Property Summary: 236 Cherrywood Road, Bridgwater Trails, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modern, two-storey home built in 2019, offering a low-maintenance start in the popular Bridgwater Trails community. Its key appeal lies in its balance of newer construction and established neighbourhood living. The home sits on a generous 3,776 sqft lot and features a detached garage and an unfinished basement, providing a blank canvas for future expansion.
The property suits first-time buyers or young families seeking a contemporary home without the wait or uncertainties of new construction. Its recent build date means major components are likely under warranty, offering peace of mind. A thoughtful perspective is its positioning within the market: while its living space is comfortable, the significant lot size and unfinished basement represent its primary value-add opportunities for a buyer looking to customize and build equity over time. The data suggests it’s a solid, middle-of-the-road property within its immediate street and neighbourhood, but ranks highly across Winnipeg for its newness, indicating a relatively modern asset in the broader city context.
Section 2: Frequently Asked Questions
1. How does this home compare to others on the street?
Based on the available metrics, this home has a larger-than-average lot for the street but its living area and assessed value are currently below the street's median. This can present an opportunity to add value through renovations or finishing the basement.
2. What does the sale history indicate?
The home sold previously in 2019 and 2022. The price increase between those sales aligns with broader market trends of the time. This history shows established market activity, providing concrete, recent comparables for valuation.
3. Is the unfinished basement a drawback?
Not necessarily. For many buyers, an unfinished basement is a positive. It allows you to customize the space to your exact needs (e.g., a rec room, home office, or additional bedroom) without needing to undo previous renovations, and it keeps the initial purchase price lower.
4. How does Bridgwater Trails rank as a neighbourhood?
The data shows this specific property ranks in the top 35% of the neighbourhood for year built (newer) and top 66% for living area. Bridgwater Trails is a master-planned community known for its pathways, parks, and modern amenities, appealing to those seeking a suburban lifestyle with contemporary infrastructure.
5. What is the significance of the "Assessed Value" versus the last "Sold" price?
The assessed value ($48.80k) is for municipal tax purposes and is typically much lower than market value. The last sold price ($56.80k in 2022) is a historical market price. Neither should be taken as a current listing or sale price; they are reference points for understanding past value and tax base.