Property Overview
263 Cherrywood Road is a modern two-storey home in the Bridgwater Trails neighbourhood, built in 2020. Its primary appeal lies in its balance of contemporary construction and strong value metrics within a popular community. The home features an attached garage, a full (but unrenovated) basement, and sits on a 4,667 sqft lot.
The property’s standout characteristic is its consistent ranking above average in key comparisons. It scores particularly high for its living area size (top 20% on its street, top 5% in Winnipeg) and newness (top 17% on its street, top 3% in Winnipeg). The 2023 sale price of $66.50k was notably higher than its 2020 purchase price, indicating solid appreciation in its first few years. This combination of a modern build, spacious interior, and demonstrated value growth makes it a practical and appealing choice.
This home would suit buyers looking for a move-in ready, low-maintenance property from the current decade without paying a premium for a brand-new build. It’s ideal for growing families or professionals who prioritize space and modern infrastructure, and who find value in a home with a clear, positive price history in a well-regarded master-planned community.
Frequently Asked Questions
What does the "rank" data actually mean?
The percentile rankings (e.g., "Top 20%") show how this property compares to others in a specific geographic group. For example, its living area is larger than 80% of homes on its own street, making it a relatively spacious home in its immediate area.
The assessed value is lower than the last sale price. Is that a concern?
Not necessarily. Municipal assessed values for taxation often lag behind current market values. The fact that it sold for $66.50k in 2023, above its $60.50k assessment, is common and may reflect market conditions at the time of that sale.
The basement is noted as "not renovated." What should I expect?
This typically means the basement is unfinished or only partially finished. It presents a blank canvas for future expansion, adding potential value, but would require an additional investment to become livable space.
How significant is the price increase from 2020 to 2023?
The home sold for $48.30k in 2020 and $66.50k in 2023. This represents substantial appreciation. While past performance doesn't guarantee future results, it suggests the property has held and increased its value well in its early years.
Who might this property not be for?
Buyers seeking a fully finished home with a move-in-ready basement or extensive custom renovations may need to budget for additional work. Similarly, those looking for a historic character home or a very established, mature landscape might prefer an older neighbourhood.