Property score
89.5
Excellent
Overall 89.5 · Larger and newer than most nearby homes
2,398 sqft (top 19%) · Built in 2020 (5 yrs newer than avg)
Located in a high-income area with median household income of ~103k
Transit 64.0 · 6-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
19% larger than neighborhood avg.
Year Built
Above average
5 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
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
89.5 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” (Detached houses (non-condo), 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.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
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.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
78 Springwater Road — 13 amenities found within 500 m, across 6 categories, including 3 dining (nearest 259 m), 2 healthcare (nearest 277 m), 3 shopping (nearest 166 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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 18% | Bottom 38% | Top 13% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 78 Springwater Road, Bridgwater Lakes
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2020, offers modern living in the popular Bridgwater Lakes neighbourhood. Its key appeal lies in a combination of newer construction, above-average space, and a strong position within its community. With 2,398 sqft of living area and a 7,385 sqft lot, it provides ample room for a growing family. The home features an attached garage and a basement (unrenovated, offering potential for future customization).
The property’s standout feature is its consistently high ranking across key metrics. It sits in the top tier for its year built, living area, and overall value when compared to most homes in Winnipeg, indicating a well-regarded and desirable property. Its lot size is notably larger than many on the same street, offering more outdoor space than the immediate neighbours. This home would suit buyers looking for a move-in ready, modern property in a master-planned community, particularly those who value a home that outperforms neighbourhood averages in size and newness, and who may see potential in personalizing the basement space over time.
Section 2: Frequently Asked Questions
1. How does this home compare to others on the street?
It ranks highly, especially for its newness (newer than 92% of homes on Springwater Road) and lot size (larger than 68%). Its living space is also above average for the street.
2. What does the assessed value ranking mean?
The assessed value of $688,000 is higher than 96% of homes in Winnipeg, indicating the property is considered more valuable than the vast majority of the market. Within its own neighbourhood, it’s in the top 30%.
3. Is the basement finished?
No, the basement is not renovated. This presents a blank canvas for future development, allowing a new owner to customize the space to their needs, but would require an investment to finish.
4. How stable has the property's value been?
The home last sold in August 2020 for $529,000. The current assessed value suggests significant appreciation since purchase, reflecting both market conditions and the desirability of newer homes in this area.
5. What are the immediate neighbours like?
The listing shows several nearby properties on Springwater Road, all within the Bridgwater Lakes community, suggesting a consistent streetscape of relatively new, single-family homes.
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.
