171 Cherrywood Road

Property Overview & Appeal

This 2018 two-storey home in Bridgwater Trails offers modern living with strong statistical appeal. Its key characteristic is a generous 2,418 sqft of living space, placing it in the top 10% of homes on its street and top 11% in the neighbourhood. The property sits on a large 5,095 sqft lot and features an attached garage and an unfinished basement, providing a blank canvas for future expansion.

The appeal lies in its balance of space, newer construction, and established value. It ranks in the top 5% of Winnipeg for the newness of its build and in the top 6% for its assessed value. A notable point is its 2022 sale price, which was significantly higher than its current assessment, suggesting a purchase could offer value relative to recent market peaks. This home would suit buyers looking for a move-in ready, spacious family home in a modern suburb, particularly those who appreciate having a large, unrenovated basement to customize to their own needs over time.

Frequently Asked Questions

Q: How does the unfinished basement impact the home's value and utility?
A: It presents both a cost-saving opportunity at purchase and future potential. Buyers aren't paying a premium for finished square footage they may want to change, but they should budget for insulation, drywall, and flooring to make it a comfortable living space.

Q: The 2022 sale price is much higher than the current assessed value. What does this indicate?
A: This primarily reflects broader market adjustments since 2022. The assessment provides a current baseline for municipal taxes, while the 2022 price is a historical data point showing the property's peak market value. It can indicate a potential value opportunity compared to that peak.

Q: The lot is large for the area. What are the advantages?
A: A 5,095 sqft lot offers more private outdoor space, better potential for landscaping or gardening, and greater distance from neighbouring homes compared to many newer subdivisions, which often have narrower lots.

Q: The home ranks very high for living area but lower for year-built on its street. Why?
A: This suggests Cherrywood Road is a uniformly modern street, with most homes built around the same time (2018±). Even ranking in the middle of the pack for "newness" here still means a contemporary home, and its high square footage ranking makes it one of the largest models on the block.

Q: Who is the typical buyer in Bridgwater Trails?
A: The neighbourhood attracts a mix of young families, professionals, and empty-nesters drawn to modern homes, planned community amenities, and newer infrastructure. This particular home, with its above-average size, is likely best suited for growing or established families.