Property Overview & Key Characteristics
168 Cherrywood Road is a modern two-storey home in Bridgwater Trails, built in 2017. Its key appeal lies in its balance of contemporary living with established value. The home sits on a 4,000 sqft lot and features 1,622 sqft of living space, a renovated basement, and a detached garage.
The property’s strength is its solid positioning within the broader Winnipeg market. While it ranks in the middle of its immediate street for size and age, it scores highly city-wide, especially for its newer build year (top 6% in Winnipeg) and above-average assessed value (top 17%). This suggests a well-maintained home in a desirable modern community that has held its value well, evidenced by a steady increase from its 2017 sale price. The renovated basement adds immediate functional space without the need for a project.
This home would suit first-time buyers or young families looking for a move-in ready, low-maintenance property in a newer neighbourhood. It also appeals to value-conscious buyers who appreciate a home that outperforms the city average in key metrics, offering a sense of long-term stability. The detached garage is a practical asset for small families or hobbyists needing extra storage or workspace.
Frequently Asked Questions
1. How does this home’s value compare to the area?
The home’s assessed value is higher than 83% of Winnipeg properties and 40% of those in Bridgwater Trails, indicating a strong valuation for its age and type. Recent comparable sales on the same street show a healthy appreciation since 2017.
2. Is the lot size typical for the street?
At 4,000 sqft, the lot is larger than 18% of properties on Cherrywood Road. This means it’s on the more compact side for the immediate street but remains a standard size for the modern neighbourhood.
3. What does the “renovated basement” include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key point to clarify with the seller or agent to understand the quality and use of the additional space.
4. The home ranks in the middle of its street for size and age. Should I be concerned?
Not necessarily. These rankings show it’s a typical home for Cherrywood Road. Its significantly higher city-wide rankings for build year and value suggest the street and neighbourhood itself are desirable, modern areas where even an "average" property holds substantial market appeal.
5. Are there any obvious red flags from the price history?
The price history shows consistent growth. It sold new in 2017 and again in 2022 at a significant gain. The steady increase, aligned with the above-average current assessment, points to a stable financial history without unusual price drops or speculative flipping.