Property Overview: 24 Cherrywood Road, Bridgwater Trails
Section 1: Key Characteristics & Appeal
This well-presented, modern one-storey home in the sought-after Bridgwater Trails neighbourhood offers a blend of contemporary living and practical updates. Built in 2019, it benefits from newer construction standards while featuring a renovated basement, adding valuable finished space. The detached garage and a generous 7,068 sqft lot provide ample outdoor and storage flexibility.
The primary appeal lies in its strong value positioning within a newer community. It ranks in the top tiers for lot size and overall value in Winnipeg, suggesting a solid investment in a desirable area. The recent sale in late 2024 indicates current market validation. This home is ideally suited for first-time buyers seeking a modern, low-maintenance property, downsizers looking for single-level living without compromising on lot size, or pragmatic investors attracted by the neighbourhood's growth and the home's recent updates. It’s a property for those who prioritize the quality and age of the community infrastructure as much as the home itself.
Section 2: Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 1,316 sqft, the living area is more compact than many comparable homes in Bridgwater Trails. The value here is balanced toward the larger lot and the newer build year, making it ideal for those who prioritize outdoor space or a modern build over sheer interior square footage.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated, but specifics on finish quality, layout, and whether it includes a legal suite or additional bedrooms should be verified with the listing agent. This is a key feature that adds significant functional space.
3. The assessed value is notably lower than the recent sale price. Why?
The 2024 sale price of $58.50k is above the $50.50k assessed value. This is common, as assessed values for tax purposes often lag behind dynamic market prices, especially in active neighbourhoods. The sale price is a more current indicator of its market worth.
4. Is the lot size typical for the street?
Yes, exceptionally so. The lot ranks better than 98% of others on Cherrywood Road, meaning it is one of the largest on the street. This is a distinct advantage for privacy, outdoor activities, or future expansion.
5. How does this home fit within the broader Bridgwater Trails community?
It sits in a newer pocket (2019) of the community. While the interior space is modest for the area, it ranks very well for lot size and newer construction year within Winnipeg overall. It represents an entry point into a modern neighbourhood known for its amenities and planned feel.