Property Overview: 193 Cherrywood Road, Bridgwater Trails, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This two-storey home, built in 2020, is a modern property in the popular Bridgwater Trails neighbourhood. Its primary appeal lies in its balance of contemporary living and established community. With 2,179 sqft of living space on a 4,666 sqft lot, it offers ample room for a growing or established family. The attached garage and existing (though unrenovated) basement provide practical space and future potential.
The home’s standout feature is its relative newness in a city-wide context, ranking newer than 97% of Winnipeg properties. This suggests modern building standards, energy efficiency, and minimal immediate maintenance. Its value has appreciated steadily since its 2020 sale, and its current assessed value ranks highly within its immediate area, indicating a strong position in the local market. The appeal is for the buyer who wants a move-in ready, modern home without the wait and uncertainties of new construction, but who may see the unfinished basement as a canvas for future customization.
This property would suit young families or professionals seeking a modern home in a master-planned community with amenities. It also fits the practical buyer who appreciates quantifiable metrics—seeing that the home ranks well above average in size, age, and value for its street and neighbourhood provides a grounded sense of getting a solid, above-par property for the area.
Frequently Asked Questions
1. How does the property’s value compare to the neighbourhood?
The assessed value of $63,800k ranks higher than 78% of properties in Bridgwater Trails, placing it in the top quarter for the area. This suggests it is a above-average offering for the neighbourhood.
2. What does the "unrenovated basement" mean?
The listing confirms a basement exists but that it has not been renovated. Buyers should budget and plan for finishing this space to suit their needs, though it offers valuable additional square footage and potential.
3. Is the property larger or newer than others on the street?
Yes. The home ranks better than 74% of houses on Cherrywood Road for living area and better than 83% for its newer year of build (2020). This means it is both more spacious and more modern than most of its direct neighbours.
4. What are the comparable properties nearby?
The listing references nearby homes on Cherrywood Road and similar assessed values in other Winnipeg neighbourhoods. For a true comparison on style, condition, and specific location, viewing similar-aged homes within Bridgwater Trails itself is recommended.
5. Has the property value increased since it was last sold?
Yes. It sold for $58,900k in May 2020 and now has an assessed value of $63,800k, indicating appreciation. Market conditions and specific upgrades will influence the final sale price.