Property Summary: 136 Cherrywood Road, Bridgwater Trails, Winnipeg
Section 1: Key Characteristics & Appeal
This 2015-built, two-storey home in Bridgwater Trails offers a practical, modern footprint with 1,746 sqft of living space on a standard 3,777 sqft lot. Its key appeal lies in being a relatively newer, low-maintenance property within a popular suburban community. The home features a detached garage and an unfinished basement, presenting a straightforward canvas for future customization.
The property’s standout characteristic is its value positioning within the broader Winnipeg market. While its metrics are average for its immediate street and neighbourhood, it ranks notably well city-wide for its newer age (top 8% in Winnipeg) and above-average living area (top 17%). This suggests a home that offers modern construction and decent space at a potentially accessible price point for the area. It would suit first-time buyers or young families seeking a move-in ready home in a developed community, or value-conscious buyers who see potential in personalizing the unfinished basement over time. A thoughtful perspective is that the average neighbourhood rankings might indicate a more competitive price point within Bridgwater Trails itself, making it a candidate for buyers who prioritize the community but are flexible on specific street appeal.
Section 2: Frequently Asked Questions
1. What is the significance of the "rank" statistics?
The rankings compare this property against others on the same street, in Bridgwater Trails, and across all of Winnipeg for specific metrics (like size, age, or value). They help contextualize whether a feature is common or stands out in each geographic tier.
2. Why is the Assessed Value ($49.60k) so different from the last sold price ($430k in 2016)?
The assessed value is set by the municipal government for taxation purposes and is typically much lower than market value. The market value (or sale price) is determined by what a buyer is willing to pay.
3. Does the "unfinished basement" mean it’s unusable?
No, it means the basement space is structurally complete but not developed into finished living areas (like a rec room or bedroom). It provides functional storage and mechanical space and offers the next owner the opportunity to finish it to their own taste and budget.
4. The home ranks "better than 8%" on its street for land area. Is the lot small?
The ranking indicates that 92% of the lots on Cherrywood Road are larger. While the 3,777 sqft lot is a standard suburban size, this comparison suggests it is on the more compact end for this specific street.
5. How useful are the "For Reference" and "Worth Viewing" comparisons?
These listings provide a snapshot of other available properties in Bridgwater Trails with similar age or value. They are helpful for benchmarking but represent a dynamic market; their status and prices may have changed.