687 Bridge Lake Drive

Bridgwater Trails, Winnipeg

Property score

89.2

Excellent

Overall 89.2 · Larger than most nearby homes

2,738 sqft (top 4%) · Built in 2019

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

Transit 94.0 · 2-min walk to transit with 4 nearby routes

Living Area

Above average

48% larger 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

89.2 is composed by the two sections below.

Property Score

93.7Excellent
Living Area2,738 sqft98Excellent
Year Built201997Excellent
Lot Size5,792 sqft74Good
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

Elite
2,738 sqft
0255075100
Same streetTop 3%Same areaTop 4%CitywideTop 2%
Same street · Bridge Lake Drive
#5 / 158
Top 3% · Avg 1,844 sqft
Same area · Bridgwater Trails
#48 / 1,282
Top 4% · Avg 1,849 sqft
Citywide · Winnipeg
#3,279 / 194,458
Top 2% · Avg 1,342 sqft

Tax-Assessed Value

Elite
1.15M
0255075100
Same streetTop 4%Same areaTop 4%CitywideTop 1%
Same street · Bridge Lake Drive
#7 / 158
Top 4% · Avg 627.7k
Same area · Bridgwater Trails
#54 / 1,282
Top 4% · Avg 596.2k
Citywide · Winnipeg
#1,253 / 194,458
Top 1% · Avg 390.1k

Year Built

Elite
2019
0255075100
Same streetTop 25%Same areaTop 35%CitywideTop 4%

Lot Size

above average
5,792 sqft
0255075100
Same streetTop 35%Same areaTop 25%CitywideTop 37%

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 6/2024CA$1.15M–1.2M
Sold price

Same street

Top 1%

Same area

Top 2%

City-wide

Top 1%
Sold 12/2021CA$1M–1.05M
Sold price

Same street

Top 4%

Same area

Top 3%

City-wide

Top 1%
Sold 6/2020CA$850k–900k
Sold price

Same street

Top 10%

Same area

Top 6%

City-wide

Top 1%

Related homes

Highlights & common questions: 687 Bridge Lake Drive, Winnipeg

Property Overview

This two-storey home on Bridge Lake Drive in Bridgwater Trails presents a compelling blend of modern living and established value. Built in 2019, it sits on a generous lot and has seen significant equity growth, evidenced by its sale history. The home's appeal lies in its above-average living space, a renovated basement, and its position within a newer, sought-after community. It particularly suits growing families or professionals seeking a move-in ready home in a modern neighbourhood, with the added benefit of recent updates and a track record of strong value appreciation. A less obvious point of appeal is its relative maturity within a new area—the landscaping and neighbourhood feel are more settled than a brand-new build, without sacrificing modern amenities.

Key Details & Suitability

  • Key Characteristics: A 7-year-old two-storey with 2,738 sqft of living space, an attached garage, and a renovated basement. The 5,792 sqft lot is larger than most on the street.
  • Primary Appeal: The home ranks in the top tier of the neighbourhood and city for both size and recent sold price, indicating a premium property within its market. The renovated basement adds immediate functional space.
  • Ideal Buyer: This home is an excellent fit for buyers who want a modern build without the "first owner" responsibilities, appreciate space for a family, and value a property with a clear history of increasing market value. It's for those looking at long-term investment in a stable, newer community.

Frequently Asked Questions

1. How does this property compare to others in Bridgwater Trails?
The data shows this home consistently ranks in the top 5-10% of its immediate street and the top 5% of the wider Bridgwater Trails neighbourhood for key metrics like living area and recent sold price, marking it as a standout, above-average property in the area.

2. What does the sale history indicate about the property's value?
The home has sold three times since 2020, with each sale price significantly higher than the last (from $86.7k to $1.18M). This demonstrates strong and steady appreciation, a positive sign for future value retention.

3. Is the basement development original or a later renovation?
The listing specifies the basement is "renovated," indicating it was finished or updated after the home's original construction in 2019. Buyers may wish to inquire about the scope, permits, and timing of this work.

4. The assessed value is much lower than the last sale price. Why?
This is typical. Municipal assessed values in Manitoba are for tax purposes and often lag behind current market values, which are determined by recent sales between buyers and sellers, like the June 2024 sale at $1.18M.

5. What are the immediate neighbours like?
The nearby properties listed are all on the same street (Bridge Lake Drive), suggesting a consistent streetscape of similar-aged homes, which can contribute to neighbourhood cohesion and stable property values.

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