Property score
87.5
Excellent
Overall 87.5 · Newer than most nearby homes
2,109 sqft (top 41%) · Built in 2020 (5 yrs newer than avg)
Located in a high-income area with median household income of ~103k
Transit 54.0 · 8-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 2 shops, 1 bank/ATM, and 1 fuel station nearby
Living Area
Near average
5% larger than neighborhood avg.
Year Built
Above average
5 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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Property score
87.5 is composed by the two sections below.
Property Score
Community Score
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.
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.
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
Households & income
Housing
Diversity, education & language
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rankings
Tax-Assessed Value
EliteYear Built
EliteLot Size
around averageRank 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.
Transit & Walkability
Nearby stops, routes & transit score
Nearby Amenities
Dining, education, healthcare, shopping & more
167 Springwater Road — 7 amenities found within 500 m, across 5 categories, including 1 dining (nearest 388 m), 2 shopping (nearest 423 m).
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
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 6% | Top 5% | Top 1% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 28% | Top 16% | Top 3% |
167 Springwater Road · Sold transaction data notes
Data Source
Data Coverage
Data Precision
Is Current Data Suitable for You
How to Get More Accurate Data
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Related homes
Nearby interested homes
Address · Year Built · Living Area
Nearby properties
Address · Distance
Similar assessed value
Address · Tax-Assessed Value
Highlights & common questions: 167 Springwater Road, Winnipeg
Property Overview
This two-storey home in Bridgwater Lakes is a modern, well-maintained property built in 2020. Its primary appeal lies in its balance of contemporary living, a strong value position within the broader Winnipeg market, and a move-in-ready condition with a renovated basement. The home sits on a good-sized lot and features an attached garage.
Key characteristics include a living area of over 2,100 sqft and an assessed value that places it in the top tier of properties city-wide. The data suggests a history of steady value appreciation since its first sale. Its standout metrics are its newness compared to most Winnipeg homes and its high assessed value ranking, indicating it is considered a premium property for taxation purposes.
This home would suit buyers looking for a modern build in a planned community who want to avoid major immediate renovations. It’s ideal for a growing family seeking space and a contemporary layout, or for a professional wanting a low-maintenance, recently constructed home with strong investment indicators. The renovated basement adds flexible living space, appealing to those who work from home or desire a dedicated entertainment area.
Frequently Asked Questions
How does the assessed value compare to the likely selling price?
The assessed value is a municipal tool for calculating property taxes, not a market appraisal. While this home's assessment is in Winnipeg's top 1%, the actual selling price is determined by current market conditions. The steady increase in past sale prices suggests strong market value growth.
What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A prospective buyer should inquire about the finishes, whether it includes a legal secondary suite or additional bedrooms, and if permits were obtained for the work.
Is the property in a flood zone or area with development fees?
As part of the newer Bridgwater Lakes community, it's important to verify any local improvement charges or community district fees that may be applicable. While flooding is less common in newer developments with modern infrastructure, confirming this with due diligence is always wise.
The lot is larger than many, but how is the yard space configured?
With a lot area of nearly 6,000 sqft, outdoor space is a plus. Buyers should consider the yard's layout—whether it's pie-shaped or rectangular—and its exposure (north, south, etc.) to understand privacy, sunlight for gardens, and usable play area.
The home is newer, but what about the builder and warranty?
Built in 2020, it may still have some remaining components of a new home warranty. Identifying the builder and requesting documentation on any remaining warranty coverage, as well as understanding the construction quality and typical standards of that builder, is advisable.
Map & Street View
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