Property Overview
This home at 232 Cherrywood Road in Bridgwater Trails is a well-maintained property built in 2017. With 1,516 square feet of living space on a 4,310 square foot lot and an assessed value of $476,000, it presents a specific value proposition within the Winnipeg market.
Key Characteristics & Appeal
The primary appeal of this home lies in its modern age and its position as a value-conscious entry into a desirable, newer neighborhood. While its living area and assessed value are below the averages for Cherrywood Road and Bridgwater Trails, they are notably above the citywide averages. This creates an interesting dynamic: you are purchasing a newer, above-average city home for a price that sits below its immediate peer group. The lot size is manageable, favoring low-maintenance outdoor living over expansive private space.
This property would suit first-time buyers or downsizers seeking a modern, turn-key home in a community with newer infrastructure, without paying the premium for a larger floor plan on the same street. It’s a practical choice for those who prioritize the quality and age of a home and the amenities of a planned neighborhood over maximizing square footage. A thoughtful perspective is that buying a "below-average" home in an "above-average" area can be a strategic way to build equity, as the property's value is supported by its surroundings.
Frequently Asked Questions
1. Is this home a good value compared to others on the street?
Based on assessed value, this home is ranked below the street average ($558.6k), suggesting it may offer a more affordable price point within Cherrywood Road while still being part of the same modern community.
2. How does the size of this home compare to most Winnipeg houses?
Its living area of 1,516 sq ft is above the citywide average (1,342 sq ft), placing it in the top 29% locally. It provides more space than many older Winnipeg homes, just in a more efficient, modern footprint.
3. What does the "Elite" citywide ranking for year built mean?
Built in 2017, this home is newer than approximately 95% of comparable properties across Winnipeg. This suggests newer construction standards, modern layouts, and less immediate need for major updates.
4. Why is there no public sold price history shown?
The site does not source data from the MLS. A full transaction history and exact sold prices require a manual lookup, which they offer to provide via email upon request.
5. How does the lot size impact the property?
At 4,310 sq ft, the lot is below the street average but typical for newer neighborhoods. It suits those who prefer a smaller, more manageable yard for easier maintenance, with community parks likely supplementing private outdoor space.