Property score
88.1
Excellent
Overall 88.1 · Newer than most nearby homes
2,023 sqft (top 47%) · Built in 2018 (3 yrs newer than avg)
Located in a high-income area with median household income of ~103k
Transit 64.0 · 6-min walk to transit with 2 nearby routes · Within 500m: 2 dining spots, 2 healthcare facilitys, 3 shops, and 1 bank/ATM nearby
Living Area
Near average
0% larger than neighborhood avg.
Year Built
Above average
3 yrs newer 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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88.1 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
121 Springwater Road — 11 amenities found within 500 m, across 6 categories, including 2 dining (nearest 344 m), 2 healthcare (nearest 438 m), 3 shopping (nearest 341 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 | Top 18% | Top 10% | Top 2% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 121 Springwater Road, Bridgwater Lakes
Section 1: Key Characteristics & Appeal
This 2018-built, single-storey home in Bridgwater Lakes offers modern living with a practical footprint. Its key characteristics include a spacious 2,023 sqft living area on a large 6,031 sqft lot, an attached garage, and an unfinished basement. The home’s appeal lies in its balance of being relatively new—minimizing immediate major repairs—while providing a blank canvas in the basement for future customization. Its lot size is a standout, offering more outdoor space than many newer builds in the area.
The property would suit first-time buyers or downsizers seeking a modern, low-maintenance layout on one level, without the premium of a brand-new build. It’s also a sensible fit for value-conscious buyers who prioritize the potential to add equity through a basement development later, according to their own timeline and taste. A less obvious perspective is its strong position in broader market rankings; with an assessed value and recent sale price placing it in the top 2-5% of all Winnipeg, it presents as a statistically solid asset within the city, not just the neighbourhood.
Section 2: Frequently Asked Questions
1. What is the neighbourhood like?
Bridgwater Lakes is a master-planned, family-oriented community in southwest Winnipeg. It features parks, ponds, walking paths, and nearby amenities, offering a suburban feel with modern infrastructure.
2. Is the basement suitable for finishing?
Yes, the basement is unfinished. This is a key opportunity for a buyer to add living space and value, but it requires planning and investment for development, plumbing rough-ins, and permits.
3. How does this property compare to others on the street?
The data shows a mix. The lot size is above average for the street, but the home is newer than only about a third of its immediate neighbours. This suggests it’s on a desirable parcel but surrounded by some even newer homes.
4. Why was the last sale price lower than the current assessed value?
The sale in December 2023 ($777,800) reflects the market conditions at that time. The higher current assessed value ($867,000) is the city’s estimate for taxation purposes and can differ from a future market sale price, which is determined by current buyer demand.
5. What are the immediate costs or projects for a new owner?
Beyond personal decor updates, the main consideration is the unfinished basement. There are no indications of a pool or recent renovations, so the home is essentially as-built from 2018, likely requiring only routine maintenance.
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