27 Springwater Road

Bridgwater Lakes, Winnipeg

Property score

86.9

Excellent

Overall 86.9 · Newer than most nearby homes

2,072 sqft (top 42%) · Built in 2019 (4 yrs newer than avg)

Located in a high-income area with median household income of ~103k

Transit 74.0 · 4-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

Near average

3% 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)

Sold Count

738

Median price

647.5k

$/sqft

$319/sqft

Avg build year

2015

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Property score

86.9 is composed by the two sections below.

Property Score

89.8Excellent
Living Area2,072 sqft94Excellent
Year Built201997Excellent
Lot Size5,430 sqft67Good
Neighbourhood Sales Activity79Good

Community Score

82.5Excellent
Household Income86Excellent
Education Level91Excellent
Housing Stress42Low
Core Housing Need88Excellent
Employment Health83Excellent

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111257

Community deep dive

$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

Population, labour & age

Population (2021)11,365
Labour force participation rate77%
Median age30.4
Avg household size3.1
Unemployment rate8%
Population density1696 / km²

Households & income

Low income (LIM-AT, % pop.)14%
Single-person households13%
Couple families with children44%
Median household income (2020)$103K

Housing

Renter households21%
Condominium dwellings14%
Median dwelling value (owners)$500K

Diversity, education & language

Immigrants (share of pop.)47%
Visible minority69%
Bachelor's or higher (25–64)58%
Mother tongue (1st)English · 39%
Mother tongue (2nd)Chinese · 20%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
2,072 sqft
0255075100
Same streetBottom 45%Same areaTop 42%CitywideTop 9%
Same street · Springwater Road
#36 / 65
Bottom 45% · Avg 2,130 sqft
Same area · Bridgwater Lakes
#506 / 1,191
Top 42% · Avg 2,018 sqft
Citywide · Winnipeg
#17,769 / 194,458
Top 9% · Avg 1,342 sqft

Tax-Assessed Value

above average
615k
0255075100
Same streetBottom 18%Same areaBottom 46%CitywideTop 7%
Same street · Springwater Road
#53 / 65
Bottom 18% · Avg 731.5k
Same area · Bridgwater Lakes
#646 / 1,191
Bottom 46% · Avg 688.3k
Citywide · Winnipeg
#13,533 / 194,458
Top 7% · Avg 390.1k

Year Built

Elite
2019
0255075100
Same streetTop 22%Same areaTop 5%CitywideTop 4%

Lot Size

around average
5,430 sqft
0255075100
Same streetBottom 6%Same areaBottom 35%CitywideTop 45%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

27 Springwater Road — 13 amenities found within 500 m, across 6 categories, including 3 dining (nearest 361 m), 2 healthcare (nearest 324 m), 3 shopping (nearest 205 m).

Search radius
🍽️Dining3
🏥Healthcare2
🛒Shopping3
🏦Finance2
Fuel Stations1
Worship2

Crime & Safety

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%

Sales History

Sold 3/2019CA$450k–500k
Sold price

Same street

Bottom 10%

Same area

Bottom 25%

City-wide

Top 18%

Related homes

Highlights & common questions: 27 Springwater Road, Winnipeg

Property Overview: 27 Springwater Road, Bridgwater Lakes

Key Characteristics & Buyer Profile

This is a modern, two-storey home built in 2019, offering a move-in-ready foundation in the popular Bridgwater Lakes community. Its key appeal lies in its balance of contemporary age and established neighbourhood living. The home sits on a generous 5,430 sqft lot—larger than most on its street—and features over 2,000 sqft of living space with an attached garage and an unfinished basement, presenting a clean slate for future customization.

The property suits first-time buyers or young families seeking a newer build without the premium of a brand-new home, and value-conscious buyers who see potential in personalizing an unfinished basement. A thoughtful perspective is its relative newness within an established street; while the home itself is newer than 78% of its immediate neighbours, its lot size ranks highly, suggesting it may offer more outdoor space than newer infill properties. It’s a practical choice for those who want a low-maintenance, modern structure but also desire room to grow outdoors or add value through a basement renovation down the line.

Frequently Asked Questions

1. How does this home compare to others in Bridgwater Lakes?
It is a newer home in the neighbourhood, built more recently than 95% of surrounding properties. Its living area is above average for the area, while its lot size is larger than most on Springwater Road itself.

2. Is the basement usable in its current state?
The basement is included but is noted as "not renovated." It is unfinished, meaning it has bare walls and concrete floors, offering significant potential for future development to suit a buyer's needs and budget.

3. What does the assessed value versus the last sold price indicate?
The home was last sold in 2019 for $48.5k and now has a municipal assessed value of $61.5k. This change reflects market adjustments and property assessments over time, but the listing price should be confirmed, as it is not provided in this data.

4. Who might this property not suit?
It may not suit buyers seeking a fully turnkey home with a finished basement or those desiring an older, character-filled property. It also may not appeal to buyers looking for a top-tier lot size within the wider Winnipeg area, as it ranks in the middle ranges locally.

5. What is the immediate neighbourhood like?
The home is on a quiet residential street within the master-planned Bridgwater Lakes community. The provided data shows nearby properties are of similar age and style, indicating a consistent, modern streetscape.

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