692 Bridge Lake Drive

Bridgwater Trails, Winnipeg

Property score

82.4

Excellent

Overall 82.4 · Older than most nearby homes

1,714 sqft (bottom 49%) · Built in 2016 (3 yrs older than avg)

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

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

Living Area

Near average

7% smaller than neighborhood avg.

Year Built

Below average

3 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

82.4 is composed by the two sections below.

Property Score

82.3Excellent
Living Area1,714 sqft86Excellent
Year Built201697Excellent
Lot Size3,847 sqft46Low
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
1,714 sqft
0255075100
Same streetTop 47%Same areaBottom 49%CitywideTop 20%
Same street · Bridge Lake Drive
#74 / 158
Top 47% · Avg 1,844 sqft
Same area · Bridgwater Trails
#648 / 1,282
Bottom 49% · Avg 1,849 sqft
Citywide · Winnipeg
#39,616 / 194,458
Top 20% · Avg 1,342 sqft

Tax-Assessed Value

above average
522k
0255075100
Same streetTop 46%Same areaBottom 48%CitywideTop 16%
Same street · Bridge Lake Drive
#72 / 158
Top 46% · Avg 627.7k
Same area · Bridgwater Trails
#666 / 1,282
Bottom 48% · Avg 596.2k
Citywide · Winnipeg
#31,974 / 194,458
Top 16% · Avg 390.1k

Year Built

above average
2016
0255075100
Same streetBottom 39%Same areaBottom 16%CitywideTop 6%

Lot Size

around average
3,847 sqft
0255075100
Same streetBottom 32%Same areaBottom 24%CitywideBottom 23%

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 6/2016CA$300k–350k
Sold price

Same street

Bottom 6%

Same area

Bottom 6%

City-wide

Top 47%

Related homes

Highlights & common questions: 692 Bridge Lake Drive, Winnipeg

Property Overview

This two-storey home in Bridgwater Trails offers a modern, low-maintenance lifestyle in a sought-after Winnipeg community. Built in 2016, it combines the benefits of a newer build with a recently renovated basement, adding valuable finished space. The detached garage and a land area of nearly 3,850 sqft provide good outdoor flexibility for a newer neighbourhood lot. Its key appeal lies in its balance: it’s newer than most homes city-wide (ranking in the top 7% for age in Winnipeg), yet offers more established landscaping than a brand-new construction. The renovated basement immediately adds functional living area without the need for a major project.

This property would suit first-time buyers or young families looking for a move-in-ready home in a modern community, as well as downsizers seeking a newer, single-family home without the upkeep of an older property. The numbers suggest it offers above-average interior space for the neighbourhood, making it a practical choice for those who value room to grow indoors. A thoughtful perspective is that while the home ranks in the middle of its immediate street and neighbourhood for many metrics, its city-wide rankings for age, size, and value are consistently strong, indicating it may represent a solid long-term value within its more localized market.

Frequently Asked Questions

1. What does the ranking data actually mean?
The percentile rankings compare this property against others on the same street, in Bridgwater Trails, and across all of Winnipeg. For example, being "better than 93% in Winnipeg" for year built means it is newer than 93% of all Winnipeg properties, a significant advantage.

2. Is the basement renovation permitted?
The listing notes the basement is renovated, but prospective buyers should always verify that any renovations have the proper permits and inspections from the city to ensure the work meets building codes.

3. What is the community of Bridgwater Trails like?
Bridgwater Trails is a modern, master-planned community in southwest Winnipeg known for its pathways, parks, and newer amenities. It typically attracts families and professionals seeking a contemporary suburban lifestyle.

4. Why is the "Sold" price from 2016 lower, and what does its ranking indicate?
The sold price of $349,000 in 2016 was the original purchase price when the home was new. Its low ranking (e.g., "Top 101%") simply means it was the most recent sale on the street at that time, not a reflection of value. The current assessed value is the relevant figure for today's market.

5. How does the detached garage affect winter use?
A detached garage offers flexibility for a workshop or separate storage but requires going outdoors to access the house. For Winnipeg winters, this is a consideration compared to an attached garage, though many find the trade-off acceptable for the layout and lot size it allows.

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