Property Overview: 252 Cherrywood Road, Bridgwater Trails, Winnipeg
Key Characteristics & Buyer Appeal
This 2017-built, two-storey home in the Bridgwater Trails neighbourhood offers a modern foundation on a generous 3,777 sqft lot. With 1,580 sqft of living space, a detached garage, and an unfinished basement, it presents a classic "blank canvas" opportunity. Its primary appeal lies in its relative newness within the broader Winnipeg context—it is newer than 94% of homes in the city—combined with the established, family-friendly atmosphere of the Bridgwater community.
The property is well-suited for first-time buyers or young families seeking a move-in-ready home in a newer area without a premium price tag for extensive upgrades. The unrenovated basement provides clear potential for future expansion to suit a growing family’s needs. A more nuanced perspective is its positioning within its immediate street and neighbourhood; while the home itself is modern, the lot size and assessed value rank in the lower tiers locally. This suggests it represents a more accessible entry point into a desirable area, ideal for buyers prioritizing a newer build and community amenities over having one of the largest properties on the block.
Frequently Asked Questions
1. What is the significance of the property rankings provided?
The rankings compare this home against others on the same street, in Bridgwater Trails, and across all of Winnipeg for metrics like lot size and year built. They highlight that while this home is very new compared to most of Winnipeg, it is more average or below average in size and value within its own immediate, newer community.
2. Is the unfinished basement a drawback?
Not necessarily. For many buyers, an unfinished basement is an advantage. It means no previous DIY work to undo and allows you to customize the space to your exact needs, whether for storage, a home gym, or a future rec room, potentially increasing the home's value.
3. How does the 2020 sale price compare to the current assessed value?
The home sold for $43.5k in July 2020, and its current assessed value is $46.8k. This indicates a modest increase in assessed value over that period. It's important to note that assessed value is for municipal tax purposes and a professional appraisal or market analysis is needed to determine current market value.
4. What can nearby similar-value homes tell me?
The list of homes with a similar assessed value ($46.80k) shows they are located in various neighbourhoods across Winnipeg. This suggests that at this assessed value point, you are comparing different community lifestyles and home conditions, underscoring the importance of viewing the property in person to assess its specific value in Bridgwater Trails.
5. Who might this property not suit?
Buyers looking for a turn-key home with a finished basement for immediate use, or those seeking a property that stands above its neighbours in terms of lot size and perceived prestige on the street, may want to consider other options. It’s best for those comfortable with a home that is modern but has room to grow into.