40 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
496k
0255075100
Same streetTop 21%Same areaBottom 36%CitywideTop 20%
Same street · Silver Creek Road
#14 / 68
Top 21% · Avg 473.4k
Same area · Bridgwater Trails
#823 / 1,282
Bottom 36% · Avg 596.2k
Citywide · Winnipeg
#39,699 / 194,458
Top 20% · 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 9/2021CA$450k–500k
Sold price

Same street

Top 23%

Same area

Bottom 45%

City-wide

Top 19%
Sold 7/2019CA$350k–400k
Sold price

Same street

Bottom 36%

Same area

Bottom 12%

City-wide

Top 43%

Related homes

Highlights & common questions: 40 Silver Creek Road, Winnipeg

Property Overview & Appeal

This two-storey home in Bridgwater Trails is a modern, low-maintenance property built in 2019. Its key appeal lies in a balance of contemporary living and established value. The home features a renovated basement and an attached garage on a standard-sized lot. The data suggests a property that is newer than most in Winnipeg, offering a turn-key solution without the wait or uncertainties of new construction.

Its primary suit is for first-time buyers or young professionals seeking a modern home in a planned community. It also fits downsizers looking for a manageable, updated space without renovation projects. A thoughtful perspective is its relative value; while the living area is modest, its assessed value ranks highly compared to the city, indicating a solid investment in a desirable area. However, its lot and living space are smaller than many in the immediate neighbourhood, making it ideal for those who prioritize interior finish and community amenities over expansive private outdoor space.

Frequently Asked Questions

How does this home compare to others on the street?
It ranks highly for its newer build year (top 7% on the street) and assessed value (top 21%). However, its living area is more average (top 32%), meaning some neighbouring homes may offer more interior space.

What does the sale history indicate?
The home sold for $473,600 in 2021 and $363,000 at its first sale in 2019. The current assessed value is slightly higher than the 2021 sale price, which is typical for the market and suggests stable appreciation.

Is the basement finished?
Yes, the basement is noted as being renovated, adding valuable finished living space to the home.

What are the comparable properties nearby?
The listing references several nearby homes in Bridgwater Trails, mostly built in 2020-2021, with larger living areas and correspondingly higher assessed values, helping to position this property as a potentially more accessible entry point into the neighbourhood.

How does the lot size impact the property?
At 2,556 sq ft, the land area is fairly standard. It implies a lower-maintenance yard, which is a benefit for busy buyers, but may not suit those seeking extensive gardening or private outdoor recreation space.

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