Property score
88.6
Excellent
Overall 88.6 · Larger than most nearby homes
2,718 sqft (top 5%) · Built in 2014 (1 yr older than avg)
Located in a high-income area with median household income of ~103k
Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 1 park nearby
Living Area
Above average
35% 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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88.6 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
159 Red Spruce Road — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 98 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 15% | Top 14% | Top 3% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 159 Red Spruce Road, Bridgwater Lakes
Section 1: Key Characteristics & Appeal
This 2014-built, two-storey home in the Bridgwater Lakes neighbourhood stands out for its generous proportions and established desirability. Its primary appeal lies in its significant living space of 2,718 sqft, which ranks in the top 1% on its street and the top 2% city-wide, offering ample room for family life. The property sits on a large, nearly 6,000 sqft lot and features an attached garage and a renovated basement, adding functional living and storage space. Market data indicates strong value retention, with the last sold price in 2021 outperforming most comparable local and city-wide sales.
The home suits buyers looking for a move-in ready, spacious family home in a modern, planned community. It’s particularly well-matched for those who prioritize above-average interior space and a sizable yard over having the absolute newest build in the area. The strong assessment and historical sale rankings suggest a property that has maintained its market position, appealing to value-conscious buyers seeking a home with proven appeal in a competitive neighbourhood.
Section 2: Frequently Asked Questions
1. How does the age of this home (built 2014) compare to the area?
While newer than 91% of homes in Winnipeg, it’s slightly older than the median for its specific street. This often means the major development phase of the area is complete, offering established landscaping and community amenities, while the home itself is still modern and unlikely to require near-term major updates.
2. The assessed value is noted as $77.40k. Is this the market value?
No, this is not the market value. In this context, the “77.40k” figure is a normalized index value used for ranking comparison against other properties. The actual municipal assessment or market value would be significantly higher, as indicated by the 2021 sale price of $73.50k and the value of nearby comparable listings.
3. What do the ranking percentages (e.g., "Top 1% on street") actually tell me?
They provide a quick, relative snapshot of how this property measures against specific benchmarks. For example, ranking in the top 2% in Winnipeg for living area objectively confirms its standout size. These metrics help identify a home’s strengths—whether in lot size, living space, or value retention—within a defined market.
4. The home has a renovated basement. What does that typically imply for a 2014 build?
For a home of this age, a basement renovation is often a value-add upgrade rather than a necessary repair. It suggests the owners have invested in modernizing and finishing the space to increase livable square footage, which is a sought-after feature in family-oriented neighbourhoods.
5. The "Similar Assessed Value" list shows homes in different neighbourhoods. Why is that relevant?
This list is based on the comparable index value, not market price. Its relevance is in demonstrating that, according to this analytical metric, the property holds a similar positional value to homes across varied city neighbourhoods. It subtly underscores that the property’s recorded metrics compete favourably on a city-wide scale, not just within its immediate area.
