124 Red Spruce Road

Bridgwater Lakes, Winnipeg

Property score

87.1

Excellent

Overall 87.1 · Compared with neighbourhood average

1,905 sqft (bottom 43%) · 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

Near average

6% smaller 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)

Sold Count

738

Median price

647.5k

$/sqft

$319/sqft

Avg build year

2015

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Property score

87.1 is composed by the two sections below.

Property Score

90.1Excellent
Living Area1,905 sqft92Excellent
Year Built201494Excellent
Lot Size6,087 sqft81Excellent
Neighbourhood Sales Activity79Good

Community Score

82.5Excellent
Household Income86Excellent
Education Level91Excellent
Housing Stress42Low
Core Housing Need88Excellent
Employment Health83Excellent

Neighbourhood Sales

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.

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: #46111257

Community deep dive

$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

Population, labour & age

Population (2021)11,365
Labour force participation rate77%
Median age30.4
Avg household size3.1
Unemployment rate8%
Population density1696 / km²

Households & income

Low income (LIM-AT, % pop.)14%
Single-person households13%
Couple families with children44%
Median household income (2020)$103K

Housing

Renter households21%
Condominium dwellings14%
Median dwelling value (owners)$500K

Diversity, education & language

Immigrants (share of pop.)47%
Visible minority69%
Bachelor's or higher (25–64)58%
Mother tongue (1st)English · 39%
Mother tongue (2nd)Chinese · 20%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
1,905 sqft
0255075100
Same streetBottom 45%Same areaBottom 43%CitywideTop 13%
Same street · Red Spruce Road
#38 / 69
Bottom 45% · Avg 1,952 sqft
Same area · Bridgwater Lakes
#676 / 1,191
Bottom 43% · Avg 2,018 sqft
Citywide · Winnipeg
#25,876 / 194,458
Top 13% · Avg 1,342 sqft

Tax-Assessed Value

above average
618k
0255075100
Same streetBottom 41%Same areaBottom 47%CitywideTop 7%
Same street · Red Spruce Road
#41 / 69
Bottom 41% · Avg 629.4k
Same area · Bridgwater Lakes
#630 / 1,191
Bottom 47% · Avg 688.3k
Citywide · Winnipeg
#13,189 / 194,458
Top 7% · Avg 390.1k

Year Built

above average
2014
0255075100
Same streetBottom 41%Same areaTop 45%CitywideTop 8%

Lot Size

above average
6,087 sqft
0255075100
Same streetTop 33%Same areaTop 38%CitywideTop 29%

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

124 Red Spruce Road — 3 amenities found within 500 m, across 1 categories, including 3 parks (nearest 163 m).

Search radius
🌳Parks3

Crime & Safety

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%

Sales History

Sold 4/2023CA$650k–700k
Sold price

Same street

Top 21%

Same area

Top 20%

City-wide

Top 4%

Related homes

Highlights & common questions: 124 Red Spruce Road, Winnipeg

Property Overview

This 2014-built two-storey home in Bridgwater Lakes offers a modern, low-maintenance lifestyle in a sought-after Winnipeg community. Its key appeal lies in a combination of recent updates, a generous lot size, and strong value rankings within the city. The home features a renovated basement and an attached garage, situated on a 6,087 sqft lot that is larger than two-thirds of the properties on its street. With 1,905 sqft of living space, it provides ample room for family life.

The property is particularly suited to buyers looking for a move-in ready home in a newer neighbourhood who want to maximize their investment. Its metrics show it outperforms most of Winnipeg in terms of lot size, assessed value, and recent sale price, suggesting a well-regarded property in a desirable area. It would fit growing families, professionals seeking a modern community with amenities, or value-conscious buyers who appreciate a home that stands out in key statistical categories compared to its peers.

Frequently Asked Questions

1. How does this home’s value compare to the area?
The home’s last sold price (April 2023, $690k) ranks in the top 30% for its neighbourhood and top 4% city-wide, indicating it is a higher-value property in a well-regarded area. Its assessed value also ranks highly.

2. What does the “renovated basement” include?
The listing confirms the basement is renovated, but specific details on finishes, layout, or whether it includes a legal suite should be verified with the listing agent or through a viewing.

3. Is the lot size a significant feature?
Yes. At over 6,000 sqft, the lot is larger than 67% of those on the street. This is a notable advantage in newer communities where lot sizes can vary, offering more private outdoor space.

4. How does the building’s age (2014) factor in?
A 12-year-old home typically means modern building codes, efficient systems, and less immediate need for major replacements like the roof or furnace, offering a balance between newer construction and established landscaping.

5. What is the significance of the provided “rankings”?
These percentile rankings (e.g., “Top 29% in Winnipeg”) are a data-driven way to see how this property compares to others in specific metrics like size, value, and sale price. They highlight that this home consistently performs above average, especially at the city level.

Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.