Property score
88.9
Excellent
Overall 88.9 · Newer than most nearby homes
2,184 sqft (top 37%) · Built in 2022 (7 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: 2 place of worships nearby
Living Area
Near average
8% larger than neighborhood avg.
Year Built
Above average
7 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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88.9 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
218 Springwater Road — 2 amenities found within 500 m, across 1 categories.
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 14% | 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 2022-built two-storey home in Bridgwater Lakes offers a modern, low-maintenance lifestyle. Its key appeal lies in being a nearly new property with a renovated basement, situated on a spacious lot that is larger than most in the area. The home ranks highly for its newness, assessed value, and living space compared to most of Winnipeg, suggesting a premium, contemporary build in a desirable community. It would suit buyers looking for a turnkey, modern home without the wait of new construction, particularly young professionals, growing families, or downsizers seeking single-level living potential with a finished basement. A thoughtful perspective is that while the home is newer, its value has appreciated significantly from its 2022 sale price, indicating strong market confidence in the location. The lot size offers room for outdoor enjoyment, a notable advantage in newer neighbourhoods where lots are often smaller.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Bridgwater Lakes, and across Winnipeg. For example, being "better than 98% in Winnipeg" for year built means it is newer than almost all homes in the city, a mark of modern construction.
2. Is the basement development legal and permitted?
The listing notes the basement is "renovated." It is essential to verify with the seller or your agent that any renovations were completed with the proper permits and meet local building codes.
3. What are the annual property taxes?
The assessed value is $810,000. Taxes are not listed here; you should consult the current municipal tax rate to calculate the estimated annual property tax bill.
4. Why is there such a difference between the 2022 sale price and the current assessed value?
The home sold for $87,100 in April 2022, likely as a pre-construction or new build purchase. The current $810,000 assessment reflects the completed home's market value, showing significant equity growth and the premium for a modern, finished property in a sought-after area.
5. What is the community of Bridgwater Lakes like?
Bridgwater Lakes is a modern neighbourhood in Winnipeg's Waverley West area, known for its lakes, pathways, and newer amenities. The high rankings within the neighbourhood suggest this is one of its more premium properties.
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