Property Overview: 209 Cherrywood Road, Bridgwater Trails
Key Characteristics & Appeal
This two-storey home, built in 2021, presents a compelling blend of modern living and established value in Winnipeg's Bridgwater Trails community. Its key appeal lies in its balance of being a relatively new build—requiring less immediate maintenance—with a recently renovated basement that adds immediate functional space. The property sits on a generous 4,666 sqft lot with an attached garage.
Statistically, the home stands out in several key areas compared to its local and city-wide peers. It ranks in the top tier for its newness (newer than 98% of Winnipeg homes), above-average living space (larger than 96% in Winnipeg), and a strong assessed value that places it in the top 3% citywide. This suggests a well-regarded property in a desirable setting. The data indicates significant equity growth since its last sale in 2021, with the assessed value rising from approximately $62,900k to $70,500k.
This property would suit buyers looking for a move-in-ready, modern home in a planned neighbourhood who want to avoid the wait and uncertainties of new construction. It’s particularly suited for growing families or professionals who value the extra finished space of a renovated basement and appreciate a home that already shows strong value appreciation in its early years.
Frequently Asked Questions
Q: How does the lot size compare to others in the area?
A: At 4,666 sqft, the lot is larger than about 60% of properties on the same street, offering a decent outdoor space in a newer community where lots can vary.
Q: What does the "renovated basement" entail?
A: The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the selling agent to understand the quality and purpose of the space.
Q: The assessed value has increased notably since 2021. What does this mean?
A: The increase from approximately $62,900k to $70,500k in assessed value suggests the property has appreciated well, likely due to market conditions, the basement renovation, and its relative newness. It’s a strong indicator of built-up equity.
Q: Are the property taxes likely to be high?
A: Given the assessed value is in the top 3% for Winnipeg, property taxes will likely be correspondingly higher. Prospective buyers should budget for this based on the current mill rate.
Q: The home is only 5 years old. Are there any builder warranties still in effect?
A: For a 2021 build, some original builder warranties on major components like structure or envelope may still be transferable. This is an important point to investigate, as it could provide valuable peace of mind.