Property Overview: 185 Cherrywood Road, Bridgwater Trails
Section 1: Key Characteristics & Appeal
This two-storey home in the popular Bridgwater Trails neighbourhood is a modern, low-maintenance property built in 2019. Its key appeal lies in its balance of being relatively new—which means fewer immediate repair concerns—and its established location within a sought-after community. With 1,752 sqft of living space and an attached garage on a 4,666 sqft lot, it offers practical family-sized accommodation.
The home’s standout feature is its strong value positioning within the broader Winnipeg market. Data shows it ranks in the top tiers for its newness, living area, and assessed value compared to the entire city. This suggests a property that has been well-maintained and is positioned competitively. Its appeal is particularly grounded for pragmatic buyers: young families or professionals seeking a move-in ready home in a modern suburb without the premium of a brand-new build. It also suits value-conscious investors or buyers who appreciate concrete data, as the home’s metrics consistently perform better in city-wide rankings than on its immediate street, indicating a solid long-term investment in a growing area.
Section 2: Frequently Asked Questions
1. Is the basement finished?
No, the basement is present but unrenovated. This offers new owners a blank canvas to add living space and value according to their own needs and budget.
2. How does the sold price from 2023 relate to today’s value?
The home sold for $610k in September 2023. This recent transaction provides a concrete benchmark for the property’s market value in the recent past, which is a useful starting point for understanding its current worth in today’s market.
3. The home ranks in the top 60% on its street for size. What does that mean?
This means the living area is above average for Cherrywood Road. It indicates you’re getting a home that is physically larger than many of its direct neighbours, which can be an advantage for space and future resale.
4. The assessed value is much lower than the last sale price. Why?
Municipal assessed value ($53.70k) is for tax purposes and is not intended to reflect market value. The significant difference between it and the sale price is normal in Winnipeg; market value is determined by what buyers are willing to pay in the open market.
5. What is the significance of the "Winnipeg" ranking percentages?
These show how this property compares to all homes in Winnipeg. For example, ranking better than 96% of Winnipeg for year built means it is among the newest 4% of homes city-wide. This highlights one of its strongest features: its modern age in a market with many older homes.