Property Overview
20 Cherrywood Road is a modern two-storey home in Winnipeg's Bridgwater Trails neighbourhood, built in 2017. Its primary appeal lies in its strong position within a desirable, newer community. The property sits on a large 7,567 sqft lot, which is notably larger than most on its street and in the wider area. While the home itself (1,906 sqft) is comfortably sized, the data suggests its standout value is derived from its land and location rather than an exceptionally large living space. The home features an attached garage and an unfinished basement, presenting a blank canvas for future expansion.
This property would suit buyers looking for a established, low-maintenance home in a top-tier neighbourhood without paying a premium for a fully renovated interior. It's ideal for those who value outdoor space and future potential over immediate move-in perfection. The strong historical sale price increase (from $425k in 2016 to $675k in 2022) and its assessed value ranking in the top 10% of Winnipeg indicate it's a solid asset in a sought-after area, appealing to long-term investors and growing families alike.
Frequently Asked Questions
1. How does the unfinished basement affect the value?
While it may not appeal to buyers seeking immediate turn-key convenience, the unrenovated basement is a significant opportunity. It allows for customization and adds future livable square footage, which is often more cost-effective than buying a larger finished home upfront.
2. The home is newer (2017), but its "year built" rank on its street is only in the top 66%. What does that mean?
This indicates Cherrywood Road and Bridgwater Trails are uniformly modern developments. The home is not an outlier; it's part of a cohesive, contemporary streetscape. This consistency often supports stable property values and a uniform neighbourhood aesthetic.
3. The assessed value is $566k, but it sold for $675k in 2022. Which figure is more relevant?
The 2022 sale price is a concrete market transaction and is a stronger indicator of what buyers were recently willing to pay. The assessed value is for municipal tax purposes. The gap suggests the market has historically valued this specific property above its official assessment, a positive sign for equity.
4. What is the significance of the lot size being in the "top 1%" on its street?
In a newer subdivision where lot sizes can be similar, a lot that ranks this highly is a genuine differentiator. It offers more private outdoor space, potential for landscaping, gardens, or additions, and often feels less cramped than neighbouring properties—a premium feature that's hard to replicate.
5. Who is the typical buyer in Bridgwater Trails?
This community attracts a mix of young professionals, growing families, and empty-nesters seeking a modern, planned neighbourhood with newer amenities, parks, and trails. The data shows values here consistently perform well against wider Winnipeg averages, appealing to those prioritizing investment stability alongside lifestyle.