Property score
87.5
Excellent
Overall 87.5 · Newer than most nearby homes
2,040 sqft (top 45%) · Built in 2018 (3 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
1% larger 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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87.5 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 Springwater Road — 13 amenities found within 500 m, across 6 categories, including 3 dining (nearest 348 m), 2 healthcare (nearest 310 m), 3 shopping (nearest 190 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 42% | Top 25% | Top 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 31 Springwater Road, Bridgwater Lakes
Key Characteristics & Appeal
This two-storey home, built in 2018, presents a modern, low-maintenance living option in the popular Bridgwater Lakes community. Its key appeal lies in its balance of contemporary construction and established neighbourhood living. The property features a 2,040 sqft living area, an attached garage, and a full, unfinished basement on a 5,666 sqft lot, offering space for future customization.
The home’s primary strength is its relative newness within a mature context. While it ranks in the middle of its immediate street for size and recent sale price, it stands out significantly in broader comparisons: it is newer than 95% of Winnipeg homes and larger than 91% of them. This suggests a well-built, modern home in a sought-after area that has already seen significant development. The sold price in May 2024 of $66.30k above the assessed value indicates strong market recognition.
This property would suit first-time buyers or young families seeking a move-in ready home without the concerns of aging infrastructure. It’s also a practical choice for professionals who value a modern community aesthetic and the potential to finish the basement to their own specifications over time. The data suggests it offers a "best of both worlds" scenario: a newer build in an already-established and desirable neighbourhood, avoiding the uncertainties of a brand-new subdivision.
Frequently Asked Questions
1. What does the "rank" data actually mean for a buyer?
The percentile rankings show how this property compares to others. For example, being "newer than 95% of Winnipeg" is a significant advantage, indicating lower immediate costs for repairs or updates. The mid-range rankings on its own street suggest it fits the local norm, not an outlier.
2. The basement is noted as "not renovated." What does that entail?
It means the basement is unfinished. This is a blank canvas for future expansion—such as adding a rec room, home office, or additional bedroom—but requires a planned investment to realize its potential.
3. The sold price is higher than the assessed value. Is that a concern?
Not necessarily. Assessed value is for municipal tax purposes, while the sold price reflects the current market value agreed upon by a buyer and seller. The higher sale price is common in active markets and for desirable properties, confirming buyers were willing to pay a premium for this home.
4. Who might this home not be ideal for?
It may not suit buyers looking for a fully turnkey property with a finished basement ready for immediate use, or those seeking a lot that is significantly larger than others on the street. Gardeners or those wanting extensive outdoor space might find the lot size adequate but not expansive.
5. The lot is noted as larger than 78% of lots on the street. Is that important?
Yes, this is a subtle but valuable advantage. On a street of newer homes, having a lot size in the top quarter provides slightly more outdoor privacy, space for landscaping, or potential additions compared to many direct neighbours.
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