38 Silver Creek Road

Bridgwater Trails, Winnipeg

Property score

78.2

Good

Overall 78.2 · Smaller than most nearby homes

1,504 sqft (bottom 23%) · Built in 2019

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

Transit 80.0 · 2-min walk to transit with 3 nearby routes

Living Area

Below average

19% smaller than neighborhood avg.

Year Built

Near average

0 yrs newer 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

78.2 is composed by the two sections below.

Property Score

75.4Good
Living Area1,504 sqft79Good
Year Built201997Excellent
Lot Size2,556 sqft28Low
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

above average
1,504 sqft
0255075100
Same streetTop 32%Same areaBottom 23%CitywideTop 30%
Same street · Silver Creek Road
#22 / 68
Top 32% · Avg 1,461 sqft
Same area · Bridgwater Trails
#992 / 1,282
Bottom 23% · Avg 1,849 sqft
Citywide · Winnipeg
#58,653 / 194,458
Top 30% · Avg 1,342 sqft

Tax-Assessed Value

above average
461k
0255075100
Same streetBottom 22%Same areaBottom 14%CitywideTop 26%
Same street · Silver Creek Road
#53 / 68
Bottom 22% · Avg 473.4k
Same area · Bridgwater Trails
#1,100 / 1,282
Bottom 14% · Avg 596.2k
Citywide · Winnipeg
#51,472 / 194,458
Top 26% · Avg 390.1k

Year Built

Elite
2019
0255075100
Same streetTop 7%Same areaTop 35%CitywideTop 4%

Lot Size

around average
2,556 sqft
0255075100
Same streetBottom 34%Same areaBottom 2%CitywideBottom 6%

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 3/2019CA$350k–400k
Sold price

Same street

Bottom 29%

Same area

Bottom 9%

City-wide

Top 45%

Related homes

Highlights & common questions: 38 Silver Creek Road, Winnipeg

Property Overview

This two-storey home in Bridgwater Trails offers a modern, low-maintenance lifestyle in a sought-after Winnipeg community. Built in 2019, it presents a move-in ready property with an attached garage and an unfinished basement, providing a blank canvas for future expansion. The appeal lies in its balance of contemporary construction and potential for personalization. While its living space is comfortably sized, the property’s standout feature is its lot size, which is notably larger than many in the immediate area, offering more outdoor space than typical for newer builds in this neighbourhood. It suits first-time buyers or young families looking for a modern home in a popular area without the premium price of a fully renovated or custom-built property, as well as value-conscious buyers who see the unfinished basement as an opportunity to add equity tailored to their own needs.

Key Details & FAQs

  • Key Characteristics: A 2019 two-storey home with 1,504 sqft of living space, an attached garage, and an unfinished basement on a 2,556 sqft lot in Bridgwater Trails.
  • Primary Appeal: A modern, low-maintenance build on a larger-than-average lot for the street, offering immediate livability with the long-term potential of basement development.
  • Ideal For: First-time buyers, young families, or investors seeking a contemporary property in a growing community, particularly those who value outdoor space and see an unfinished basement as a customizable asset rather than a drawback.

Frequently Asked Questions

How does this home compare to others on the street?
It occupies a unique position. While its living area and assessed value are mid-range for Silver Creek Road, it sits on one of the larger lots (top third for lot size) and is one of the newer homes (top 7% by build year), suggesting a premium location within the street.

What does the "unfinished basement" entail?
The basement is a blank slate—it is structurally complete with rough-ins for utilities but lacks interior walls, flooring, and finished ceilings. This represents both a cost-saving on the purchase price and a future opportunity to add significant living space and value according to your own specifications and budget.

Is the assessed value a reliable indicator of the selling price?
Not directly. The assessed value of $461,000 is for municipal tax purposes. Market value is determined by current supply, demand, and recent sales of comparable homes. The provided comparable listings with similar assessments but in different neighbourhoods highlight how location heavily influences actual market price.

What is the Bridgwater Trails neighbourhood like?
It's a modern, master-planned community in south Winnipeg known for its parks, pathways, and newer housing stock. The property data shows this home is newer than about 65% of homes in the broader Bridgwater area, placing it firmly in the newer phase of the community's development.

Why are the historical sale details from 2019 relevant?
The home sold for $358,000 when new. Comparing that to its current assessed value provides a general indicator of market appreciation over five years, though it's essential to get a current market evaluation for an accurate present-day value.

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