Property score
86.9
Excellent
Overall 86.9 · Newer than most nearby homes
2,174 sqft (top 38%) · Built in 2019 (4 yrs newer than avg)
Located in a high-income area with median household income of ~103k
Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 3 dining spots, 2 healthcare facilitys, 3 shops, and 2 bank/ATMs nearby
Living Area
Near average
8% 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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86.9 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
18 Springwater Road — 13 amenities found within 500 m, across 6 categories, including 3 dining (nearest 384 m), 2 healthcare (nearest 357 m), 3 shopping (nearest 241 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 40% | Top 23% | Top 4% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 12% | Bottom 26% | Top 18% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This 2019-built, two-storey home in Bridgwater Lakes offers modern living with practical appeal. Its key characteristics include a generous 2,174 sqft of living space, an attached garage, and a full, unfinished basement providing a blank canvas for future expansion. The lot is a sizable 5,430 sqft, offering ample outdoor space for a newer neighbourhood home.
The primary appeal lies in its balance of being a relatively new build—free from major immediate repairs—coupled with the opportunity to add personal value through basement development. Its value metrics are strong for the city, ranking in the top tiers for year built and overall assessed value within Winnipeg. This suggests a well-regarded, stable investment in a modern community.
This property would suit first-time buyers or young families looking for a move-in-ready home without the worries of aging infrastructure, but who are also eager to take on a defined project like finishing the basement to suit their needs. It also appeals to the value-conscious buyer who appreciates the statistical strength of its assessed value and newer build age within the broader market.
Frequently Asked Questions
Q: How does the unfinished basement impact the value and utility?
A: It presents both a cost-saving on the initial purchase price compared to a finished home and a clear opportunity to add equity. You can customize the space to your exact needs, whether it's a rec room, home office, or extra bedroom, without needing to undo someone else's work.
Q: The home sold in 2021 for $670k, but the current assessed value is much lower. Why?
A: Municipal assessed value for property tax purposes is not a direct indicator of market value. It's based on a mass appraisal system at a fixed point in time and often lags behind current market conditions. The 2021 sale price is a more relevant, though historical, data point for understanding the home's market value trajectory.
Q: The rankings show the lot is "Better than 6% in same street" for size. Does that mean it's small?
A: Not necessarily. This specific ranking indicates that on Springwater Road, which may have larger estate-style lots, this property's lot is more typical of standard newer subdivisions. At over 5,400 sqft, it is still a very functional size for gardening, play, and entertaining, especially for a 7-year-old home.
Q: What is the significance of the "Similar Assessed Value" comparisons in other neighbourhoods?
A: This illustrates what a property with an identical municipal assessment can look like across Winnipeg. It highlights that this home offers a specific package—size, age, and neighbourhood—at that valuation point, allowing buyers to compare the trade-offs between different areas and property types.
Q: The neighbourhood rankings are mixed. How should I interpret this?
A: The home ranks highly for its newness (top 5% in Bridgwater Lakes) but mid-range for size and value within its immediate area. This suggests it's a solid, average-to-above-average property for this specific sought-after neighbourhood, rather than a standout. The appeal is consistency in a desirable modern community.
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