23 Silver Creek Road

Bridgwater Trails, Winnipeg

Property score

79.1

Good

Overall 79.1 · Smaller than most nearby homes

1,479 sqft (bottom 14%) · Built in 2018 (1 yr older than avg)

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

Transit 88.0 · 1-min walk to transit with 3 nearby routes

Living Area

Below average

20% smaller than neighborhood avg.

Year Built

Near average

1 yrs older than neighborhood avg.

Mother tongue

English · 40%Chinese · 21%

Past 10 years Bridgwater Trails sales snapshot (~80% of all data)

Sold Count

1,068

Median price

563.8k

$/sqft

$347/sqft

Avg build year

2019

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Property score

79.1 is composed by the two sections below.

Property Score

76.8Good
Living Area1,479 sqft75Good
Year Built201897Excellent
Lot Size4,426 sqft53Fair
Neighbourhood Sales Activity89Excellent

Community Score

82.5Excellent
Household Income86Excellent
Education Level91Excellent
Housing Stress42Low
Core Housing Need88Excellent
Employment Health83Excellent

Neighbourhood Sales

Bridgwater Trails

How to read: Share of sales in each ~$50k price band for “bridgwater trails” (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

around average
1,479 sqft
0255075100
Same streetBottom 26%Same areaBottom 14%CitywideTop 32%
Same street · Silver Creek Road
#50 / 68
Bottom 26% · Avg 1,461 sqft
Same area · Bridgwater Trails
#1,099 / 1,282
Bottom 14% · Avg 1,849 sqft
Citywide · Winnipeg
#61,869 / 194,458
Top 32% · Avg 1,342 sqft

Tax-Assessed Value

above average
455k
0255075100
Same streetBottom 16%Same areaBottom 11%CitywideTop 28%
Same street · Silver Creek Road
#57 / 68
Bottom 16% · Avg 473.4k
Same area · Bridgwater Trails
#1,143 / 1,282
Bottom 11% · Avg 596.2k
Citywide · Winnipeg
#53,483 / 194,458
Top 28% · Avg 390.1k

Year Built

Elite
2018
0255075100
Same streetBottom 46%Same areaBottom 47%CitywideTop 4%

Lot Size

above average
4,426 sqft
0255075100
Same streetTop 9%Same areaBottom 39%CitywideBottom 33%

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

Search radius
No data within 500 m.

Crime & Safety

Bridgwater Trails · WPS public data · 2026

Annual incidents

2

2026

vs. city avg

-93%

relative to avg

Year-over-year

-97%

vs. prior year

Primary type

Property

50%

Sales History

Sold 2/2025CA$500k–550k
Sold price

Same street

Top 12%

Same area

Top 40%

City-wide

Top 14%
Sold 6/2021CA$400k–450k
Sold price

Same street

Top 33%

Same area

Bottom 35%

City-wide

Top 24%

Related homes

Highlights & common questions: 23 Silver Creek Road, Winnipeg

Property Overview & Appeal

This two-storey home in Bridgwater Trails is a modern, low-maintenance property built in 2018. Its key appeal lies in its balance of being a relatively new build in a popular suburban neighbourhood, requiring less immediate upkeep, while being priced accessibly compared to brand-new constructions. The lot is a generous size for the area, ranking in the top 9% on its street.

The home would suit first-time buyers or young families looking for a move-in-ready, modern home without a premium price tag. It's also a practical choice for those who value a newer building envelope (roof, windows, furnace) for predictable utility and maintenance costs. A less obvious angle is its appeal to value-focused buyers who see potential in the unfinished basement—a blank canvas for future expansion without the initial cost being factored into the purchase price.

Key Details & FAQs

Key Characteristics:

  • Built: 2018
  • Style: Two Storey
  • Living Area: 1,479 sqft
  • Land Area: 4,426 sqft
  • Basement: Yes, unfinished
  • Garage: None
  • Recent Sale Price (Feb 2025): $517,000

Frequently Asked Questions

1. How does this home compare to others in Bridgwater Trails?
The home is newer than about half the houses in the neighbourhood, but its living space is more compact, ranking in the top 86% (meaning 86% of area homes are larger). Its recent sale price, however, was stronger, surpassing 46% of neighbourhood sales. This suggests you're paying a premium for the home's newer age and condition rather than its size.

2. Is the lack of a garage a significant drawback?
This depends on your lifestyle and storage needs. Many newer neighbourhoods have strict bylaws against permanent outdoor sheds, so storage solutions for tools, bicycles, and seasonal items will require creative planning, such as utilizing the unfinished basement or investing in a permitted shed if allowed.

3. The assessed value is much lower than the sale price. Why?
Municipal assessed value for tax purposes often lags behind the current market and is based on mass appraisal techniques. The sale price reflects what a buyer was willing to pay in the competitive 2025 market. The significant jump from its 2021 sale price of $443,000 highlights strong market appreciation for the area and property type.

4. What does the "unfinished basement" mean for me?
It offers both flexibility and a cost-saving opportunity. You avoid paying for someone else's renovation choices and can finish the space to suit your needs over time. However, you should budget for this future project and consider factors like ceiling height and window well sizes for potential bedrooms.

5. The home sold recently. What does this listing represent?
This is a detailed record of that completed sale. It provides transparent market data for neighbourhood comparison. For a buyer, it's a valuable benchmark for understanding what similar properties have actually sold for, beyond just asking prices.

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