Property Overview & Key Characteristics
This 2019-built two-storey home in Bridgwater Trails offers modern living with strong, quantifiable appeal. Its key characteristic is a consistent ranking in the top tier for its size, value, and newness compared to most of Winnipeg. With 2,244 sqft of living space, it is larger than 78% of homes on its street and 95% in the city. The property has appreciated well, last selling for $68,300 in 2023, a figure that ranks in the top 6% for the street. It sits on a nearly 5,000 sqft lot and includes an attached garage and an unfinished basement.
The appeal lies in securing a relatively new, low-maintenance home in a popular suburban community without the premium often attached to brand-new builds. It suits practical buyers looking for a move-in-ready family home with modern construction standards, and value-focused buyers who appreciate concrete data showing the home performs favorably in area rankings for space and assessed value. A thoughtful perspective is that the unfinished basement, while not a feature, represents a clear opportunity for future customization and equity growth tailored to the next owner's needs, rather than paying for someone else's finished layout.
Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The 2023 sale price was $68,300, while the current assessed value is $64,100. This is a typical and close alignment, indicating stable market valuation.
2. What do the ranking percentages (e.g., "Top 22%") actually mean?
These rankings directly compare this property against all others in the stated area (street, neighbourhood, or city) for a specific metric. For example, being in the "Top 22%" for living area on its street means approximately 78% of homes on Cherrywood Road are smaller.
3. The basement is listed as "not renovated." What condition is it in?
The listing specifies the basement is unfinished. This means it is likely a clean, open space with bare walls and concrete floors, ready for the buyer to design and finish as they wish.
4. Is the property's value growth typical for the area?
The home increased in value from its 2019 sale price of $52,600 to $68,300 in 2023. Its rankings show this growth outperformed most homes in Winnipeg and is strong for the neighbourhood, suggesting above-average appreciation.
5. How does the lot size impact this property?
At 4,931 sqft, the lot is larger than 77% of those on the same street. This offers more private outdoor space than many newer suburban homes, a valuable and less replaceable asset than interior square footage.