Property score
82.2
Excellent
Overall 82.2 · Smaller but newer than most nearby homes
1,454 sqft (bottom 7%) · Built in 2019 (4 yrs newer than avg)
Located in a high-income area with median household income of ~103k
Transit 60.0 · 10-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
Below average
28% 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)
738
647.5k
$319/sqft
2015
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
82.2 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
174 Springwater Road — 7 amenities found within 500 m, across 5 categories, including 1 dining (nearest 363 m), 2 shopping (nearest 403 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 | Bottom 1% | Bottom 11% | Top 27% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 174 Springwater Road, Bridgwater Lakes
Section 1: Key Characteristics & Appeal
This 2019-built, single-storey home sits on a large, 7,824 sqft lot in the popular Bridgwater Lakes neighbourhood. Its key appeal lies in a combination of modern construction, significant lot size, and a renovated basement. The home is positioned in a highly desirable area, ranking in the top tiers for lot size, property age, and overall assessed value within both the neighbourhood and the wider city.
The property would best suit buyers looking for a modern, low-maintenance home with ample outdoor space in a sought-after community. It’s particularly appealing for those who value a newer build to minimize immediate repairs, and for families or individuals who prioritize generous yard space over above-average interior square footage. The renovated basement adds valuable flexible living space. A thoughtful perspective is that this home offers the benefits of a mature, large lot—often found in older neighbourhoods—but with the modern efficiencies and design of a newer construction, providing a balanced long-term investment.
Section 2: Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 1,454 sqft, the living area is more compact than most in its immediate vicinity, ranking lowest on its street. This suggests a efficient use of space focused on the main floor, complemented by the additional renovated basement area.
2. What does the "Assessed Value" ranking indicate?
The assessed value is in the top 8% city-wide, indicating that official valuations place it significantly above average for Winnipeg. This strong ranking, especially compared to its modest sale price in 2019, highlights substantial appreciation and a solid valuation foundation in a premium neighbourhood.
3. Is the lot size typical for the area?
No, the lot is a standout feature. It ranks in the top 17% of the neighbourhood and top 12% city-wide for land area, meaning it is substantially larger than most comparable properties, offering more privacy and outdoor potential.
4. The home sold in 2019; what does that history suggest?
The 2019 sale was likely the original purchase from the builder. The significant jump from its $442.7k sale price to its current $586k assessed value points to strong market growth in Bridgwater Lakes over a 5-year period.
5. Who might this property not suit?
Buyers seeking a large interior main floor or the absolute newest build (as it is now 7 years old) may find better options. Its appeal is weighted toward the premium lot and location, with interior space being efficient rather than expansive.
