Property Overview
124 Cherrywood Road is a modern, single-storey home in the popular Bridgwater Trails neighbourhood. Built in 2018, its key appeal lies in a combination of a large, premium lot and a recently renovated basement, offering a blend of newer construction and updated living space. The property sits on a 7,601 sqft lot, which is notably larger than almost all others on its street (top 1%), providing exceptional outdoor space for a home of this vintage. While the living area (1,310 sqft) is more compact compared to many neighbours, this is balanced by the finished basement and the generous yard. Its recent sale history shows steady value appreciation, with a sale in late 2024 significantly above both its assessed value and a prior 2022 sale price, indicating strong market confidence.
This home is well-suited for first-time buyers or downsizers seeking a low-maintenance, single-level layout in a family-oriented community, without sacrificing outdoor privacy. It also appeals to value-conscious buyers who prioritize land size and the potential of a renovated basement over a larger main-floor footprint. A thoughtful perspective is that this property represents an efficient use of space; the investment has gone into the land and modernizing the full property (basement), rather than into excessive square footage, which can mean lower utility costs and less upkeep.
Frequently Asked Questions
Q: How does the lot size compare to typical properties in Winnipeg?
A: The lot is exceptionally large, ranking in the top 13% across all of Winnipeg. This is a standout feature for a newer home, as lot sizes in recent developments are often smaller.
Q: The living area seems smaller than some comps. Is the space functional?
A: While the main floor is modest, the inclusion of a renovated basement effectively doubles the usable living space. This creates a clear separation for activities, such as a main-floor living area and a basement rec room or guest space.
Q: What does the sale history tell us about the property's value?
A: The home sold for $56.80k in late 2024, which was well above its assessed value and its previous 2022 sale price of $49.80k. This trajectory suggests the renovations and desirable lot are reflected in its market price.
Q: Is the lack of a garage a significant drawback?
A: It depends on the buyer's needs. Many newer neighbourhoods have homes without garages, relying on street parking. The trade-off here is that the land area wasn't used for a garage structure, preserving more yard space.
Q: The home is newer, but how does it rank for age on its street?
A: Built in 2018, it's newer than about 55% of homes on Cherrywood Road. This means it's among the newer half on the street, but not the absolute newest, offering a balance of modern builds while being established in a maturing area.