Property Summary: 152 Cherrywood Road, Bridgwater Trails, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-maintained, modern two-storey home built in 2015, offering a practical layout with 1,656 sqft of living space on a generous 3,777 sqft lot. A key feature is its renovated basement, which adds valuable finished space. The home includes a detached garage.
Its primary appeal lies in its balance of contemporary age and established community living in the popular Bridgwater Trails area. The data suggests it represents solid value within its immediate street and neighbourhood, often ranking in the middle to upper tiers for key metrics like lot size and assessed value compared to nearby homes. Notably, it is newer than 92% of homes across Winnipeg, offering modern construction without the premium of a brand-new build.
This property would suit first-time buyers or young families looking for a move-in ready home in a newer suburb, who value a renovated basement for extra living space and appreciate a home that has already seen some updates. It’s also a sensible choice for value-conscious buyers who want a modern home but see opportunity in a property that may be priced accessibly within its desirable neighbourhood.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to the area?
The assessed value of $498,000 is higher than approximately 82% of Winnipeg homes, indicating a solid valuation. Within Bridgwater Trails, it ranks above 63% of properties, positioning it as a mid-to-upper range home for the neighbourhood.
2. Is the lot size typical for the street?
At 3,777 sqft, the lot is larger than 92% of other lots on Cherrywood Road, which is a significant advantage for outdoor space and privacy in this community.
3. The home last sold in 2016. What does that mean?
The sale eight years ago for $400,000 suggests long-term ownership, which often indicates a well-cared-for property. The increase in assessed value since then aligns with general market trends in the area.
4. How does the living space compare to similar nearby homes?
At 1,656 sqft, it offers a moderate size for the area. It’s larger than several comparable references on the street but smaller than some other nearby detached homes, fitting a need for efficient, manageable space without being overly compact.
5. What is the significance of the "renovated basement" note?
This indicates the lower level is finished to a living standard, adding functional square footage beyond the main living area. It’s a key upgrade that adds immediate utility, whether for a family room, home office, or guest space.