Property score
86.3
Excellent
Overall 86.3 · Newer than most nearby homes
1,763 sqft (bottom 32%) · Built in 2018 (3 yrs newer than avg)
Located in a high-income area with median household income of ~103k
Transit 60.0 · 11-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
Below average
13% smaller than neighborhood avg.
Year Built
Above average
3 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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86.3 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
190 Springwater Road — 5 amenities found within 500 m, across 4 categories, including 1 dining (nearest 416 m), 1 shopping (nearest 458 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 44% | Top 26% | Top 5% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 190 Springwater Road, Bridgwater Lakes
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2018, offers modern living in the popular Bridgwater Lakes neighbourhood. Its key appeal lies in a combination of newer construction and a generous, premium lot. The property sits on an 8,144 sqft parcel, which is larger than 85% of lots in the area, providing significant outdoor space and privacy that is less common in newer subdivisions. The home itself features 1,763 sqft of living space, an attached garage, and a full (unrenovated) basement, presenting a solid canvas for personalization.
The property’s strongest suit is its land value and desirable location within a top-tier Winnipeg community. It’s a home that suits two main types of buyers: first, those seeking a move-in ready, relatively new build who prioritize a large yard for family or future projects. Second, it appeals to value-focused buyers who see potential in the unfinished basement and recognize that the lot size itself is a long-term asset that outperforms many neighbouring properties. A thoughtful perspective is that while the interior living space is modest for the street, the exceptional lot size offers a rare opportunity to expand the home in the future, making it a strategic purchase for those planning to grow into the property.
Section 2: Frequently Asked Questions
1. How does the lot size compare to others nearby?
This is a standout feature. At over 8,000 sqft, the lot is larger than 85% of properties in Bridgwater Lakes, placing it in the top 15% for the neighbourhood. This offers more yard space and distance from neighbours than is typical for a 2018 build.
2. The home sold in early 2023. What does that recent sale price indicate?
The February 2023 sale price of $65.5k was higher than 95% of Winnipeg properties sold at that time, reflecting the premium value of the Bridgwater Lakes area and newer homes. It provides a clear, recent benchmark for market value.
3. Is the living space size typical for the area?
At 1,763 sqft, the interior is more compact than many on the street, ranking better than only 14% of homes on Springwater Road. This suggests the property’s value is weighted more toward its land and modern structure than its current square footage.
4. What does the assessed value tell us?
The $57.60k assessment is very high, ranking in the top 9% for Winnipeg. This consistently high ranking across lot size, assessed value, and recent sale price underscores the property’s position as a premium offering within the market.
5. What is the potential here for a buyer?
The potential is twofold: immediate enjoyment of a newer home in a sought-after community with a large yard, and the future opportunity to increase living space. The existing basement awaits finishing, and the generous lot could potentially accommodate additions, allowing the home to grow in value with investment.
