167 Springwater Road

Bridgwater Lakes, Winnipeg

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)

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 Area2,109 sqft94Excellent
Year Built202097Excellent
Lot Size5,953 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
2,109 sqft
0255075100
Same streetBottom 48%Same areaTop 41%CitywideTop 8%
Same street · Springwater Road
#34 / 65
Bottom 48% · Avg 2,130 sqft
Same area · Bridgwater Lakes
#488 / 1,191
Top 41% · Avg 2,018 sqft
Citywide · Winnipeg
#16,139 / 194,458
Top 8% · Avg 1,342 sqft

Tax-Assessed Value

Elite
895k
0255075100
Same streetTop 20%Same areaTop 12%CitywideTop 2%
Same street · Springwater Road
#13 / 65
Top 20% · Avg 731.5k
Same area · Bridgwater Lakes
#141 / 1,191
Top 12% · Avg 688.3k
Citywide · Winnipeg
#2,960 / 194,458
Top 2% · Avg 390.1k

Year Built

Elite
2020
0255075100
Same streetTop 8%Same areaTop 2%CitywideTop 3%

Lot Size

around average
5,953 sqft
0255075100
Same streetBottom 40%Same areaTop 41%CitywideTop 34%

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).

Search radius
🍽️Dining1
🛒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 9/2021CA$900k–950k
Sold price

Same street

Top 6%

Same area

Top 5%

City-wide

Top 1%
Sold 1/2020CA$700k–750k
Sold price

Same street

Top 28%

Same area

Top 16%

City-wide

Top 3%

Related homes

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.

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