Property Overview: 296 Cherrywood Road, Bridgwater Trails
Key Features & Ideal Buyer
This well-presented two-storey home in the popular Bridgwater Trails community offers a balanced, modern living package. Built in 2018, its key characteristics include a renovated basement, an attached garage, and a generous 2,117 sqft of living space on a 4,667 sqft lot. The home’s appeal lies in its strong positional metrics: it ranks within the top 30% of its street for living area and has a recent (2023) sale price that places it in the top 6% locally, suggesting it is a well-regarded property in a desirable location. Its assessed value and living area also rank within the top 10% citywide, indicating a solid investment in Winnipeg’s newer suburban landscape.
This property would suit growing families or professionals seeking a move-in ready home in a modern neighbourhood without the wait of new construction. It’s particularly appealing for value-conscious buyers who appreciate data-driven reassurance; the home consistently performs above neighbourhood averages in size, value, and recent sale price. A less obvious angle is its potential for buyers who prioritize community stability—the 2023 sale suggests a short ownership period, but the strong value retention from its 2019 purchase indicates the area holds its worth well.
Frequently Asked Questions
1. How does this home compare to others in Bridgwater Trails?
The data shows this home ranks better than approximately 74% of neighbourhood properties for living area and 73% for assessed value, placing it comfortably above average in size and official valuation within the community.
2. What does the sale history indicate?
The home sold for $70.50k in April 2023, a significant increase from its $56.30k sale in September 2019. This history demonstrates strong appreciation, with the most recent sale price ranking in the top 15% of the neighbourhood.
3. Is the basement finished?
Yes, the listing specifies the basement has been renovated.
4. How does the lot size compare?
At 4,667 sqft, the land area is larger than 55% of lots on the same street, offering a bit more outdoor space than many of its immediate neighbours.
5. What is the significance of the "For Reference" property listed at 375 Willow Creek Road?
This appears to be a comparable nearby property, likely provided for context. It has a similar build year (2018) and living area, but a slightly higher assessed value, helping to benchmark this listing’s market position.