Property Overview & Key Characteristics
This two-storey home in Bridgwater Trails offers a practical, modern foundation in a sought-after neighbourhood. Built in 2016, its key appeal lies in a balanced combination of a relatively new build, a generous 4,459 sqft lot, and a layout with 1,638 sqft of living space. The home presents as a solid, unrenovated canvas, featuring a detached garage and an unfinished basement ready for future customization.
Its value is underscored by steady appreciation, with a recent sale price of $500k in March 2024, aligning closely with its current $480k assessed value. While the home ranks in the middle of its immediate street for size and value, it stands out on a city-wide scale, ranking newer than 93% and larger than 79% of Winnipeg homes. This suggests a property that offers more space and modernity than the typical Winnipeg home, but within a street of similar, newer properties.
The home would suit first-time buyers or young families looking for a move-in-ready home in a modern community without paying a premium for high-end finishes. It’s also a fit for value-conscious buyers who see potential in personalizing an unfinished basement over time, adding equity through sweat equity rather than upfront cost.
Frequently Asked Questions
1. Is the basement developed?
No, the basement is unfinished. This presents both a cost-saving on the purchase price and a future opportunity to customize the space to your specific needs.
2. How does this property compare to others on the street?
The home sits in the middle to upper-middle range on Cherrywood Road for lot size and living area. It is, however, one of the older homes on a street of very new builds, which is reflected in its ranking for year built.
3. What does the sale history indicate?
The sale history shows strong and consistent appreciation from its 2016 purchase, with a significant jump between 2020 and 2024. The close alignment of the last sale price with the current assessed value suggests a stable, realistic market price.
4. What is the neighbourhood like?
Bridgwater Trails is a modern, master-planned community in Winnipeg. The provided comparable properties all sit within this neighbourhood, indicating a consistent and desirable area with homes of similar age, style, and value.
5. Are there any immediate concerns or drawbacks?
The home is described as "not renovated," so buyers should budget for any cosmetic updates. As a home now eight years old, a thorough inspection of builder-grade components (like appliances, flooring, and HVAC) reaching their typical lifespan would be prudent.