Property Overview: 240 Cherrywood Road, Bridgwater Trails
Key Characteristics & Appeal
This two-storey home, built in 2017, presents a practical opportunity in Winnipeg’s Bridgwater Trails community. Its key appeal lies in being a relatively modern, low-maintenance property with room to grow. The home sits on a generous 3,777 sqft lot and features 1,602 sqft of living space with a full, unfinished basement—a significant blank canvas for future customization. A detached garage adds flexibility.
The data suggests a nuanced position: while the home’s assessed value ranks solidly above average for Winnipeg overall, it sits in a newer area where many nearby properties are larger or more recently built. This creates an interesting dynamic for buyers who value a modern build year (newer than 94% of Winnipeg) but are comfortable with a home that may benefit from personal updates. It perfectly suits first-time buyers or young families looking for a foothold in a newer suburb without the premium of a brand-new build, and for whom a basement project is an appealing prospect rather than a drawback.
Frequently Asked Questions
1. Is this a good value for the neighbourhood?
The assessed value is competitive, ranking in the top third for Bridgwater Trails. Given that the home is newer than many in the city but not the newest on its street, it may offer a value-oriented entry point into this modern community.
2. What is the potential for adding value?
The largest immediate opportunity is the unfinished basement. Completing this space could significantly increase the livable square footage. The sizable lot also offers potential for outdoor living or landscaping projects.
3. How does the detached garage affect usability?
A detached garage provides flexibility for a workshop or storage but requires going outdoors to access the house—a consideration for Winnipeg winters. It may also allow for more creative backyard space or future projects like a garage suite, subject to zoning.
4. The home sold in 2021. What does that tell us?
The 2021 sale price provides a recent market benchmark. Comparing it to the current assessed value and listing price can help gauge market movement and the seller’s pricing strategy in this specific area.
5. The lot is large, but the living area is modest. What does this mean?
This indicates the home has a favourable footprint-to-lot ratio. You get ample outdoor space for play, gardening, or entertaining, while the house itself is efficient and manageable to maintain, which can be a desirable balance for many buyers.