62 Springwater Road

Bridgwater Lakes, Winnipeg

Property score

88.1

Excellent

Overall 88.1 · Newer than most nearby homes

2,098 sqft (top 42%) · Built in 2018 (3 yrs newer than avg)

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

Transit 64.0 · 5-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

4% larger than neighborhood avg.

Year Built

Above average

3 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

88.1 is composed by the two sections below.

Property Score

91.9Excellent
Living Area2,098 sqft94Excellent
Year Built201897Excellent
Lot Size6,118 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

above average
2,098 sqft
0255075100
Same streetBottom 46%Same areaTop 42%CitywideTop 9%
Same street · Springwater Road
#35 / 65
Bottom 46% · Avg 2,130 sqft
Same area · Bridgwater Lakes
#497 / 1,191
Top 42% · Avg 2,018 sqft
Citywide · Winnipeg
#16,632 / 194,458
Top 9% · Avg 1,342 sqft

Tax-Assessed Value

above average
603k
0255075100
Same streetBottom 15%Same areaBottom 42%CitywideTop 8%
Same street · Springwater Road
#55 / 65
Bottom 15% · Avg 731.5k
Same area · Bridgwater Lakes
#694 / 1,191
Bottom 42% · Avg 688.3k
Citywide · Winnipeg
#14,999 / 194,458
Top 8% · Avg 390.1k

Year Built

Elite
2018
0255075100
Same streetBottom 34%Same areaTop 12%CitywideTop 4%

Lot Size

above average
6,118 sqft
0255075100
Same streetBottom 43%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

62 Springwater Road — 13 amenities found within 500 m, across 6 categories, including 3 dining (nearest 280 m), 2 healthcare (nearest 256 m), 3 shopping (nearest 137 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 12/2020CA$500k–550k
Sold price

Same street

Bottom 14%

Same area

Bottom 30%

City-wide

Top 16%

Related homes

Highlights & common questions: 62 Springwater Road, Winnipeg

Property Overview

This two-storey home in Bridgwater Lakes, built in 2018, offers modern living with a practical layout. Its key appeal lies in being a relatively new build in a popular suburban community, meaning major components like the roof, windows, and mechanical systems are likely still under warranty or have considerable life left. The attached garage and spacious 6,118 sqft lot provide everyday convenience and room for outdoor activities or future landscaping projects.

The home suits first-time buyers or young families looking for a move-in-ready property without the immediate concerns of an older home. It also appeals to value-conscious buyers who prioritize a modern structure and a larger lot over a fully renovated interior, seeing the unfinished basement as a blank canvas for future customization rather than a drawback. A thoughtful perspective is that while the home ranks in the middle of its street for size and year built, it sits within the top third of the wider Winnipeg market for living space and assessed value, suggesting it holds broader market appeal beyond its immediate block.

Frequently Asked Questions

1. What does the "unfinished basement" condition mean?
The basement is complete but not renovated into a living space. It provides ample dry storage, houses mechanical systems, and offers the potential to be finished into additional rooms (like a rec room or home office) according to a future owner's taste and budget.

2. How do the ranking percentages work?
The rankings compare this property against others on the same street, in Bridgwater Lakes, and across Winnipeg. For example, being "better than 92% in Winnipeg" for living area means only 8% of Winnipeg homes are larger, highlighting a key strength in the broader market context.

3. Is the 2020 sale price relevant today?
The sale price from December 2020 primarily provides historical context and shows the property's price trajectory. Market conditions have shifted since then, so the current assessed value and market comparisons are more relevant for determining today's value.

4. What are the benefits of the Bridgwater Lakes neighbourhood?
Bridgwater Lakes is a master-planned community known for its parks, pathways, and family-friendly amenities. This location offers a modern suburban lifestyle with newer schools, shopping plazas, and recreational facilities often within walking distance.

5. Why is the lot size a notable feature?
At over 6,000 sqft, the lot is larger than many in newer subdivisions. This provides more private outdoor space for gardening, play, or entertaining, and may offer better potential for future additions like a deck or shed, subject to local bylaws.

Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.