264 Cherrywood Road

Property Overview: 264 Cherrywood Road, Bridgwater Trails

Section 1: Key Characteristics & Appeal

This 2018-built, two-storey home in Bridgwater Trails offers modern living with a manageable footprint. Its key characteristics include a 1,608 sqft living area, a full (but unrenovated) basement, a detached garage, and a well-sized 3,965 sqft lot. The home’s primary appeal lies in its balance of being relatively new—avoiding major immediate repairs—while being priced accessibly within a popular, master-planned community. Its recent sale in early 2024 provides clear, current market context.

The property suits first-time buyers or young families seeking a turn-key home in a modern neighbourhood without the premium of a brand-new build. It also appeals to practical buyers who value a blank-canvas basement for future customization over a pre-finished space that may not suit their tastes. The rankings provided, while not exceptional in its immediate street or neighbourhood, show the home holds its own in the broader Winnipeg context, particularly for its newer age and above-average living area for the city. It’s a solid choice for those prioritizing community amenities and a contemporary floor plan over a top-tier lot location within Bridgwater Trails.

Section 2: Frequently Asked Questions

1. What is the significance of the provided "rankings"?
The rankings compare this property against others on the same street, in Bridgwater Trails, and across Winnipeg for metrics like lot size and year built. They offer a quick, data-driven snapshot of how it stacks up in various categories, helping to contextualize its value.

2. The basement is noted as "not renovated." What does that imply?
It means the basement is unfinished or in a basic state, with concrete walls and floors. This is common in newer homes and represents both a cost-saving at purchase and an opportunity for future expansion to add value and living space according to your own needs and budget.

3. How does the recent sale price (Jan 2024) relate to the assessed value?
The sale price of $50,900k is close to the assessed value of $48.20k, indicating the sale was aligned with municipal assessment. This recent transaction provides a reliable, up-to-date market price, reducing uncertainty compared to properties that haven't sold in many years.

4. Who might the detached garage suit better than an attached one?
A detached garage can be preferable for hobbyists, woodworkers, or those who want a clear separation between vehicle storage/future workshop noise and the main living quarters. It also offers more flexibility for future laneway or garden suite plans, subject to local bylaws.

5. The lot is larger than many, but the street rank is lower. What does that mean?
While the 3,965 sqft lot is a good size, the "better than 9% in same street" ranking indicates that most lots on Cherrywood Road are even larger. This suggests the street consists of spacious properties, so you're buying into a street with a generous overall feel, even if this specific lot isn't the largest.