Property Overview
5 Cherryhill Road is a one-storey home in Winnipeg's Garden City neighbourhood, built in 1956. With 1,040 sqft of living space and a renovated basement, it sits on a 6,044 sqft lot and includes a detached garage. Recent sales data indicates a price range in the mid-$300,000s.
Section 1: Key Characteristics & Appeal
This home’s primary appeal lies in its practicality and established location. The renovated basement adds functional living space, a valuable upgrade in a home of this era. While the living area is modest for Garden City, the lot size is notably above average city-wide, offering good outdoor potential. The detached garage provides flexibility for parking, storage, or workshop space.
It presents as a straightforward, no-frills property. Its assessed value is consistently average across all comparison levels, suggesting it is priced in line with its fundamentals without speculative premium. This is a home for buyers who value a stable, quiet neighbourhood over brand-new finishes. It would suit first-time buyers looking for a manageable footprint, downsizers seeking a single-level layout, or practical investors attracted by its recent sale and turnkey condition. The data suggests you’re paying for solid ground and function rather than prestige or luxury.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to the area?
At 1,040 sqft, the living area is below the average for both Cherryhill Road and the broader Garden City area. This indicates a more compact, efficient layout compared to many neighbouring homes.
2. Is the lot size a positive feature?
Yes. While the lot is average for the immediate street and neighbourhood, it ranks in the top 30% city-wide. This means you get more outdoor space than is typical across Winnipeg, which is a relative advantage for gardening, recreation, or future expansion.
3. What does the assessed value tell us?
The assessed value (~$34.4k) is firmly average at every comparison level—street, neighbourhood, and city. This consistency suggests the property is not an outlier; its official valuation is aligned with its core attributes without unexpected highs or lows.
4. The home sold recently in 2024. What does that indicate?
The recent sale provides clear, current market validation for the price. For buyers, this reduces uncertainty compared to a property with a long or unclear sales history. It suggests the home meets basic market expectations.
5. Who might this property not suit?
It may not suit buyers looking for a large interior living space or a modern, open-concept layout typical of newer builds. Given its age and average rankings, those seeking a standout "dream home" feature or a fixer-upper with significant equity upside might look elsewhere.