Property Overview & Key Characteristics
This two-storey home on Cherrywood Road in Bridgwater Trails is a modern, low-maintenance property built in 2020. Its key appeal lies in a balance of contemporary living and established value. The home features a renovated basement, an attached garage, and a living area of 2,215 sqft on a 4,666 sqft lot. The data suggests a well-maintained home in a desirable, newer community.
Its primary appeal is for buyers seeking a move-in ready, modern home without the uncertainties of a brand-new build. The 2020 construction means major components are under warranty, but the landscaping and neighbourhood have had a few years to mature. The strong historical sale price (selling for $710k in early 2023, significantly above its assessed value) indicates the market has consistently valued this specific home highly. It would suit young professionals, growing families, or downsizers looking for a single-family home with modern finishes and the community amenities of Bridgwater Trails, without needing immediate updates.
A less obvious perspective is its relative positioning within the market. While its lot size is average for the street, the home itself ranks highly in living area, year built, and assessed value against most local and city-wide comparisons. This points to a property where the value is in the structure and condition rather than the land size. It’s a home for someone who prioritizes interior space and modern efficiency over a sprawling yard.
Frequently Asked Questions
1. How does the 2023 sale price relate to the current asking price?
The home sold for $710,000 in January 2023. While this doesn't set the current price, it is a strong, recent indicator of what the market was willing to pay for this specific property, suggesting it has been highly desirable.
2. What does the "renovated basement" likely include?
While specifics should be verified, in a 2020 home, a "renovated basement" typically means it was finished with living space (like a rec room, bedroom, or home office) post-construction, adding valuable functional square footage.
3. Is the lot size a pro or a con?
At 4,666 sqft, the lot is manageable and low-maintenance, which is a plus for many. It ranks near the average for the street. Buyers seeking extensive outdoor space for gardens or large play structures may find it compact, while those wanting less yard work will see it as an advantage.
4. How does this home compare to other properties in Bridgwater Trails?
The data shows it ranks very well (Top 20-23%) for living area and year built within the neighbourhood. It is a newer, above-average-sized home for the area, competing with similar properties like the examples on Valley Brook and Willow Creek Roads provided.
5. What is indicated by the difference between the Assessed Value and past Sale Price?
The Assessed Value ($635k) is for municipal tax purposes. The prior Sale Price ($710k) is a market transaction. This discrepancy is common and highlights that the market value is determined by buyer demand, not assessment, and this home has historically commanded a premium.