Property Overview: 181 Cherrywood Road, Bridgwater Trails, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2021, offers modern living in the popular Bridgwater Trails neighbourhood. Its key appeal lies in being a relatively new build, requiring less immediate maintenance than an older home. The property features a good-sized lot (4,628 sqft) and an attached garage, with a living area of 1,820 sqft that ranks comfortably above average for Winnipeg.
The home suits first-time buyers or young families seeking a move-in-ready property in a modern community. Its strong rankings for being newer than most homes in the city (top 2%) and having above-average living space offer a sense of value and contemporary comfort. A thoughtful perspective is that while the basement exists, it is noted as not renovated, presenting a clear, defined project for future expansion or customization to suit a buyer's needs. The data suggests the home sits on a quieter part of Cherrywood Road, ranking better than only 29% of homes on the same street for lot size, which could appeal to those preferring a more contained, manageable yard.
Section 2: Frequently Asked Questions
1. How does this home compare to others in Bridgwater Trails?
The home is newer than approximately 90% of properties in the neighbourhood. Its living space is larger than 56% of area homes, placing it in a comfortable middle range for the community.
2. What is the potential for future value?
The home’s assessed value has increased since its 2021 sale, and it ranks in the top 12% for assessed value city-wide. The unrenovated basement presents a clear opportunity to add value through future development.
3. Is the lot size typical for the area?
At 4,628 sqft, the lot is larger than the Winnipeg average but is actually on the smaller side for Cherrywood Road itself, ranking in the bottom third for lot size on the street. This may mean less yard maintenance.
4. What does "not renovated" for the basement imply?
It indicates the basement is unfinished or in a basic state. Buyers should budget and plan for any desired development, from insulation and drywall to creating finished rooms.
5. How does the sold price history inform the current asking price?
The home sold for $44.90k in April 2021, likely prior to completion. The current assessed value is $54.80k. This history shows appreciation and provides a benchmark, but the market conditions of the original sale (likely a pre-construction purchase) were very different from today's resale market.