Property Summary: 324 Cherrywood Road, Bridgwater Trails
Key Characteristics & Appeal
This two-storey home in Bridgwater Trails is a modern property, built in 2021, offering a move-in-ready canvas. Its key appeal lies in a strong combination of new-build advantages and established community living. With 2,174 sqft of living space and an attached garage on a nearly 5,000 sqft lot, it provides ample room for a growing or established family.
The home’s standout characteristic is its relative newness, ranking newer than 90% of homes in the neighbourhood, which suggests lower immediate maintenance costs and modern building standards. Its assessed value and living area are both in the top quartile for the street, indicating it is a above-average offering in its immediate surroundings. The unrenovated basement presents a clear opportunity for future customization to add value and suit the next owner's needs.
This property would best suit buyers looking for a modern home in a developed suburban community without the premium of a brand-new build. It’s ideal for those who appreciate a home that’s barely broken in but are eager to put their own stamp on it, particularly in finishing the basement. It also appeals to data-minded buyers who value the home's strong rankings in assessed value and size relative to its peers, seeing it as a sound investment in a desirable area.
Frequently Asked Questions
1. What does the "unrenovated basement" condition mean?
It indicates the basement is functional but finished to a basic builder standard. It presents a blank slate for future upgrades, allowing you to customize the space without needing to undo previous renovations.
2. How significant are the provided ranking statistics?
The rankings (e.g., "Better than 74% on the street") are contextual benchmarks. They show this home rates well above average in size and value for its specific street and wider neighbourhood, which can be a positive indicator for both livability and long-term value retention.
3. Is the 2021 sale price relevant today?
The 2021 sale price of $534k is primarily of historical interest, showing the original purchase price. The current $620k assessed value provides a more contemporary, government-appraised benchmark for the market, though the final sale price is determined by current conditions.
4. What is the Bridgwater Trails community like?
Bridgwater Trails is a master-planned community in Winnipeg known for its pathways, parks, and modern amenities. The proximity of several similar-aged homes on Cherrywood Road suggests a cohesive, established streetscape.
5. Why are homes with similar assessed values located in different neighbourhoods listed?
This illustrates that the assessed value is a specific price point in the broader Winnipeg market. It allows you to see what type of property a similar investment can secure in other areas, highlighting the value proposition of this specific home and location.