Property Overview: 197 Cherrywood Road, Bridgwater Trails
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2020, offers modern living in the popular Bridgwater Trails neighbourhood. Its key appeal lies in a balance of newer construction and established community. With 2,077 sqft of living space and a 4,666 sqft lot, it provides ample room for a growing family. The home includes an attached garage and an unfinished basement, presenting a blank canvas for future customization.
The property’s strength is its relative newness compared to much of Winnipeg, ranking newer than 97% of homes in the city. This suggests modern building standards, energy efficiency, and minimal immediate repair needs. Its living area is also spacious for the local market, ranking larger than 92% of Winnipeg homes. The appeal is for buyers seeking a move-in ready, contemporary home in a master-planned community, ideally suited for young professionals or families who value modern layouts, community amenities, and the potential to personalize the basement space over time. A thoughtful perspective is that while the lot size is average for the street, the home’s newer age and above-average interior space offer a practical trade-off, prioritizing the building’s condition over expansive outdoor land.
Section 2: Frequently Asked Questions
1. What is the significance of the "rank" statistics provided?
These rankings compare this property against others on its street, in Bridgwater Trails, and across all of Winnipeg for metrics like size and age. They help contextualize the home’s value proposition, showing where it excels (e.g., it's newer than most city homes) and where it is more average (e.g., lot size).
2. The assessed value is $57.10k, but what would the expected market price be?
Assessed value is for municipal tax purposes and is typically significantly lower than market value. The actual listing or sale price would be determined by current market conditions. The last recorded sale was in late 2020 for $46.40k.
3. What does "BasementYes, not renovated" mean?
It confirms the home has a basement, but it is unfinished. This means the space is likely raw (concrete floors, exposed framing/utilities), offering the next owner the opportunity to design and finish it to their specific needs and taste.
4. How does this home compare to others in Bridgwater Trails?
The data shows it is newer than about 79% of homes in the neighbourhood and has more living area than about 72% of them. This positions it as a relatively modern and spacious option within this specific community.
5. The sold price from 2020 seems low. Is that relevant today?
That historical price is a data point showing the home’s purchase price at the time. It is not indicative of current value, which is influenced by several years of market changes, neighbourhood development, and improvements made to the property since then.