Property Overview: 371 Cherrywood Road, Bridgwater Trails
Key Characteristics & Appeal
This is a modern, two-storey home built in 2021, offering a move-in-ready canvas in the popular Bridgwater Trails neighbourhood. Its key appeal lies in a balance of space, new-build efficiency, and future potential. With 2,247 sqft of living area and a 4,664 sqft lot, it provides ample room for a growing or established family. The home ranks highly for its newness (newer than 98% of Winnipeg) and living space (larger than 95% of Winnipeg), meaning you get a contemporary property that avoids the immediate maintenance concerns of an older house.
The appeal is grounded in its data-backed position within the market. It sits in the top third of its street for lot size and assessed value, suggesting a solid investment in a desirable location. The existing, unfinished basement presents a clear opportunity for customization and added value, allowing buyers to tailor the home to their needs. This property would suit buyers looking for a modern home in a family-oriented community who appreciate the advantages of a newer build but are also eager to put their own stamp on a space, whether now or down the line. It’s a practical choice for those who want to avoid major renovations but don’t necessarily need a fully turn-key property.
Frequently Asked Questions
1. What does the "rank" data actually mean for a buyer?
The rankings compare this home against its immediate street, neighbourhood, and all of Winnipeg for specific metrics. For example, being "newer than 98% of Winnipeg" is a strong indicator of modern construction standards and lower near-term repair costs, while its lot size ranking shows how it compares for outdoor space on its own street.
2. The assessed value is $60.60k, but what will it likely sell for?
Assessed value is for municipal tax purposes and is typically much lower than market value. The last sale in 2021 was for $52.80k (assessed at the time), and nearby comparable homes are now assessed around $70k. Market value will be determined by current conditions, recent comparable sales, and buyer demand.
3. What are the pros and cons of an unfinished basement?
The major pro is the opportunity to finish it exactly to your specifications (e.g., a theatre, gym, or extra bedroom) without needing to undo previous work. The con is the immediate upfront cost and project management required to complete it.
4. How does this location in Bridgwater Trails rate for amenities?
Bridgwater Trails is a master-planned community known for its pathways, parks, and newer schools. The listing shows nearby properties are also new, indicating a consistent, modern streetscape. Residents often cite a strong community feel and convenient access to big-box retailers and major routes as key benefits.
5. Why is the last sold price from 2021 relevant?
It shows the original purchase price for the home, giving insight into its history. The increase from the $52.80k sale price to the current $60.60k assessment reflects typical market appreciation and provides a baseline for understanding how the property's value has been trending.