Property score
89.8
Excellent
Overall 89.8 · Larger and newer than most nearby homes
2,364 sqft (top 21%) · 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
Above average
17% larger 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
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89.8 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
178 Springwater Road — 7 amenities found within 500 m, across 5 categories, including 1 dining (nearest 376 m), 2 shopping (nearest 416 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 34% | Top 45% | Top 9% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 178 Springwater Road, Bridgwater Lakes
Key Features & Ideal Buyer
This 2019-built two-storey home in the popular Bridgwater Lakes neighbourhood offers modern living with established community roots. Its key appeal lies in a combination of newer construction, above-average living space (2,364 sqft), and a generous, private lot (7,708 sqft) that ranks highly for size within the area. The home features an attached garage and an unrenovated basement, presenting a blank canvas for future expansion.
The property’s strength is its consistent ranking in the top tiers for lot size, building age, and living area when compared to the wider city, suggesting a solid, modern home in a desirable location. It particularly suits growing families or professionals seeking a move-in ready, low-maintenance home in a master-planned community with amenities, without the wait and uncertainties of new construction. A thoughtful perspective for buyers is the unrenovated basement: while not a finished entertainment space, it offers valuable storage and future potential without the premium cost of a completed lower level already factored into the price.
Frequently Asked Questions
1. How does the assessed value compare to the likely market price?
The current assessed value is a municipal figure for tax purposes. The last sale was in 2019, so the market value will be determined by current conditions, recent comparable sales in Bridgwater Lakes, and the home’s specific features.
2. What does the lot size ranking mean for this property?
With a lot size “better than 83%” of the neighbourhood, this property has a larger-than-typical yard for the area. This is a key advantage for privacy, outdoor space, and future landscaping projects compared to many newer subdivisions.
3. Is the basement finished?
No, the basement is noted as “not renovated.” It is a blank canvas with full plumbing and electrical rough-ins typical for a 2019 home, offering significant potential for future customization to suit a buyer’s needs.
4. Why is the last sale price from 2019 relevant?
It shows the original purchase price when the home was new. The significant gap between then and now indicates all the market appreciation and equity growth has occurred under the original owner, and the next buyer will establish a new market price.
5. The home ranks highly for size and age, but lower for assessed value on its street. What does this indicate?
This can be common. It often reflects the original purchase price or specific municipal assessment models, not necessarily condition or desirability. It suggests the municipal tax assessment may be relatively favourable compared to some neighbours, but the market price will be determined by the home’s overall offering.
