182 Springwater Road

Bridgwater Lakes, Winnipeg

Property score

85.9

Excellent

Overall 85.9 · Smaller but newer than most nearby homes

1,721 sqft (bottom 30%) · 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 2 place of worships nearby

Living Area

Below average

15% 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)

Sold Count

738

Median price

647.5k

$/sqft

$319/sqft

Avg build year

2015

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Property score

85.9 is composed by the two sections below.

Property Score

88.1Excellent
Living Area1,721 sqft86Excellent
Year Built201997Excellent
Lot Size7,204 sqft88Excellent
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
1,721 sqft
0255075100
Same streetBottom 9%Same areaBottom 30%CitywideTop 20%
Same street · Springwater Road
#59 / 65
Bottom 9% · Avg 2,130 sqft
Same area · Bridgwater Lakes
#837 / 1,191
Bottom 30% · Avg 2,018 sqft
Citywide · Winnipeg
#39,104 / 194,458
Top 20% · Avg 1,342 sqft

Tax-Assessed Value

Elite
663k
0255075100
Same streetBottom 42%Same areaTop 39%CitywideTop 5%
Same street · Springwater Road
#38 / 65
Bottom 42% · Avg 731.5k
Same area · Bridgwater Lakes
#459 / 1,191
Top 39% · Avg 688.3k
Citywide · Winnipeg
#9,506 / 194,458
Top 5% · Avg 390.1k

Year Built

Elite
2019
0255075100
Same streetTop 22%Same areaTop 5%CitywideTop 4%

Lot Size

above average
7,204 sqft
0255075100
Same streetTop 35%Same areaTop 22%CitywideTop 15%

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

182 Springwater Road — 6 amenities found within 500 m, across 4 categories, including 1 dining (nearest 388 m), 2 shopping (nearest 429 m).

Search radius
🍽️Dining1
🛒Shopping2
🏦Finance1
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 12/2019CA$550k–600k
Sold price

Same street

Bottom 26%

Same area

Bottom 48%

City-wide

Top 10%

Related homes

Highlights & common questions: 182 Springwater Road, Winnipeg

Property Overview: 182 Springwater Road, Bridgwater Lakes, Winnipeg

Key Characteristics & Appeal

This 2019-built, single-storey home in the popular Bridgwater Lakes neighbourhood offers modern living with a renovated basement on a generous 7,204 sqft lot. Its key appeal lies in a balance of newer construction, desirable location, and significant lot size. The home ranks in the top tiers for lot size, age, and overall assessed value within both Winnipeg and its immediate neighbourhood, suggesting a solid and desirable foundation.

The property suits two primary buyer types. First, it’s ideal for those seeking a modern, low-maintenance home in a master-planned community without sacrificing outdoor space. Second, it appeals to value-focused buyers who see potential; while the living area is more modest relative to the street, the large lot and renovated basement provide a platform for future expansion or outdoor living projects. It’s a home for someone who prioritizes the quality and setting of the neighbourhood as much as, or more than, the current interior square footage.

Frequently Asked Questions

1. How does the lot size compare to others?
The 7,204 sqft lot is a standout feature, larger than 78% of lots in the Bridgwater Lakes neighbourhood and 85% across Winnipeg, offering rare space for gardens, play, or additions in this newer area.

2. The living area seems smaller relative to the street. Is this a concern?
The living space (1,721 sqft) is below the street average. However, this is offset by the fully renovated basement, which adds functional space, and the very large lot. It represents an opportunity to potentially expand the main floor in the future, given the ample land.

3. What does the assessed value ranking indicate?
Ranking in the top 4% of Winnipeg for assessed value is a strong indicator of the property’s fundamental worth and the desirability of its location and lot, as assessed for tax purposes.

4. The home was last sold in 2019. What does that mean?
Being sold new in 2019 means the current owners are the first residents. The sale price then was below the current assessed value, which is typical for a new build, and the history shows steady ownership.

5. Is the neighbourhood well-established?
Bridgwater Lakes is a modern, master-planned community. A 2019 build date means this home was constructed as the neighbourhood was still developing, placing you among the earlier residents in a now-maturing area with newer amenities and infrastructure.

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