46 Springwater Road

Bridgwater Lakes, Winnipeg

Property score

90.7

Excellent

Overall 90.7 · Larger and newer than most nearby homes

2,608 sqft (top 8%) · Built in 2019 (4 yrs newer than avg)

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

Transit 80.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 3 dining spots, 2 healthcare facilitys, 3 shops, and 2 bank/ATMs nearby

Living Area

Above average

29% 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

90.7 is composed by the two sections below.

Property Score

96.1Excellent
Living Area2,608 sqft98Excellent
Year Built201997Excellent
Lot Size8,281 sqft93Excellent
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
2,608 sqft
0255075100
Same streetTop 6%Same areaTop 8%CitywideTop 2%
Same street · Springwater Road
#4 / 65
Top 6% · Avg 2,130 sqft
Same area · Bridgwater Lakes
#96 / 1,191
Top 8% · Avg 2,018 sqft
Citywide · Winnipeg
#4,352 / 194,458
Top 2% · Avg 1,342 sqft

Tax-Assessed Value

Elite
706k
0255075100
Same streetTop 43%Same areaTop 25%CitywideTop 4%
Same street · Springwater Road
#28 / 65
Top 43% · Avg 731.5k
Same area · Bridgwater Lakes
#301 / 1,191
Top 25% · Avg 688.3k
Citywide · Winnipeg
#7,262 / 194,458
Top 4% · Avg 390.1k

Year Built

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

Lot Size

above average
8,281 sqft
0255075100
Same streetTop 22%Same areaTop 15%CitywideTop 10%

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

46 Springwater Road — 13 amenities found within 500 m, across 6 categories, including 3 dining (nearest 291 m), 2 healthcare (nearest 250 m), 3 shopping (nearest 132 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 10/2019CA$550k–600k
Sold price

Same street

Bottom 40%

Same area

Top 41%

City-wide

Top 7%

Related homes

Highlights & common questions: 46 Springwater Road, Winnipeg

Property Overview & Key Characteristics

This two-storey home in Bridgwater Lakes is a modern, low-maintenance property built in 2019. Its primary appeal lies in its combination of a spacious, contemporary layout and a generous, established lot. With over 2,600 square feet of living space, it ranks in the top 10% of Winnipeg homes for size, offering ample room for family life. The property sits on a large 8,281 sqft lot, providing significant outdoor space that is rare for newer builds in the area. While the basement is unfinished, this presents a clean slate for future customization.

The home is ideally suited for growing families or professionals seeking a move-in ready, modern home in a sought-after community without the wait and uncertainty of new construction. It also appeals to buyers who value both interior space and substantial yard size—a combination that can be difficult to find. The strong rankings across neighbourhood and city metrics for lot size, living area, and assessed value suggest a solid, above-average property within its market.


Frequently Asked Questions

1. What is the significance of the property’s rankings?
The rankings compare this home against others on its street, in Bridgwater Lakes, and across Winnipeg. For example, its living area is in the top 6% on its street and top 2% city-wide, objectively highlighting its above-average size and space.

2. The assessed value is much higher than the last sale price. What does this mean?
The home last sold in 2019 for $600,000. The current assessed value of $706,000 reflects the municipal assessment for taxation, which considers market trends and improvements. It indicates strong appreciation, but the true market value is determined by current buyer demand.

3. Is the large lot a common feature here?
An 8,281 sqft lot is notably larger than average for this neighbourhood, ranking in the top 15%. It offers more privacy and yard space than many newer properties, which often have smaller lot footprints.

4. Who would the unfinished basement benefit?
An unfinished basement is a plus for buyers wanting to customize the space to their exact needs, whether for a home theatre, gym, or suite. It avoids the cost of undoing someone else’s renovations and allows for modern, up-to-date finishes.

5. How does this property fit into the Bridgwater Lakes community?
Built in 2019, this home is among the newer residences in the area but is now past the initial "brand new" phase. This means the landscaping and neighbourhood greenery have had time to mature, offering a more established feel while the home itself remains modern.

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