Property Summary: 320 Cherrywood Road, Bridgwater Trails
Section 1: Key Characteristics & Appeal
This 2020-built, two-storey home in Bridgwater Trails offers modern living with a practical layout. Its key characteristics include a generous 6,108 sqft lot, an attached garage, and an unfinished basement providing future expansion potential. With 1,833 sqft of living space, it suits growing families or professionals seeking a turnkey, low-maintenance property.
The appeal lies in its balance of new construction benefits and established community. As a 6-year-old home, major systems and finishes are under warranty and modern, avoiding the immediate costs and surprises of an older property. Its standout feature is the lot size, which is larger than 92% of others on the street, offering more private outdoor space than typical for newer neighbourhoods. The data suggests strong value retention, with the current assessed value significantly higher than its 2020 sale price, indicating solid market appreciation.
This property would best suit buyers prioritizing a move-in ready home in a family-oriented community who also value a larger yard. It’s ideal for those who want the “newness” of a recent build without the premium of a brand-new construction, and for owners who see the unfinished basement as a canvas for future customization rather than a drawback.
Section 2: Frequently Asked Questions
1. How does the lot size compare to the neighbourhood?
The 6,108 sqft lot is a key advantage, ranking larger than 92% of lots on Cherrywood Road and 79% within all of Bridgwater Trails. This offers more outdoor space than many comparable homes in the area.
2. What does the “unfinished basement” mean for me?
The basement is complete but not renovated, meaning it’s a blank slate with rough-in plumbing likely in place. This is a cost-saving opportunity to finish it to your exact specifications, but requires an upfront investment for drywall, flooring, and fixtures.
3. The home sold for much less in 2020. Is the current price justified?
The increase from its 2020 sale price to the current assessed value reflects strong market appreciation over four years. It also aligns with the broader trend of newer homes in Winnipeg holding significant value, ranking in the top 11% city-wide by assessment.
4. Who are the typical neighbours?
Based on nearby property details, the street consists almost entirely of single-family homes built within the last 6-10 years, suggesting a community of established but relatively new residents, likely young families and professionals.
5. Is this a good long-term investment for the area?
The data indicates a stable and desirable location. The home ranks better than 72% of all Winnipeg properties for size and value, and being in the top 3% of the city for the newness of construction (built 2020) suggests lower near-term maintenance costs and sustained appeal.