Property Overview: 386 Cherrywood Road, Bridgwater Trails
Key Characteristics & Appeal
This two-storey home, built in 2020, presents a modern living opportunity in the popular Bridgwater Trails neighbourhood. Its key appeal lies in its strong standing relative to comparable properties. The home ranks in the top tiers for its living area, assessed value, and newness when compared to most homes on its street, in the neighbourhood, and across Winnipeg. Specifically, it boasts a generous 2,359 sqft of living space and sits on a nearly 5,000 sqft lot, offering ample room for a growing household.
The property suits buyers looking for a relatively new build that requires no major immediate renovations, though the basement is noted as unfinished. Its above-average rankings suggest a home that is both sizable and well-valued within its context, ideal for professionals or families seeking a move-in ready property in a established newer community. A thoughtful perspective is that while the home excels in metrics like space and modern build year, it offers a "blank canvas" potential in the basement, allowing future owners to customize that space to their needs without having to undo previous renovations.
Frequently Asked Questions
1. What does the "rank" or "better than" data actually mean?
This data compares the subject property against all other homes in the stated area (its street, neighbourhood, or city) for a specific metric. For example, ranking "better than 86% in same street" for living area means only 14% of homes on Cherrywood Road have a larger living space.
2. The home sold for much less in 2020. Does the current assessed value seem accurate?
The 2020 sale price reflects the initial purchase from the builder. The current assessed value of $650k is determined by the municipal authority and reflects market influences and property improvements over the past four years, aligning it with similarly valued homes in wider Winnipeg.
3. Is the basement usable?
Yes, the basement exists and is included in the total square footage of the property, but it is noted as "not renovated." This typically means it is an unfinished space suitable for storage or future development.
4. How does this property compare to the "Worth viewing" suggestions like 408 Cherrywood Road?
While in the same neighbourhood, the suggested properties are newer (2022 builds) and have different assessed values and living areas. This highlights that 386 Cherrywood may offer a slightly more established lot and a different value proposition within the same community.
5. The property ranks highly in Winnipeg for year built. Is that a major advantage?
Ranking newer than 97% of homes in Winnipeg is a significant advantage, indicating modern construction standards, materials, and systems that typically mean greater energy efficiency and fewer near-term maintenance concerns compared to the city's older housing stock.