Property Overview & Appeal
This two-storey home in Bridgwater Trails is a modern property, built in 2019, offering a move-in-ready canvas on a 4,000 sqft lot. Its key appeal lies in its balance of new construction benefits—like contemporary building standards and minimal immediate repair needs—with the opportunity for personalization, particularly in the unfinished basement. The 1,620 sqft living area is sized for growing families or professionals seeking space without excessive upkeep.
The home suits first-time buyers or young families looking for a modern community feel in Winnipeg. Its recent sale history shows significant equity growth since 2019, suggesting a history of solid value appreciation in a sought-after area. A thoughtful perspective for buyers is the lot size: while the home's living area ranks in the middle tier locally, the lot is larger than most on its street, offering better outdoor potential than many newer builds. However, the absence of a garage is a notable trade-off for the neighbourhood's modern amenities.
Frequently Asked Questions
1. How does the value compare to the recent sale price?
The home last sold in June 2024 for $510,000, which is substantially higher than its current assessed value of $46,400. This is typical, as assessed value for taxation purposes often lags behind market value. The sale price is the clearest indicator of its current market worth.
2. What does the "ranking" data mean for this street and neighbourhood?
The percentile rankings compare this property against others. For example, its lot size is "better than 18% in same street," meaning 82% of lots on Cherrywood Road are larger. Conversely, its newer year built is "better than 67%," meaning it's newer than most houses on the street. This helps gauge where the property stands in its immediate context.
3. Is the basement developed?
No, the basement is noted as "not renovated," meaning it is unfinished. This presents both a cost and an opportunity—it requires investment to develop but allows you to customize the space to your needs.
4. Why is there no garage, and is that common here?
The listing specifies "Garage: None." While many newer homes include garages, its absence may be reflected in the price and is a key factor to consider for vehicle storage and winter convenience.
5. The sold price in 2019 was much lower. What does that indicate?
The home sold for $404,000 when newly built in 2019. The increase to $510,000 in 2024 represents significant appreciation. This trend aligns with the broader Winnipeg market and specifically highlights the demand in the Bridgwater Trails area over the past five years.