Property Overview & Key Characteristics
This two-storey home at 81 Cherrywood Road in Bridgwater Trails is a modern, well-sized property built in 2019. Its primary appeal lies in its combination of above-average space, recent construction, and a strong value position within its immediate area. With 2,359 sqft of living space, it is larger than approximately 85% of homes in its neighbourhood and sits on a 5,135 sqft lot. A key feature is the renovated basement, adding to its functional living area. The home’s assessed value and recent 2022 sale price rank it in the top 15% and top 3% of the neighbourhood, respectively, indicating a premium property for the area.
The property would suit buyers looking for a move-in ready, modern home in a newer suburb who prioritize space and established value. It’s particularly suited for growing families or professionals seeking a home that already stands out in terms of size and relative investment within its community, without being a project. A thoughtful perspective is that while newer, the 2019 build date means the home is just past its initial builder warranty period, a point for due diligence but also past most early-construction settling issues.
Frequently Asked Questions
1. How does this home compare to others on the street?
It ranks highly. It's in the top 20% for lot size, top 14% for living area, and top 3% for assessed value on Cherrywood Road, indicating it is one of the larger and more valuable properties on the street.
2. What does the sale history tell us?
The home sold for $730k in November 2022. Prior to that, it was purchased as a new build for $505k in May 2019. This history shows significant appreciation in its first three years.
3. Is the basement development original?
No. The listing specifies the basement has been renovated, meaning it was finished after the initial build, potentially adding valuable living space.
4. How does its value hold up in the wider Winnipeg context?
Exceptionally well. Its assessed value places it in the top 3% of all Winnipeg properties, and its living area is in the top 4%. This suggests it offers more space and value than the vast majority of city homes.
5. What are the comparable nearby properties like?
The provided comparables in Bridgwater Trails are generally older (2015-2018) and have smaller living areas (ranging from 1,564 to 2,289 sqft), with lower assessed values. This underscores that 81 Cherrywood Road is a newer, larger, and higher-valued option within the same neighbourhood.