Property Overview: 448 Cherrywood Road, Bridgwater Trails
Key Features & Ideal Buyer
This two-storey home, built in 2020, presents a compelling opportunity in Winnipeg's Bridgwater Trails neighbourhood. Its primary appeal lies in a combination of modern construction, above-average space, and a strong value position within the broader market. The nearly 2,730 sqft of living area is notably spacious, ranking in the top 1% on its street and top 4% in the neighbourhood. The property sits on a large lot (over 5,800 sqft) and includes an attached garage and a renovated basement, adding functional living space.
The home’s standout characteristic is its consistent high ranking across key metrics. It places in the top 10-25% for lot size and building age within its immediate area, but its most striking figures are in value and size comparisons city-wide. It ranks in the top 2-3% of Winnipeg for both living area and assessed value, suggesting a property that offers more space and perceived value than the vast majority of homes in the city. This isn't just a nice home for the street; it's a sizeable, modern property by wider urban standards.
This home would suit buyers looking for a move-in ready, modern build without the wait or uncertainties of new construction. It’s ideal for a growing family seeking ample indoor and outdoor space in a planned community. The strong assessment history also makes it a sensible choice for value-conscious buyers who appreciate metrics, as the data indicates a property that has maintained a premium position relative to its peers.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. Prospective buyers should inquire about the scope of work, the quality of materials, and whether any permits were obtained for the renovation.
2. How does the 2020 sale price compare to the current asking price?
The home sold for $76,000 in September 2020. The current assessed value is $78,400. This close alignment suggests stable value retention, but the final list or sale price will be determined by current market conditions and any upgrades made since the last sale.
3. The lot is large for the area. What are the outdoor amenities?
While the listing notes no pool, the sizable 5,837 sqft lot offers significant potential for landscaping, gardening, or recreational space. Buyers should consider the yard's orientation, current landscaping, and any established features like decks or patios.
4. The city-wide rankings are exceptional. What's the catch?
The rankings show this home is larger and valued higher than most in Winnipeg. This is likely due to its modern build in a newer suburb. The "catch" is typically reflected in the price point and location preferences—it suits those seeking a contemporary suburban lifestyle over an older, central character home.
5. How does this home compare to the nearby referenced properties?
The listed comparable at 408 Cherrywood Road (built 2022, 2,261 sqft) is newer but significantly smaller. 448 Cherrywood offers more living space on a larger lot for a moderately higher assessed value, potentially representing better value per square foot for buyers who prioritize space over being the absolute newest build.