Property score
87.5
Excellent
Overall 87.5 · Compared with neighbourhood average
1,838 sqft (top 41%) · 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 · Within 500m: 1 dining spot, 2 parks, and 1 sports facility nearby
Living Area
Near average
1% 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)
1,068
563.8k
$347/sqft
2019
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
87.5 is composed by the two sections below.
Property Score
Community Score
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.
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
551 Bridge Lake Drive — 4 amenities found within 500 m, across 3 categories, including 1 dining (nearest 368 m), 2 parks (nearest 276 m).
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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 18% | Top 17% | Top 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 551 Bridge Lake Drive
Key Characteristics, Appeal & Ideal Buyer
This two-storey home in Bridgwater Trails is a modern, low-maintenance property built in 2018. Its primary appeal lies in a strong combination of newer construction and above-average space. With a 1,838 sqft living area and a notably large 7,678 sqft lot, it offers more room than most homes in Winnipeg, ranking in the top 14% citywide for living space and the top 6% on its own street for land area. The home features an attached garage and an unfinished basement, presenting a blank canvas for future customization.
The appeal is data-backed: it consistently ranks in the top tier of its market. It sits in the top 13% of Winnipeg for lot size and the top 5% for the newness of its build. A key, less obvious perspective is its proven value retention; its 2022 sale price of $660k placed it in the top 4% of all Winnipeg sales at that time, suggesting a history of strong market performance relative to its assessed value.
This property would ideally suit young families or professionals seeking a move-in ready home in a modern neighbourhood without sacrificing yard space. It’s also a sensible fit for buyers who appreciate a clear, above-average standing in the market (as evidenced by its rankings) and who see potential in personalizing an unfinished basement to add future value.
Frequently Asked Questions
1. Is the basement developed?
No, the basement is unfinished. This is a key opportunity for a buyer to customize the space to their needs, whether for recreation, storage, or additional bedrooms, without needing to undo previous renovations.
2. How does this home compare to others in Bridgwater Trails?
The data shows it is a strong performer within the neighbourhood. It has a larger-than-average lot (top 14%) and living area (top 41%), and its previous sale price ranked in the top 19%. It is a newer build (2018) compared to many in the area.
3. What is the significance of the provided "rankings"?
The rankings are a percentile comparison. For example, ranking "better than 94% in same street" for land area means only 6% of homes on Bridge Lake Drive have a larger lot. They offer a quick, objective snapshot of how this property measures up in key metrics.
4. The assessed value seems low compared to the 2022 sale price. Why?
Municipal assessed values for tax purposes often lag behind market sale prices and are calculated using a specific methodology. The 2022 sale price is a clearer indicator of its recent market value, and its high percentile rank (top 4% in Winnipeg) suggests it commanded a premium price.
5. What are the immediate next-door properties like?
The listing shows five nearby addresses on the same street and lane, all within 45 meters. This indicates a closely built, typical suburban streetscape, which is common in newer communities like Bridgwater Trails.
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.
