Property Overview: 88 Cherrywood Road, Bridgwater Trails, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modern, two-storey home built in 2017, offering a low-maintenance start in the popular Bridgwater Trails community. Its key appeal lies in its balance of contemporary build quality and established neighbourhood living. With 1,904 sqft of living space and a generous 4,460 sqft lot, it provides ample room for a growing family. The home features a detached garage and an unfinished basement, presenting a clean slate for future customization.
The property’s strength is its relative newness within the broader Winnipeg market, ranking newer than 94% of city homes. It suits first-time buyers or young families looking for a move-in-ready home in a planned community without the wait of new construction. It also appeals to the practical buyer who sees value in an unrenovated basement—it’s a project space without the urgency or hidden issues of an older home. A thoughtful perspective is that while the home ranks in the middle of its immediate street for metrics like size and assessed value, it offers stability; you’re not overpaying for the top-tier lot on the block, but you’re acquiring a solid, modern property in a desirable area.
Section 2: Frequently Asked Questions
1. What is the neighbourhood like?
Bridgwater Trails is a master-planned community in south Winnipeg known for its parks, pathways, and family-friendly amenities. It offers a suburban feel with modern infrastructure.
2. Is the basement finished?
No, the basement is unfinished. This is often seen as a positive for buyers wanting to customize the space to their own needs and budget, without needing to undo previous renovations.
3. How does this property compare to others on the street?
The home’s living area is larger than 54% of homes on Cherrywood Road, and its lot is larger than 74%. Its assessed value is higher than 35% of street properties, indicating it is reasonably positioned among its direct neighbours.
4. What does the assessed value ranking mean for Winnipeg?
The assessed value of $519,000 is higher than 85% of all residential properties in Winnipeg, placing it in the top 15%. This suggests it is a above-average value home for the city market as a whole.
5. Are there any immediate concerns from the sales history?
The home last sold in 2017 for $403,000. The significant increase in assessed value since then is consistent with market trends for newer homes in developing communities over that period, but it’s always wise to have a current market evaluation done.