਟ

ਟਾਪ 26%

ਉਹੀ ਇਲਾਕਾ

ਟਾਪ 5%

ਪੂਰਾ ਸ਼ਹਿਰ

ਟਾਪ 1%

Related homes

ਵਿਨੀਪਿਗ 88 Lake Forest Road — ਵਿਸ਼ੇਸ਼ਤਾ ਅਤੇ ਸੰਬੰਧਿਤ ਸਵਾਲ

Property Overview

This two-storey home in Bridgwater Forest is a substantial property that stands out for its generous proportions and established value. Built in 2008, it sits on a large 6,658 sqft lot and offers nearly 2,900 sqft of living space. Its key appeal lies in its significant above-average rankings within its immediate area; it sits in the top tier for lot size, living area, and assessed value on its street and in the wider neighbourhood. A renovated basement adds modern, functional space. While the home is newer than most in Winnipeg, it is one of the older homes within Bridgwater Forest itself, suggesting a well-established streetscape with mature landscaping. The property last sold in 1994 for $940k, and its current assessed value is $1.21M.

This home is ideally suited for buyers looking for a spacious, move-in-ready family home in a sought-after modern community, who value ample indoor and outdoor space over a brand-new build. It would particularly appeal to those who appreciate a property with a proven value trajectory and who want a home that already feels settled and established within a newer neighbourhood.

Frequently Asked Questions

1. How does the 2008 build year compare to the rest of the neighbourhood?
While newer than 85% of homes in Winnipeg, this property is actually older than 98% of homes in Bridgwater Forest. This means it offers more mature trees and landscaping compared to newer lots in the area, but systems like the roof or HVAC may be closer to requiring updates than a brand-new home.

2. The assessed value is significantly higher than the 1994 sale price. What does this indicate?
The $1.21M assessment reflects the current municipal valuation for taxation, which has grown substantially from its last sale price 30 years ago. This growth highlights the long-term appreciation in the area, but the actual market sale price will be determined by current conditions and buyer competition.

3. What is the significance of the high ranking for lot and living area?
Ranking in the top 10-15% on its street and in the neighbourhood for both metrics confirms this is one of the larger properties available. Buyers get more private outdoor space and more interior square footage than most comparable homes nearby, which is a key differentiator.

4. Is the renovated basement included in the living area square footage?
Typically, municipal living area calculations do not include below-grade space, even if finished. The 2,898 sqft likely refers to above-grade living space. The renovated basement is a valuable bonus that adds functional living area beyond the official figure.

5. Who might this home not be suited for?
It may not suit buyers seeking a brand-new, low-maintenance build with modern builder warranties. Additionally, the size and likely utility costs are geared towards a family or those needing significant space, rather than a first-time buyer or someone looking to downsize.