Property Overview
16 Cherrywood Road is a well-maintained two-storey home built in 2017, situated on a larger-than-average lot in the popular Bridgwater Trails neighbourhood. Its appeal lies in a balance of modern construction, a desirable location, and strong value retention. The home features nearly 1,900 sqft of living space, an attached garage, and an unfinished basement offering potential for future customization. Key data points indicate it consistently ranks highly for lot size and value within Winnipeg, and its recent sale history shows stable pricing in a dynamic market. This property would suit first-time buyers or young families seeking a move-in ready home in a newer community, as well as value-conscious buyers who appreciate the upside of an unfinished basement to tailor to their own needs.
Frequently Asked Questions
1. What is the neighbourhood like?
Bridgwater Trails is a master-planned, newer community in Winnipeg known for its parks, pathways, and family-friendly atmosphere. The property's rankings show it is in a well-regarded location, performing better than most homes on its street and in the wider area for key metrics like lot size.
2. Is the basement finished?
No, the basement is unfinished. This is a key point for buyers: it means lower immediate costs but presents an opportunity to add value and customize the space to your specific requirements in the future.
3. How does the property's value compare?
The home's assessed value is consistent with recent sale prices, suggesting stable market valuation. Notably, its assessed value ranks in the top 12% city-wide, indicating it is considered a higher-value property within Winnipeg.
4. What are the property's strongest features?
Its strongest objective features are the generous 5,493 sqft lot (ranking in the top 14% on its street) and its relatively new construction (2017). The home also shows a history of strong value retention when compared to broader city trends.
5. What should I consider about the sale history?
The property sold recently in May 2024. The sale price was very close to its current assessed value, which can indicate a balanced and informed transaction. Reviewing the nearby and similarly valued comparison properties provided can help gauge the current market context.