Property score
89.9
Excellent
Overall 89.9 · Newer than most nearby homes
2,225 sqft (top 35%) · Built in 2019 (4 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
Near average
10% 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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89.9 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
198 Springwater Road — 5 amenities found within 500 m, across 4 categories, including 1 dining (nearest 448 m), 1 shopping (nearest 491 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 12% | Top 6% | Top 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This two-storey home in Bridgwater Lakes is a modern, low-maintenance property built in 2019. Its appeal lies in a combination of newer construction, above-average living space, and a generous lot. The home sits on an 8,402 sqft parcel, which is notably larger than most in the immediate area, offering more outdoor space than typical for the neighbourhood. Inside, the 2,225 sqft living area has been updated with a renovated basement, adding to its functional space. Recent sale and assessment data suggest it is a high-performing property within Winnipeg, ranking in the top tiers for value and desirability compared to city-wide benchmarks.
It would suit a young family or professional couple looking for a move-in ready home in a planned community, who value both indoor updates and outdoor room to grow. The strong rankings against neighbours also make it a sensible choice for buyers with an eye on long-term value retention and market appeal.
Key Questions for Buyers
1. What does the ranking data actually mean?
The percentages (e.g., "Better than 90% in Winnipeg") show how this property compares to others in specific categories like lot size or assessed value. Essentially, it performs well above average in the broader market, particularly in value and newness, which can indicate strong past investment and future resale potential.
2. Is the renovated basement a legal suite?
The details provided state the basement is renovated but do not specify if it's a legal secondary suite. This is a crucial point to verify with the listing agent or city records, as it impacts value, insurance, and potential rental income.
3. Why is the lot size a standout feature?
In newer neighbourhoods like Bridgwater Lakes, lot sizes can be compact. This property's lot is larger than 82% of those on its street, offering more private yard space—a valuable and less common asset in this community.
4. How does the recent sale price compare to the assessment?
The home sold for $87.50k above its $72.40k assessed value. This significant difference is common and reflects current market value, whereas the assessment is for tax purposes and often lags behind hot market sales.
5. What is the community of Bridgwater Lakes like?
As a planned community in Waverley West, it typically offers newer amenities, parks, and pathways. The specific location on Springwater Road suggests a quiet, family-oriented street, but visiting at different times of day is recommended to gauge traffic and neighbourhood activity.
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