Property Overview: 100 Cherrywood Road, Bridgwater Trails
Section 1: Key Characteristics & Appeal
This two-storey home in the Bridgwater Trails neighbourhood presents a practical opportunity for a specific buyer. Built in 2019, it is a relatively modern property requiring no major structural updates, offering a move-in-ready canvas. Its key appeal lies in its balance of a newer build within a popular, master-planned community, paired with a lot size that is above average for the immediate street. The home’s recent sale history shows steady value appreciation, suggesting a stable investment in a growing area.
The property is best suited for first-time buyers, young families, or downsizers who prioritize a modern foundation in a community with amenities over a turn-key, upgraded home. It’s ideal for those comfortable with a property that has a functional, unrenovated basement and no garage—a trade-off for the newer construction and lower maintenance that comes with a 7-year-old home. A thoughtful perspective is that this home offers a chance to add value over time through personalization, rather than paying a premium for someone else’s finished renovations.
Section 2: Frequently Asked Questions
1. What does "Basement: Yes, not renovated" mean in practical terms?
It means the basement is unfinished. It has been built to code with basic walls, flooring, and utilities but is a blank space awaiting drywall, flooring, and design. This is a cost-saving feature at purchase but requires future investment to become livable space.
2. How significant is the lack of a garage?
This is a major consideration for vehicle storage, workshop space, and general storage. Buyers should factor in the cost and feasibility of adding a shed or future garage, and assess on-street parking availability, especially in winter.
3. The assessed value seems low compared to recent sale prices. Why?
Municipal assessed values for tax purposes often lag behind current market values. The more relevant figure is the October 2024 sale price of $50.50k, which reflects the home’s recent market worth. The assessment is not a direct indicator of resale value.
4. The home ranks poorly for "Assessed Value" on its street. What does that indicate?
This statistical rank suggests that many homes on Cherrywood Road have a higher municipal assessment. This doesn’t necessarily mean those homes are worth more on the market today, but it may indicate that this specific property or its lot characteristics are assessed at a lower value for tax purposes relative to its neighbours.
5. Given the rankings, is this a good value in the Bridgwater Trails neighbourhood?
The rankings show a mixed picture: the home is newer than most in Winnipeg but average for its neighbourhood. Its lot is larger than many on the street, but its living space is modest. Value here is subjective; it’s a newer home on a good-sized lot, but you are compromising on finished space and a garage compared to some other options in the area.