Property score
81.7
Excellent
Overall 81.7 · Smaller but newer than most nearby homes
1,606 sqft (bottom 18%) · Built in 2016 (1 yr newer than avg)
Located in a high-income area with median household income of ~103k
Transit 74.0 · 5-min walk to transit with 2 nearby routes · Within 500m: 2 parks nearby
ਰਹਿਣ ਵਾਲਾ ਖੇਤਰ
Below average
20% smaller than neighborhood avg.
ਤਰੀਕ ਤੋਂ ਬਣਿਆ
Above average
1 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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81.7 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” (ਡੀਟੈਚਡ ਘਰ (ਕੋਂਡੋ ਨਹੀਂ), 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.
ਜ਼ਮੀਨ: ਵੱਡਾ ਖੇਤਰ = ਬਿਹਤਰ ਰੈਂਕ
ਸਾਲ: ਨਵਾਂ = ਬਿਹਤਰ ਰੈਂਕ
ਰਹਿਣ ਖੇਤਰ: ਵੱਡਾ = ਬਿਹਤਰ ਰੈਂਕ
ਮੁਲਾਂਕਣ: ਉੱਚਾ ਮੁੱਲ = ਬਿਹਤਰ ਰੈਂਕ
ਬਾਰ: ਭਰਨ ਦੀ ਲੰਬਾਈ ≈ ਤੁਸੀਂ ਕਿੰਨੇ ਸਹਿਪਾਠੀਆਂ ਨੂੰ ਪਛਾੜਦੇ ਹੋ; ਧੁਰੀ ਉੱਤੇ ਲਾਲ → ਪੀਲਾ → ਨੀਲਾ ਗਰੇਡੀਐਂਟ (ਖੱਬੇ ਤੋਂ ਸੱਜੇ)। ਟੂਟੀ ਲੰਬਵਤ ਲਕੀਰ ≈ ਮੀਡੀਅਨ ਬੈਂਚਮਾਰਕ; ਚਿੱਟਾ ਟਿਕ (ਹਲਕੀ ਛਾਂ) = ਤੁਹਾਡੀ ਸਥਿਤੀ। ਬੈਜ ਰੰਗ / diamond ਤੇ flame ਆਈਕਨ ਅਜੇ ਵੀ ਟਾਇਰ ਦੇ ਅਨੁਸਾਰ।
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.
ਨੇੜੇ ਦੇ ਸਟਾਪ, ਰੂਟ ਅਤੇ ਟ੍ਰਾਂਜ਼ਿਟ ਸਕੋਰ
Dining, education, healthcare, shopping & more
48 Red Spruce Road — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 123 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%
ਉਹੀ ਸਟ੍ਰੀਟ
ਉਹੀ ਇਲਾਕਾ
ਪੂਰਾ ਸ਼ਹਿਰ
| ਮਾਪ | ਉਹੀ ਸਟ੍ਰੀਟ | ਉਹੀ ਇਲਾਕਾ | ਪੂਰਾ ਸ਼ਹਿਰ |
|---|---|---|---|
ਵਿਕਰੀ ਮੁੱਲ | ਹੇਠਲੇ 26% | ਹੇਠਲੇ 27% | ਟਾਪ 17% |
ਉਹੀ ਸਟ੍ਰੀਟ
ਉਹੀ ਇਲਾਕਾ
ਪੂਰਾ ਸ਼ਹਿਰ
| ਮਾਪ | ਉਹੀ ਸਟ੍ਰੀਟ | ਉਹੀ ਇਲਾਕਾ | ਪੂਰਾ ਸ਼ਹਿਰ |
|---|---|---|---|
ਵਿਕਰੀ ਮੁੱਲ | ਹੇਠਲੇ 18% | ਹੇਠਲੇ 21% | ਟਾਪ 20% |
Request exact figures by email
Address · Year Built · Living Area
ਪਤਾ · ਦੂਰੀ
Property Overview & Key Characteristics
This two-storey home in Bridgwater Lakes, built in 2016, presents a practical opportunity in a modern Winnipeg neighbourhood. Its key appeal lies in its relative newness; the home is newer than 93% of properties in Winnipeg, suggesting less immediate concern for major system replacements. The lot is a standard suburban size at just under 4,500 sq ft, and the home offers 1,606 sq ft of living space with an unfinished basement, providing a blank canvas for future expansion.
The property’s primary draw is for value-conscious buyers seeking a structurally young home in a developed area, who are comfortable with a property that may require cosmetic updates or personalization. It suits first-time buyers or investors looking for a home where the major investment (the structure itself) is relatively recent, allowing renovation budgets to be focused on finishes and the basement rather than urgent repairs. A thoughtful perspective is that while its assessed value ranks lower within its immediate street and neighbourhood, its newer build date compared to the wider city could represent a trade-off: accepting a less premium location within Bridgwater Lakes for the benefit of a younger home.
Frequently Asked Questions
1. Why is the assessed value significantly different from recent sale prices?
Assessed values are for municipal tax purposes and often lag behind market trends. The sale history shows market value has been in the $470k-$490k range, which is the more relevant figure for buyers and lenders.
2. What does the ranking data (e.g., "Top 85%") actually mean?
These rankings compare this property against others in the named area. For example, "Top 85% in neighbourhood" for land area means its lot size is larger than only 15% of lots in Bridgwater Lakes, placing it in the smaller tier. It's a quick way to gauge how the property measures up locally.
3. The basement is unfinished. What should I consider?
An unfinished basement in a 2016 home is both a project and an opportunity. It allows for customization to suit your needs (e.g., a specific layout for a suite, media room, or gym) but requires a significant additional investment. Ensure you budget for proper insulation, moisture protection, and permits.
4. How does the detached garage impact usability?
A detached garage is common but requires going outside to access the house. This can be a consideration for Winnipeg winters. It may offer more flexibility for a workshop or storage but less convenience than an attached garage.
5. The home sold recently in 2023. What does that indicate?
A recent sale suggests the current owner may have had a short hold period. It’s wise to understand their reason for selling (e.g., relocation, upsizing) and to review any disclosures or inspections from that transaction, as it may provide recent history on the home’s condition.
