Property score
88.2
Excellent
Overall 88.2 · Newer than most nearby homes
2,201 sqft (top 36%) · Built in 2020 (5 yrs newer than avg)
Located in a high-income area with median household income of ~103k
Transit 60.0 · 9-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 2 shops, 1 bank/ATM, and 1 fuel station nearby
Living Area
Near average
9% 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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88.2 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
173 Springwater Road — 7 amenities found within 500 m, across 5 categories, including 1 dining (nearest 399 m), 2 shopping (nearest 435 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 10% | Top 5% | Top 1% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 16% | Top 9% | Top 2% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 173 Springwater Road, Bridgwater Lakes
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2020, is a modern property in the popular Bridgwater Lakes neighbourhood. Its key appeal lies in its balance of being a relatively new build with established community roots. The home sits on a generous 5,904 sqft lot, which is above average for its street, and offers 2,201 sqft of living space.
The primary draw is its strong standing in key metrics compared to its surroundings. It ranks in the top tiers for being newer, having a higher assessed value, and for its previous sold price within Winnipeg. This suggests a well-regarded property in a desirable area. The attached garage and existing (though unrenovated) basement provide practical foundations.
This home would suit buyers looking for a move-in ready, modern property in a family-oriented community, who also value the future potential that a large lot and an unfinished basement offer. It’s particularly suited for those who appreciate data-driven value—its consistently high percentile rankings indicate a property that has historically performed well relative to its peers, appealing to both growing families and value-conscious purchasers.
Section 2: Frequently Asked Questions
1. What does the "Better than X%" ranking actually mean?
These rankings compare this specific property against all others on the same street, in the neighbourhood, and across Winnipeg for metrics like lot size, year built, and assessed value. For example, being "better than 97% in Winnipeg" for year built means it is newer than 97% of all properties in the city, highlighting its modern construction.
2. The basement is noted as "not renovated." What is its condition?
The listing confirms the basement exists but is unfinished. This should be viewed as blank-canvas space. While it requires investment to become living area, it offers the next owner the opportunity to customize it to their needs without the cost or hassle of undoing a previous owner's renovations.
3. The assessed value is significantly lower than the last sold price. Why?
Municipal assessed value for property tax purposes often lags behind market value and does not equate to a current sale price. The last sale in 2021 was at $900k, which is a stronger indicator of its market value at that time. The assessment is one data point, but recent sale history in a dynamic market is typically more relevant.
4. How does the lot size impact the property's value?
At 5,904 sqft, the lot is larger than 66% of properties in Winnipeg. In newer communities like Bridgwater Lakes, larger lots are a finite resource. This provides more private outdoor space, potential for landscaping or additions, and may contribute to the property's strong value rankings over time.
5. The home sold twice in a short period (2020 and 2021). Is that a concern?
The first sale in late 2020 was likely from the builder to the first owner. The subsequent sale in 2021 suggests a quick resale, which is not uncommon for new builds as circumstances change. The notable increase in price between those two dates indicates the property was sought-after in the market at that time.
