133 Springwater Road

Bridgwater Lakes, Winnipeg

Property score

87.5

Excellent

Overall 87.5 · Newer than most nearby homes

2,196 sqft (top 37%) · Built in 2019 (4 yrs newer than avg)

Located in a high-income area with median household income of ~103k

Transit 64.0 · 7-min walk to transit with 2 nearby routes · Within 500m: 2 dining spots, 2 healthcare facilitys, 2 shops, and 1 bank/ATM nearby

Living Area

Near average

9% larger than neighborhood avg.

Year Built

Above average

4 yrs newer 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

87.5 is composed by the two sections below.

Property Score

90.8Excellent
Living Area2,196 sqft94Excellent
Year Built201997Excellent
Lot Size5,904 sqft74Good
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
2,196 sqft
0255075100
Same streetTop 45%Same areaTop 37%CitywideTop 7%
Same street · Springwater Road
#29 / 65
Top 45% · Avg 2,130 sqft
Same area · Bridgwater Lakes
#439 / 1,191
Top 37% · Avg 2,018 sqft
Citywide · Winnipeg
#12,955 / 194,458
Top 7% · Avg 1,342 sqft

Tax-Assessed Value

Elite
906k
0255075100
Same streetTop 18%Same areaTop 12%CitywideTop 1%
Same street · Springwater Road
#12 / 65
Top 18% · Avg 731.5k
Same area · Bridgwater Lakes
#138 / 1,191
Top 12% · Avg 688.3k
Citywide · Winnipeg
#2,843 / 194,458
Top 1% · Avg 390.1k

Year Built

Elite
2019
0255075100
Same streetTop 22%Same areaTop 5%CitywideTop 4%

Lot Size

around average
5,904 sqft
0255075100
Same streetBottom 34%Same areaTop 45%CitywideTop 35%

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

133 Springwater Road — 10 amenities found within 500 m, across 6 categories, including 2 dining (nearest 346 m), 2 healthcare (nearest 459 m), 2 shopping (nearest 370 m).

Search radius
🍽️Dining2
🏥Healthcare2
🛒Shopping2
🏦Finance1
Fuel Stations1
Worship2

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 8/2022CA$1M–1.05M
Sold price

Same street

Top 2%

Same area

Top 3%

City-wide

Top 1%

Related homes

Highlights & common questions: 133 Springwater Road, Winnipeg

Property Overview: 133 Springwater Road, Bridgwater Lakes

Key Features & Ideal Buyer

This modern two-storey home, built in 2019, sits on a generous lot in the popular Bridgwater Lakes community. Its key appeal lies in a combination of contemporary living, a desirable location, and strong value indicators. The home features a renovated basement and an attached garage, with a living space that ranks comfortably above average for Winnipeg. The property’s assessed value is notably high relative to the city, suggesting solid municipal valuation, and its last sale price in 2022 places it among the top tier of local transactions. This isn't just a new house; it's a home in a well-established, newer neighbourhood that has already demonstrated significant market appeal.

The property would suit buyers looking for a move-in ready home in a modern community without the wait and uncertainties of new construction. It’s particularly fitting for professionals or growing families who value space, contemporary neighbourhood design, and the stability of a home that is past its initial settling phase. The strong rankings in assessed and past sale value also make it a sensible consideration for the value-conscious buyer who views a home as a long-term investment.

Frequently Asked Questions

1. How does the lot size compare to others in the area?
At just under 5,900 sqft, the land area is larger than about 66% of properties on the same street, offering above-average outdoor space for the immediate area.

2. The home was last sold in 2022. What does that recent sale price indicate?
The $1,000,000 sale price two years ago placed it in the top 6% of sales on its street and the top 1% for Winnipeg at that time, reflecting a premium valuation in a sought-after location.

3. Is the basement development reflected in the assessed value?
The assessed value of $906,000 is significantly higher than the Winnipeg average and accounts for the home's complete condition, including the renovated basement.

4. What does the "Year Built" ranking mean for maintenance?
Built in 2019, the home is newer than 96% of properties in Winnipeg. This suggests major components like the roof, HVAC, and appliances are likely still under or just approaching the end of their original warranty periods, potentially reducing near-term repair costs.

5. How does the living space compare to the neighbourhood?
At 2,196 sqft, the living area is larger than approximately 63% of homes in Bridgwater Lakes, providing ample room relative to the community standard.

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