471 North Town Road

Bridgwater Lakes, Winnipeg

Property score

87.2

Excellent

Overall 87.2 · Compared with neighbourhood average

2,225 sqft (top 35%) · Built in 2014 (1 yr older than avg)

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

Transit 74.0 · 2-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

10% larger than neighborhood avg.

Year Built

Near average

1 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

87.2 is composed by the two sections below.

Property Score

90.4Excellent
Living Area2,225 sqft96Excellent
Year Built201494Excellent
Lot Size5,211 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
2,225 sqft
0255075100
Same streetBottom 45%Same areaTop 35%CitywideTop 6%
Same street · North Town Road
#29 / 53
Bottom 45% · Avg 2,193 sqft
Same area · Bridgwater Lakes
#416 / 1,191
Top 35% · Avg 2,018 sqft
Citywide · Winnipeg
#11,904 / 194,458
Top 6% · Avg 1,342 sqft

Tax-Assessed Value

Elite
660k
0255075100
Same streetBottom 36%Same areaTop 40%CitywideTop 5%
Same street · North Town Road
#34 / 53
Bottom 36% · Avg 746.2k
Same area · Bridgwater Lakes
#475 / 1,191
Top 40% · Avg 688.3k
Citywide · Winnipeg
#9,682 / 194,458
Top 5% · Avg 390.1k

Year Built

Elite
2014
0255075100
Same streetTop 2%Same areaTop 45%CitywideTop 8%

Lot Size

around average
5,211 sqft
0255075100
Same streetBottom 1%Same areaBottom 29%CitywideTop 49%

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

471 North Town Road — 13 amenities found within 500 m, across 6 categories, including 3 dining (nearest 352 m), 2 healthcare (nearest 335 m), 3 shopping (nearest 228 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 7/2024CA$650k–700k
Sold price

Same street

Top 43%

Same area

Top 26%

City-wide

Top 5%
Sold 11/2021CA$700k–750k
Sold price

Same street

Top 37%

Same area

Top 17%

City-wide

Top 3%

Related homes

Highlights & common questions: 471 North Town Road, Winnipeg

Property Summary: 471 North Town Road, Bridgwater Lakes

Key Characteristics & Appeal

This two-storey home, built in 2014, presents a balanced offering in the popular Bridgwater Lakes community. Its key features include a renovated basement, an attached garage, and a generous 2,225 sqft of living space situated on a large 5,211 sqft lot. The home’s appeal lies in its modern age combined with established landscaping, offering a move-in-ready canvas that still allows for personalization. Recent sales history shows active market interest, with a sale in mid-2024.

The property’s value proposition is nuanced. While its lot size ranks lower on its specific street, the home itself scores very well for its living area and assessed value against wider Winnipeg benchmarks, placing it in the top 5-10% of the city. This suggests a well-proportioned home in a desirable newer neighbourhood. It would suit buyers looking for a modern, low-maintenance family home in a master-planned community, who prioritize interior space and city-wide value over having the largest lot on the block. It’s also a sensible option for those wary of brand-new construction premiums but wanting a home that’s far from outdated.

Frequently Asked Questions

1. How does the lot size compare to the neighbourhood?
At 5,211 sqft, the lot is larger than the majority of properties in Winnipeg and is a good size for the Bridgwater Lakes area. The data indicates it is, however, on the smaller side compared to its immediate neighbours on North Town Road.

2. What does the sales history indicate?
The home sold in July 2024 and previously in November 2021. The 2021 sale at $710k was notably higher than the 2024 sale price, which may reflect broader market adjustments. This history provides clear, recent market price points for comparison.

3. Is the basement finished, and what was the renovation?
Yes, the basement is renovated. The listing confirms the renovation but does not specify the scope. This would be a key point to clarify with the seller regarding the quality, permits, and nature of the finished space.

4. How does this home rank for value in the city?
The assessed value of $660k ranks very highly—better than 96% of Winnipeg homes. This strong assessment relative to the city suggests the municipality views it as a substantial property, though the final market price is always determined by buyers.

5. What are the implications of the "newer" build year ranking?
Built in 2014, it is newer than 91% of Winnipeg homes, offering modern construction standards. On its street, it ranks as the 2nd newest, meaning most nearby homes are of a similar vintage, contributing to neighbourhood consistency.

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