Property score
88.3
Excellent
Overall 88.3 · Newer than most nearby homes
1,951 sqft (bottom 48%) · Built in 2020 (5 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, 1 shop, 1 bank/ATM, and 2 place of worships nearby
Living Area
Near average
3% smaller 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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88.3 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
186 Springwater Road — 5 amenities found within 500 m, across 4 categories, including 1 dining (nearest 401 m), 1 shopping (nearest 442 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 32% | Top 50% | Top 10% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 186 Springwater Road, Bridgwater Lakes
Key Characteristics & Appeal
This is a modern, two-storey home built in 2020, situated on a notably large lot in Winnipeg's Bridgwater Lakes neighbourhood. Its primary appeal lies in a combination of new construction benefits, generous outdoor space, and a recently renovated basement. The home is positioned in a desirable area, ranking in the top tiers for lot size, building age, and overall value within both the wider city and its immediate community.
The property would best suit buyers seeking a move-in ready home from the current decade who prioritize land size—a relative rarity in newer subdivisions. It’s ideal for a growing family that values the potential for outdoor living, play, or future landscaping projects, all while being part of an established, sought-after neighbourhood. The renovated basement adds immediate functional space for recreation, a home office, or guests. A thoughtful perspective for buyers is to consider the balance between the living area (which is comfortable but not among the largest in the area) and the expansive lot; this home offers more outdoor privacy and potential than many of its newer counterparts, trading some interior square footage for exterior space.
Frequently Asked Questions
1. How does the lot size compare to typical properties in Winnipeg?
The lot of 7,903 sqft is significantly larger than average, ranking better than 88% of all properties in Winnipeg. In this neighbourhood, it's in the top 16% for land area.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but specific finishes and the scope of work should be verified through a viewing and disclosure documents to understand the quality and permits.
3. The assessed value has increased since the 2020 sale. Is this typical?
Yes, the assessed value rise from $56.6k to $62.7k aligns with broader market trends. It's worth noting that the home's current assessed value still ranks very highly (top 6% in Winnipeg), indicating strong municipal valuation growth.
4. Who would this home not be suited for?
It may be less ideal for those seeking the absolute largest interior square footage within their budget, as the living area is more moderate compared to the lot size. Those wanting a pool or requiring a specific garage size (beyond "attached") should also take note.
5. Is the property in a well-established part of Bridgwater Lakes?
Given that the home is only 6 years old, the entire area is relatively new. However, the high rankings for lot size and value within the neighbourhood suggest it is a well-regarded and established street within this newer community.
