Property Summary: 299 Cherrywood Road, Bridgwater Trails
Key Characteristics & Appeal
This is a modern, two-storey home built in 2019, offering a move-in-ready condition with a renovated basement. Its primary appeal lies in its strong position within the desirable and relatively new Bridgwater Trails community. The home stands out for its above-average living space (2,152 sqft) and lot size compared to most on its street and in the neighbourhood. A key, less obvious strength is its proven value appreciation; the sold price increased significantly between 2019 and 2021, and its current assessed value ranks in the top tiers city-wide, suggesting a solid investment history.
The property would suit buyers looking for a modern home in a master-planned area without the wait of new construction. It’s ideal for growing families who need the space and appreciate the community amenities, or for professionals seeking a low-maintenance, contemporary property with recent updates. The renovated basement adds valuable flexible space for entertainment, a home office, or guests.
Frequently Asked Questions
1. How does this home compare to others in Bridgwater Trails?
Based on the data, this home is newer than about 65% of the neighbourhood and has more living area than about 76% of homes here. Its lot size is roughly average for the area.
2. What does the sale history indicate about the property's value?
The home sold for $53.1k in 2019 and then for $66.8k in 2021, showing notable appreciation in a short period. Its current assessed value continues to rank highly, within the top 6% of Winnipeg.
3. Is the basement development a full, permitted renovation?
The listing confirms the basement is renovated. As with any property, a buyer should verify the scope of work, necessary permits, and quality of finishes during their due diligence and home inspection.
4. Who might this property not be suited for?
Buyers seeking a historic character home, a very large or private lot, or a property with a pool would need to look elsewhere. The attached garage and typical suburban lot size offer standard conveniences rather than unique custom features.
5. How does the assessed value relate to the likely listing or sale price?
The assessed value ($62.30k) is for municipal tax purposes and is typically different from market value. The 2021 sale price provides a more recent market benchmark, but current conditions will determine the final price.