88.5
Excellent
Property score
88.5
Excellent
Overall 88.5
Larger than most nearby homes
2,346 sqft (top 25%)
Built in 2013 (2 yrs older than avg)
Located in a high-income area
with median household income of ~103k
Transit 70.0
6-min walk to transit with 3 nearby routes
Within 500m: 1 park nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Above average
16% larger than neighborhood avg.
Year Built
Below average
2 yrs older 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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88.5 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
31 Lake Bend Road — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 213 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 27% | Top 47% | Top 9% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 31 Lake Bend Road, Bridgwater Lakes
Section 1: Key Characteristics & Appeal
This two-storey home in the sought-after Bridgwater Lakes community presents a compelling blend of space, location, and modern convenience. Built in 2013, its key feature is a generously renovated basement, adding significant liveable square footage to the already spacious 2,346 sqft main living area. The home sits on a large lot (over 6,150 sqft), providing ample outdoor space that ranks well above average for the street and neighbourhood.
The appeal lies in its established yet modern feel within a newer community. The property’s assessed value ranks in the top 3% city-wide, indicating strong underlying value and desirability. Its lot size and living space are notably larger than many nearby comparables, offering a sense of rarity for the area. This home would suit growing families or professionals seeking a move-in ready property with room to grow, particularly those who value a finished lower level for entertainment, guests, or a home office. It’s also a solid option for buyers who prioritize a property with metrics—like lot size and assessed value—that stand out positively against most of Winnipeg.
Section 2: Frequently Asked Questions
1. How does the 2016 sale price compare to today's likely value?
The home last sold for $570,000 in late 2016. Given the substantial increase in its assessed value since then and strong rankings against current city-wide data, it is positioned in a higher value tier today, reflecting market appreciation and the completed basement renovation.
2. Is the lot size typical for Bridgwater Lakes?
No, the lot is a standout feature. At over 6,150 sqft, it is larger than 55% of lots on Lake Bend Road and 66% within Bridgwater Lakes, offering more private outdoor space than many newer community properties.
3. The home is 13 years old. How does that compare to the neighbourhood?
Bridgwater Lakes is a relatively new community. While this home is older than 77% of houses on its specific street, it is newer than 90% of all homes in Winnipeg, striking a balance between established landscaping and modern construction standards.
4. What does the high assessed value ranking mean?
An assessed value ranking in the top 3% in Winnipeg and top 19% in the neighbourhood suggests the municipal assessment views this property as being among the more valuable homes, which often correlates with desirable features, condition, and location.
5. Are the nearby "similar value" properties comparable in style and area?
The listed properties with similar assessed values are located in various neighbourhoods across Winnipeg. This indicates that 31 Lake Bend Road offers a value proposition competitive with homes in other established areas, but within the specific, popular setting of Bridgwater Lakes.
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