Property Overview & Key Characteristics
This 2018-built two-storey home in Bridgwater Trails offers a modern, low-maintenance lifestyle with established community roots. Its key appeal lies in a combination of above-average space, recent updates, and strong value metrics for a newer home. With 2,371 sqft of living area, it sits in the top 8% of homes on its street for size, providing ample room for a growing family or those who enjoy spacious interiors. The home features a renovated basement and an attached garage, situated on a nearly 5,000 sqft lot.
The property’s standout characteristic is its compelling value proposition within the Winnipeg market. While newer than 95% of homes city-wide, it also ranks in the top 4% for living area and top 3% for assessed value, suggesting it is a substantial home that has been assessed favorably relative to the market. Its 2023 sale price of $680k places it in the top tier of its immediate area and neighborhood, indicating a premium property within Bridgwater Trails. This home would suit buyers looking for a modern build that avoids the wait and uncertainties of new construction, but who still want a contemporary layout and finishes. It’s particularly well-suited for professionals or families seeking a move-in ready home in a master-planned community, with the added benefit of a finished basement for extra living space or potential rental income.
Frequently Asked Questions
1. How does the assessed value compare to the recent sale price?
The home was assessed at $706,000, which is notably higher than its 2023 sale price of $680,000. This could indicate strong municipal valuation for the area and property type, which is a positive for long-term value, but buyers should always consult a real estate professional for a current market evaluation.
2. Is the lot size typical for Bridgwater Trails?
At 4,889 sqft, the lot is larger than 75% of others on Cherrywood Road, making it better than average for the street. This offers a bit more outdoor space than many of its immediate neighbors, which is a plus in newer communities where lots can be compact.
3. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but the specific scope, quality, and permits for this work are not detailed. A prospective buyer should inquire about the renovations' nature (e.g., legal suite, recreation room), the year they were completed, and request documentation to understand exactly what has been updated.
4. How does this home rank for space within the wider Winnipeg market?
The living area of 2,371 sqft ranks in the top 4% of all homes in Winnipeg, meaning it offers significantly more interior space than the vast majority of city properties. This is a key differentiator for buyers prioritizing spaciousness.
5. The home sold in 2023; is it typical for a property to be resold so soon after purchase?
A resale after a relatively short ownership period (approximately one year if sold in mid-2023) isn't uncommon but does warrant understanding the seller's motivation. It could be due to a life circumstance change rather than an issue with the property, but it's a sensible point for a buyer's due diligence.