70 Springwater Road

Bridgwater Lakes, Winnipeg

Property score

88.9

Excellent

Overall 88.9 · Larger and newer than most nearby homes

2,344 sqft (top 26%) · Built in 2019 (4 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

Above average

16% 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

88.9 is composed by the two sections below.

Property Score

93.1Excellent
Living Area2,344 sqft96Excellent
Year Built201997Excellent
Lot Size6,206 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

Elite
2,344 sqft
0255075100
Same streetTop 32%Same areaTop 26%CitywideTop 4%
Same street · Springwater Road
#21 / 65
Top 32% · Avg 2,130 sqft
Same area · Bridgwater Lakes
#306 / 1,191
Top 26% · Avg 2,018 sqft
Citywide · Winnipeg
#8,466 / 194,458
Top 4% · Avg 1,342 sqft

Tax-Assessed Value

Elite
678k
0255075100
Same streetBottom 48%Same areaTop 33%CitywideTop 4%
Same street · Springwater Road
#34 / 65
Bottom 48% · Avg 731.5k
Same area · Bridgwater Lakes
#396 / 1,191
Top 33% · Avg 688.3k
Citywide · Winnipeg
#8,625 / 194,458
Top 4% · Avg 390.1k

Year Built

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

Lot Size

above average
6,206 sqft
0255075100
Same streetTop 49%Same areaTop 33%CitywideTop 27%

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

70 Springwater Road — 13 amenities found within 500 m, across 6 categories, including 3 dining (nearest 267 m), 2 healthcare (nearest 265 m), 3 shopping (nearest 149 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 2/2022CA$700k–750k
Sold price

Same street

Top 26%

Same area

Top 15%

City-wide

Top 3%

Related homes

Highlights & common questions: 70 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 balance of contemporary living, a renovated basement, and a strong position within a desirable, newer neighbourhood. The home sits on a 6,206 sqft lot and offers 2,344 sqft of living space, which ranks well above average for Winnipeg. A key, less obvious strength is its relative newness compared to most homes in the city; it is newer than 96% of Winnipeg properties, suggesting modern building standards and minimal immediate repair needs. The attached garage and lack of a pool cater to practical, family-oriented living.

The home would suit buyers seeking a move-in ready property in a prime suburban community, particularly young families or professionals who value modern amenities and community features. It’s also a strong fit for those who appreciate a home with a finished basement for extra living space and a yard size that offers room without being burdensome. The data indicates it appeals to buyers looking for a property that consistently ranks in the top tiers for size, age, and value within its broader market.


Frequently Asked Questions

1. How does this home compare to others on the street?
It ranks above average for living area and is notably newer than most on the street. Its lot size is slightly above the median, and its last sold price was higher than 58% of neighbouring sales.

2. What does the "renovated basement" entail?
The listing confirms the basement is finished, but specifics on the renovation scope, layout, or permits should be verified through a viewing and disclosure documents.

3. Is the assessed value a good indicator of the listing price?
Not directly. The assessed value is for municipal tax purposes. The home last sold for $730,000 in early 2022, which is a more relevant benchmark, though market conditions have shifted since.

4. What are the advantages of the Bridgwater Lakes neighbourhood?
As a modern, master-planned community, it typically offers newer infrastructure, parks, pathways, and family-friendly amenities. The high ranking of this home within the neighbourhood suggests it's among the more desirable properties in the area.

5. Are there any obvious drawbacks from the data provided?
The data shows no major red flags. However, the lot size, while good, isn't among the largest on the street. Buyers seeking an exceptionally large yard or a pool would need to look elsewhere.

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