153 Springwater Road

Bridgwater Lakes, Winnipeg

Property score

86.8

Excellent

Overall 86.8 · Newer than most nearby homes

1,931 sqft (bottom 46%) · Built in 2019 (4 yrs newer than avg)

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

Transit 64.0 · 8-min walk to transit with 2 nearby routes · Within 500m: 2 dining spots, 2 shops, 1 bank/ATM, and 1 fuel station nearby

Living Area

Near average

4% smaller 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

86.8 is composed by the two sections below.

Property Score

89.6Excellent
Living Area92
1,931 sqftExcellent
Year Built97
2019Excellent
Lot Size74
5,904 sqftGood
Neighbourhood Sales Activity79
Good

Community Score

82.5Excellent
Household Income86
Excellent
Education Level91
Excellent
Housing Stress42
Low
Core Housing Need88
Excellent
Employment Health83
Excellent

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
1,931 sqft
0255075100
Same streetBottom 23%Same areaBottom 46%CitywideTop 13%
Same street · Springwater Road
#50 / 65
Bottom 23% · Avg 2,130 sqft
Same area · Bridgwater Lakes
#639 / 1,191
Bottom 46% · Avg 2,018 sqft
Citywide · Winnipeg
#24,433 / 194,458
Top 13% · Avg 1,342 sqft

Tax-Assessed Value

Elite
1.01M
0255075100
Same streetTop 2%Same areaTop 9%CitywideTop 1%
Same street · Springwater Road
#1 / 65
Top 2% · Avg 731.5k
Same area · Bridgwater Lakes
#108 / 1,191
Top 9% · Avg 688.3k
Citywide · Winnipeg
#1,934 / 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

153 Springwater Road — 8 amenities found within 500 m, across 5 categories, including 2 dining (nearest 363 m), 2 shopping (nearest 396 m).

Search radius
🍽️Dining2
🛒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 10/2019CA$700k–750k
Sold price

Same street

Top 32%

Same area

Top 17%

City-wide

Top 3%

Related homes

Highlights & common questions: 153 Springwater Road, Winnipeg

Property Overview

This 2019-built, one-storey home in Bridgwater Lakes offers a modern, low-maintenance lifestyle. Its key appeal lies in a combination of recent construction, a fully renovated basement, and an attached garage, all situated on a generous 5,904 sqft lot. The home’s assessed value ranks in the top 1% for Winnipeg, suggesting strong municipal valuation relative to the market.

The property is particularly well-suited for first-time buyers, downsizers, or anyone seeking a modern home in a newer community without the wait of a build. Its single-storey layout is ideal for accessibility or those preferring all living spaces on one level. The renovated basement adds valuable flexible space for a growing family, a home office, or a recreation room. A thoughtful perspective is that while the living area is modest for the street, this translates to lower utility and maintenance costs, and the large lot provides ample outdoor potential not always found in newer subdivisions.

Key Details & FAQs

Key Characteristics:

  • Type & Age: A modern, one-storey home built in 2019.
  • Lot: A sizable 5,904 sqft lot, larger than most on the street.
  • Features: Includes an attached garage and a renovated basement.
  • Space: 1,931 sqft of living area.
  • Value: An assessed value of $101,100k, which ranks exceptionally high city-wide.

Ideal Buyer:
This home best suits buyers looking for a move-in ready, contemporary property in a sought-after newer neighbourhood. It’s a strong match for professionals, small families, or retirees who value the ease of single-level living, the added space of a finished basement, and the outdoor room provided by a larger lot.


Frequently Asked Questions

1. How does this home compare to others in the area?
It has a newer build year than approximately 95% of homes in Bridgwater Lakes and sits on a larger-than-average lot for its street. The living space is comfortable, though slightly below the street average, which is offset by the significant lot size and premium assessed value.

2. What does the high assessed value indicate?
An assessed value in the top 1% for Winnipeg reflects a very high municipal valuation for taxation purposes. It generally indicates the city assesses this property as being among the most valuable, but it should be considered alongside current market conditions and a professional appraisal.

3. Is the basement development legal and permitted?
The listing notes the basement is "renovated." Prospective buyers should verify the scope of work, ensure any necessary building permits were obtained, and that the renovations meet current code requirements.

4. Who would find the one-storey layout most beneficial?
This layout is ideal for those planning for long-term accessibility, buyers looking to downsize from a two-storey, or anyone who simply prefers the convenience of having all main living areas—bedrooms, bathrooms, kitchen, and laundry—on a single level.

5. The last sale was in 2019. What should I consider?
The home was last purchased when it was newly built. This means the current sellers are likely the first owners, and all renovations and maintenance are from a single, known period. It’s worthwhile to inquire about upgrades made since the original purchase.