Property score
84.6
Excellent
Overall 84.6 · Newer than most nearby homes
1,760 sqft (bottom 32%) · Built in 2018 (3 yrs newer than avg)
Located in a high-income area with median household income of ~103k
Transit 74.0 · 2-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
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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84.6 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
2 Springwater Road — 13 amenities found within 500 m, across 6 categories, including 3 dining (nearest 440 m), 2 healthcare (nearest 414 m), 3 shopping (nearest 297 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 46% | Top 35% | Top 6% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 2 Springwater Road, Bridgwater Lakes
Key Characteristics & Appeal
This is a modern, two-storey home built in 2018, offering a low-maintenance lifestyle in the popular Bridgwater Lakes community. Its key features include a renovated basement and an attached garage, situated on a generous 5,542 sqft lot. The home’s primary appeal lies in its balance of contemporary construction and established neighbourhood living. While its living space is comfortable, the property’s standout metrics are its relative newness and value—it ranks newer than 95% of Winnipeg homes and has an assessed value higher than 94% of them. This suggests a well-regarded, energy-efficient home that has required minimal major upkeep.
The property would suit first-time buyers or young families seeking a move-in ready home in a newer suburb without the premium of a brand-new build. It also appeals to value-conscious buyers who prioritize a modern foundation and a larger lot over maximum interior square footage. A thoughtful perspective: its above-average rankings for year and value, contrasted with more modest rankings for living area on its street, indicate it’s a solid, newer property on a street that may have a mix of larger, older homes, offering a blend of modern comforts within a maturing streetscape.
Frequently Asked Questions
1. How does the lot size compare to others in the area?
At 5,542 sqft, the lot is larger than average for Winnipeg and the immediate neighbourhood, offering good outdoor space. However, on Springwater Road itself, it ranks better than only 9% of lots, meaning most direct neighbours have larger properties.
2. What does the "renovated basement" entail?
The listing confirms the basement is finished but does not specify the scope or quality of the renovation. Buyers should inquire about the work done, permits, and the current layout to understand its functionality.
3. Is this a good value for the area?
The assessed value of $62,300k ranks highly city-wide. The home last sold for $61,500k in early 2023, suggesting stable value. Compared to a nearby reference property at 38 Springwater Road (which is larger and valued higher), this home appears positioned as a more accessible entry point into the same newish neighbourhood.
4. Who might this home not suit?
Buyers seeking a very large interior or the largest lot on the block may find limitations, as its living area and street-level lot rank are modest. Those wanting a pool or extensive, mature landscaping should note these are not featured.
5. How established is the neighbourhood?
Built in 2018, the home is in a relatively new community. Rankings show it is newer than 88% of homes in Bridgwater Lakes, meaning the area is still developing but is past the initial construction phase, with amenities and landscaping becoming more established.
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