40 Bridge Lake Drive

Bridgwater Lakes, Winnipeg

Property score

88.5

Excellent

Overall 88.5 · Larger but older than most nearby homes

2,352 sqft (top 24%) · Built in 2012 (3 yrs older than avg)

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

Transit 82.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 2 healthcare facilitys, 2 shops, and 1 park nearby

Living Area

Above average

17% larger than neighborhood avg.

Year Built

Below average

3 yrs older 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

88.5 is composed by the two sections below.

Property Score

92.5Excellent
Living Area2,352 sqft96Excellent
Year Built201294Excellent
Lot Size6,136 sqft81Excellent
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

Elite
2,352 sqft
0255075100
Same streetTop 16%Same areaTop 24%CitywideTop 4%
Same street · Bridge Lake Drive
#26 / 158
Top 16% · Avg 1,844 sqft
Same area · Bridgwater Lakes
#290 / 1,191
Top 24% · Avg 2,018 sqft
Citywide · Winnipeg
#8,290 / 194,458
Top 4% · Avg 1,342 sqft

Tax-Assessed Value

Elite
673k
0255075100
Same streetTop 28%Same areaTop 35%CitywideTop 5%
Same street · Bridge Lake Drive
#44 / 158
Top 28% · Avg 627.7k
Same area · Bridgwater Lakes
#411 / 1,191
Top 35% · Avg 688.3k
Citywide · Winnipeg
#8,932 / 194,458
Top 5% · Avg 390.1k

Year Built

above average
2012
0255075100
Same streetBottom 10%Same areaBottom 12%CitywideTop 10%

Lot Size

above average
6,136 sqft
0255075100
Same streetTop 25%Same areaTop 37%CitywideTop 28%

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

40 Bridge Lake Drive — 8 amenities found within 500 m, across 6 categories, including 1 dining (nearest 448 m), 2 healthcare (nearest 475 m), 2 shopping (nearest 313 m).

Search radius
🍽️Dining1
🏥Healthcare2
🛒Shopping2
🌳Parks1
🏦Finance1
Fuel Stations1

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 7/2020CA$550k–600k
Sold price

Same street

Top 27%

Same area

Top 47%

City-wide

Top 9%

Related homes

Highlights & common questions: 40 Bridge Lake Drive, Winnipeg

Property Overview

This two-storey home in Bridgwater Lakes offers a well-maintained, move-in-ready space built in 2012. Its primary appeal lies in its generous proportions and established location. The house sits on a large lot (over 6,100 sq ft), providing ample outdoor space that is increasingly rare in newer subdivisions. With a living area of 2,352 sq ft and an attached garage, it suits growing families or professionals seeking room without the burden of an immediate major renovation. The unrenovated basement presents a clean slate for future customization.

The property’s standout characteristic is its strong positional value within its broader context. While the home itself is older than many in its immediate street and neighbourhood, it ranks highly for lot size, living space, and assessed value compared to most of Winnipeg. This suggests you are acquiring a property with above-average physical assets in a desirable, mature pocket of a popular community. It would particularly suit a buyer who values a larger yard and established landscaping over a brand-new build, and who sees potential in personalizing the basement over time.


Frequently Asked Questions

1. How does the age of this home (built 2012) compare to the area?
While well-maintained, this home is older than approximately 90% of the houses on its own street and 88% in Bridgwater Lakes. This is typical for an early build in a community that has seen ongoing development. The trade-off is a larger, more established lot compared to newer homes nearby.

2. The assessed value seems low. Why is that?
Manitoba’s property assessments are not market valuations; they are used for calculating municipal taxes. The assessed value here is in the top 4% for all of Winnipeg, indicating it is considered a high-value property by the city. The sale price will be determined by the current market.

3. What does the "unrenovated basement" mean?
It indicates the basement is finished but has not been updated since the home was built. It is likely functional and clean, but may feature builder-grade materials and design from 2012. Buyers should view this as neutral space ready for their personal style, not as a deficiency.

4. The home sold in 2020. What can that price tell me?
The 2020 sale price provides historical context, but the market has shifted significantly since then. It is most useful for understanding the property’s price trajectory, not for predicting its current value. The fact it ranks highly against more recent sales city-wide suggests it has held its value well.

5. Who are the typical neighbours?
Bridgwater Lakes is a family-oriented community. Given the home’s size and the stage of the neighbourhood, you can expect a mix of original owners who purchased early in the community's development and newer families who have moved into resale homes. The area is known for its parks, pathways, and lakes.

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