Property score
88.5
Excellent
Overall 88.5 · Larger than most nearby homes
2,317 sqft (top 29%) · Built in 2014 (1 yr older than avg)
Located in a high-income area with median household income of ~103k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 3 parks nearby
Living Area
Above average
15% larger than neighborhood avg.
Year Built
Near average
1 yrs older than neighborhood avg.
Mother tongue
English · 40%Chinese · 21%
Past 10 years Bridgwater Lakes sales snapshot (~80% of all data)
738
647.5k
$319/sqft
2015
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88.5 is composed by the two sections below.
Property Score
Community Score
Bridgwater Lakes
How to read: Share of sales in each ~$50k price band for “bridgwater lakes” (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: #46111257
$103K
Median household income
$120K
Average household income
14%
Low income (LIM-AT)
0.3
Income inequality (Gini)
4.4
P90 / P10 ratio
13%
Single-person households
44%
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
116 Red Spruce Road — 3 amenities found within 500 m, across 1 categories, including 3 parks (nearest 175 m).
Bridgwater Lakes · WPS public data · 2026
Annual incidents
2
2026
vs. city avg
-93%
relative to avg
Year-over-year
▼ -96%
vs. prior year
Primary type
Other
50%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 49% | Bottom 45% | Top 11% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 116 Red Spruce Road, Bridgwater Lakes
Key Characteristics & Appeal
This well-situated two-storey home in the popular Bridgwater Lakes community offers a compelling blend of space, modernity, and location. Built in 2014, it presents a relatively newer construction within the Winnipeg market. The property stands out for its generous proportions, with a living area of over 2,300 sqft that ranks within the top tier for the city, and a large 6,000+ sqft lot. It features an attached garage and a basement (not renovated), providing ample room for storage or future customization.
The appeal lies in its strong positional metrics. It performs notably well against city-wide benchmarks, ranking better than most Winnipeg homes for living space, assessed value, and year built. This suggests a property that is above average in key desirability factors. The neighbourhood itself, Bridgwater Lakes, is a sought-after modern development. The home would suit growing families or professionals seeking a move-in ready house in a contemporary community without the premium of a brand-new build. It also presents a solid opportunity for buyers who value a large lot and see potential in a basement awaiting their personal finish.
Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The home was last sold in May 2021 for $550,000. Its current assessed value is notably different at $616,000. It's important to consult with a real estate professional to understand current market conditions and how both figures might relate to today's listing price.
2. Is the basement finished?
No, the basement is described as "not renovated," meaning it is likely an unfinished space awaiting development, which offers future living space potential.
3. What do the ranking percentages (e.g., "Top 29% in Winnipeg") actually mean?
These rankings compare this specific property metric (like living area or year built) against all listed properties in the given area. For example, ranking in the "Top 4% in Winnipeg" for living area means 96% of Winnipeg homes in the comparison have less living space. It's a useful tool for understanding how the home stacks up quantitatively.
4. The home ranks highly city-wide but lower within its own street. Should I be concerned?
This is a nuanced point. It often indicates the home is on a very desirable street or in a premium neighbourhood where the average home is exceptional. The property still holds its own with strong city-wide rankings, suggesting you are buying into a high-caliber area.
5. What are the property taxes?
The detailed tax amount is not provided in this summary, but it would be calculated based on the assessed value of $616,000 and the City of Winnipeg's mill rate. Your real estate agent or the city's tax calculator can provide an accurate estimate.
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