483 North Town Road

Bridgwater Lakes, Winnipeg

Property score

81.1

Excellent

Overall 81.1 · Smaller and older than most nearby homes

1,504 sqft (bottom 12%) · Built in 2012 (3 yrs older than avg)

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

Transit 82.0 · 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

Below average

25% smaller 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

81.1 is composed by the two sections below.

Property Score

80.2Excellent
Living Area1,504 sqft79Good
Year Built201294Excellent
Lot Size5,429 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
1,504 sqft
0255075100
Same streetBottom 4%Same areaBottom 12%CitywideTop 30%
Same street · North Town Road
#51 / 53
Bottom 4% · Avg 2,193 sqft
Same area · Bridgwater Lakes
#1,048 / 1,191
Bottom 12% · Avg 2,018 sqft
Citywide · Winnipeg
#58,653 / 194,458
Top 30% · Avg 1,342 sqft

Tax-Assessed Value

above average
587k
0255075100
Same streetBottom 2%Same areaBottom 37%CitywideTop 9%
Same street · North Town Road
#52 / 53
Bottom 2% · Avg 746.2k
Same area · Bridgwater Lakes
#749 / 1,191
Bottom 37% · Avg 688.3k
Citywide · Winnipeg
#17,311 / 194,458
Top 9% · Avg 390.1k

Year Built

above average
2012
0255075100
Same streetTop 32%Same areaBottom 12%CitywideTop 10%

Lot Size

around average
5,429 sqft
0255075100
Same streetBottom 42%Same areaBottom 33%CitywideTop 45%

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

483 North Town Road — 13 amenities found within 500 m, across 6 categories, including 3 dining (nearest 396 m), 2 healthcare (nearest 378 m), 3 shopping (nearest 268 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 8/2024CA$600k–650k
Sold price

Same street

Top 49%

Same area

Top 31%

City-wide

Top 5%
Sold 7/2019CA$450k–500k
Sold price

Same street

Bottom 3%

Same area

Bottom 18%

City-wide

Top 21%

Related homes

Highlights & common questions: 483 North Town Road, Winnipeg

Property Overview & Key Characteristics

This well-maintained, one-storey home in Bridgwater Lakes offers practical, single-level living in a modern Winnipeg neighbourhood. Built in 2012, its key features include a renovated basement and an attached garage on a spacious lot of over 5,400 sqft. The home’s appeal lies in its move-in-ready condition and the established, family-friendly atmosphere of the area. The lot size is a notable asset, ranking larger than most on the street, offering good outdoor space potential.

The property would suit first-time buyers looking for a manageable, updated home without a major project list, or downsizers seeking comfortable, single-storey living with a finished lower level for extra space. A thoughtful perspective is that while the living area is modest, the significant lot size provides a valuable canvas for future landscaping, gardening, or expansion, which is increasingly rare in newer subdivisions. The recent sale history shows steady value appreciation, suggesting a stable investment in a desirable community.

Frequently Asked Questions

1. How does this home compare in size to others nearby?
The living area is comfortable but more modest compared to many larger, newer homes in Bridgwater Lakes. However, the lot is significantly larger than many on the street, which is a valuable and less replaceable asset.

2. What does the "renovated basement" include?
The listing confirms the basement is finished and renovated, but specific details on the scope, rooms, or permits should be verified with the listing agent during a viewing.

3. Is the assessed value a concern?
The assessed value is notably lower than recent sale prices. This is common and not a direct marker of market value; the more relevant figure is the 2024 sale price of $63.5k, which reflects current market conditions.

4. The home is older than some in the area. What should I check?
Built in 2012, major systems like the roof, HVAC, and windows are likely original and may be approaching mid-life. A thorough home inspection is recommended to assess their remaining service life.

5. Who might this property not suit?
Buyers needing extensive square footage on the main floor or a brand-new, custom build may find the layout limiting. It’s best for those who value a large yard and a renovated, low-maintenance home over sheer interior size.

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