Property Overview
244 Cherrywood Road is a modern two-storey home in the Bridgwater Trails neighbourhood, built in 2017. Its key appeal lies in its balance of contemporary living with established community roots. The home features a renovated basement and a detached garage on a 4,000 sqft lot. With 1,634 sqft of living space, it offers a practical layout for everyday life.
The property’s data reveals a nuanced position. While its lot size and living area rank in the middle-to-upper tiers within its immediate street and neighbourhood, it stands out city-wide for its newer age (newer than 94% of Winnipeg) and above-average assessed value. This suggests a well-maintained home in a desirable, modern community. The last known sale was in 2019 for $450,000.
This home would suit first-time buyers or young families looking for a move-in ready property in a planned community, without the premium of a brand-new build. It also appeals to value-conscious buyers who prioritize a modern building foundation and the potential of a already-renovated basement over having the largest floor plan on the block.
Frequently Asked Questions
1. How does the property’s value compare to the neighbourhood?
The home’s assessed value is higher than 41% of properties in Bridgwater Trails, placing it in the top 59%. This indicates it is valued above the neighbourhood median, likely reflecting its renovated condition and modern build year relative to the area's average.
2. What does the "rank by area" data mean for the lot size?
The 4,000 sqft lot is larger than 18% of lots on Cherrywood Road, meaning lots on this street vary, with many being larger. However, compared to all of Winnipeg, this lot size is very competitive, offering good outdoor space for an urban property.
3. The home sold in 2019 for $450k. How is the current assessed value determined?
The assessed value ($50.70k) is for municipal tax purposes and is not a market valuation. Market value is influenced by recent sales, condition, and market trends. The significant difference from the 2019 sale price is due to this being a tax assessment, not an appraisal.
4. Who might this property not suit?
Buyers seeking a premier lot size on their street or the absolute newest construction (2020+) may find more suitable options nearby. The data suggests there are larger and newer lots in the immediate area, though often at a different price point.
5. What is the significance of the building age ranking so high city-wide?
Being newer than 94% of Winnipeg homes is a major advantage. It implies newer construction standards, less immediate need for major system updates (roof, HVAC), and potentially better energy efficiency compared to much of the city's housing stock.