317 Cherrywood Road

Property Summary: 317 Cherrywood Road, Bridgwater Trails

Section 1: Overview & Appeal

This modern two-storey home, built in 2018, presents a compelling opportunity in Winnipeg's Bridgwater Trails community. Its key characteristics include a generous 2,362 sqft of living space, a renovated basement, an attached garage, and a sizable 6,131 sqft lot.

The appeal lies in its strong, balanced positioning. The home ranks in the top tiers for both size and value within its immediate street and the broader city, suggesting a well-proportioned property in a desirable location. It’s a relatively new build that avoids the premium of a brand-new construction, offering modern amenities without initial development phases. The renovated basement adds immediate functional space.

This property would suit growing families or professionals seeking a move-in ready, contemporary home in a planned neighbourhood. It’s ideal for buyers who value space and modern finishes, but are also mindful of value—appreciating a home that scores highly on key metrics like living area and assessed value compared to most of Winnipeg. The data suggests it’s a solid, above-average offering in its category rather than a niche or luxury listing.

Section 2: Frequently Asked Questions

1. How does the assessed value compare to the likely asking price?
The current assessed value is $66.70k, which is a municipal valuation for tax purposes. It historically sells above this figure, as shown by its last sale at $56.60k in 2019. Market conditions and home improvements since then will determine the list price.

2. Is the lot size typical for the area?
Yes, and it’s a standout feature. At over 6,000 sqft, the land area is larger than 93% of lots on Cherrywood Road, offering more outdoor space than most neighbours.

3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key detail to clarify with the seller or listing agent regarding rooms, ceiling height, and permits.

4. How does this 2018 build compare to newer homes nearby?
While newer builds exist (like the referenced 2022 build nearby), this 2018 home benefits from established landscaping and any initial "newness" kinks likely resolved. It ranks newer than 95% of Winnipeg homes, balancing modern construction with a settled-in feel.

5. The home sold in 2019. What might this indicate?
The 2019 sale suggests a motivated seller at that time, possibly a builder or first owner. The current owners have held it for about 5 years, which is a typical timeframe, indicating a standard life-cycle move rather than a rapid flip.