Property Overview: 375 Cherrywood Road, Bridgwater Trails, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2019, offers a modern foundation in the popular Bridgwater Trails neighbourhood. Its key appeal lies in a balance of space, contemporary build quality, and established community living. With 2,085 sqft of living area and a nearly 5,000 sqft lot, it provides ample room for a growing or established family. The attached garage and full (though unrenovated) basement add practical utility and future potential.
The home’s strength is its solid positioning within a newer, desirable area. It ranks consistently above average for its size and value within its immediate street and neighbourhood, suggesting it fits well within its local market. For buyers, this represents a turnkey home in a community that’s past the initial development phase—trees and landscapes are maturing, and the neighbourhood feel is more settled. It would suit young families or professionals seeking a modern, low-maintenance property without the premium of a brand-new build, and who may appreciate the blank canvas of an unfinished basement for future customization.
A less obvious perspective is its value trajectory. While its last sale price in 2019 was below the current neighbourhood average for that time, its current assessed value now ranks in the top third locally. This indicates a significant appreciation, highlighting the area’s growth and the property’s increasing equity, which is a compelling point for value-conscious buyers.
Section 2: Frequently Asked Questions
1. What is the neighbourhood like?
Bridgwater Trails is a master-planned, family-oriented community in Winnipeg’s southwest. It features extensive pathways, parks, and ponds, with convenient access to schools, shopping, and major routes. The area is well-established with a mix of newer and slightly older homes.
2. Is the basement finished?
No, the basement is included but is not renovated. This presents an opportunity to customize the additional space to suit your needs, but it will require an investment to finish.
3. How does this property compare to others on the street?
The data shows this home ranks better than 61% of properties on Cherrywood Road for lot size and better than 67% for both living area and year built. This means it is generally larger and newer than many of its direct neighbours.
4. What are the typical property taxes?
While exact taxes depend on the final sale price and municipal rates, you can estimate them using the provided assessed value of $584,000 as a baseline for calculation.
5. Has the property increased in value?
Yes. The home sold for $496,000 in July 2019. Its current assessed value of $584,000 suggests substantial appreciation, a trend supported by its value now ranking higher than most comparable homes in Winnipeg.