Property Overview & Key Characteristics
This two-storey home at 132 Cherrywood Road in Bridgwater Trails is a modern property built in 2018, offering a move-in-ready canvas. Its key appeal lies in its balance of newer construction and a generous 4,120 sqft lot, providing ample outdoor space in a community known for its planned amenities. The home features a practical 1,694 sqft of living space and a detached garage.
The property suits first-time buyers or young families looking for a contemporary home without the need for immediate major updates, as the basement is unfinished but offers potential. Its rankings suggest it's a solid, average-sized home within its immediate street and neighbourhood, but it stands out city-wide for its newer age (top 5% in Winnipeg) and above-average living space (top 19%). A thoughtful perspective is that the current assessed value is notably higher than its 2020 sale price, which may attract buyers looking for a property with demonstrated value growth in a sought-after, newer community.
Frequently Asked Questions
1. What is the significance of the property rankings?
The rankings compare this home against others on the same street, in Bridgwater Trails, and across all of Winnipeg. They show that while the home is middle-of-the-pack locally for size and value, it is newer than 95% of Winnipeg homes, which is a major advantage for maintenance and systems.
2. Is the basement finished?
No, the basement is not renovated. This presents both a cost-saving on the purchase price and a blank slate for future expansion to suit a buyer's needs, subject to permits and budget.
3. How does the assessed value relate to the likely selling price?
The assessed value ($47.5k) is for municipal tax purposes and is typically far below market value. The selling price will be determined by current market conditions. For reference, nearby comparable homes have recent assessed values ranging from about $47k to $61k.
4. What are the benefits of the Bridgwater Trails neighbourhood?
Bridgwater Trails is a modern, master-planned community with access to pathways, parks, schools, and shopping amenities. The property's lot size is above average for the area, offering more private outdoor space than many newer homes.
5. Why is the lot size notable?
At 4,120 sqft, the land area is a key feature. In newer communities, lots are often smaller. This larger parcel provides better privacy, more room for gardening or play, and greater potential for additions like a deck or shed, compared to many neighbouring properties.