3 Cherrywood Road

Property Overview: 3 Cherrywood Road, Bridgwater Trails

Key Characteristics & Appeal

This two-storey home in the popular Bridgwater Trails neighbourhood offers a modern, low-maintenance lifestyle in a highly desirable area. Built in 2016, it sits on a spacious 5,112 sqft lot and features a generous 2,363 sqft of living space, ranking it in the top tier of homes locally for size. Its strong assessed value of $630k reflects its standing, outperforming most homes in Winnipeg. The property includes an attached garage and a full, unfinished basement, presenting a blank canvas for future expansion.

The primary appeal lies in its balance of contemporary construction and established community. While the home itself is modern, the neighbourhood is no longer brand-new, meaning streetscapes are settled and landscaping is mature. It suits buyers looking for a move-in ready family home in a sought-after planned community, who may also value the potential to customize the basement down the line. A thoughtful perspective is its positioning within its immediate street: while the home ranks highly for size and value, it’s among the older 12% of homes on Cherrywood Road. This suggests a well-established streetscape but may appeal to those seeking a relative "value" compared to newer builds on the same block.

Frequently Asked Questions

1. Is the basement developed?
No, the basement is unfinished. This provides a significant opportunity for future customization to suit a buyer’s specific needs, whether for additional living space, a home gym, or storage.

2. How does this home compare to others in Bridgwater Trails?
The home ranks very well within the neighbourhood for living area (top 14%) and assessed value (top 24%). It is, however, newer than only 16% of homes in Bridgwater Trails, meaning it is one of the more established properties in this relatively new community.

3. What is the significance of the lot size?
At over 5,000 sqft, the lot is larger than 80% of those on its street, offering ample outdoor space for gardening, play, or entertaining, which is a notable feature in a modern subdivision.

4. The home was last sold in 2016. What does that mean?
It was purchased new from the builder a decade ago and has had one long-term owner since. This often suggests consistent maintenance and a stable history.

5. How does its value hold up in the wider Winnipeg market?
Its assessed value of $630k places it in the top 6% of all Winnipeg properties, indicating it is considered a premium home in the city-wide market, not just within its neighbourhood.