292 Cherrywood Road

Property Overview: 292 Cherrywood Road, Bridgwater Trails

Section 1: Key Characteristics & Appeal

This well-maintained two-storey home, built in 2018, offers modern living in the popular Bridgwater Trails community. Its key appeal lies in a balance of relative newness, above-average space, and a solid value position within the wider Winnipeg market. With 2,022 sqft of living area on a 4,667 sqft lot, it provides ample room for a growing or established household. The home ranks notably high city-wide for its newer age (top 5%), living area (top 9%), and assessed value (top 9%), suggesting it is a comparatively modern and spacious property for its price bracket in Winnipeg. However, within its immediate street and neighbourhood, its rankings are more average, indicating it fits comfortably within the local context without standing out as exceptionally large or small.

The property would suit buyers looking for a move-in ready home from the last decade, who prioritize low-maintenance living and community amenities. It’s particularly fitting for those who value a modern build’s efficiencies but don’t require a brand-new project. The unrenovated basement presents a clear opportunity for future customization to add value and space, making it a sensible choice for buyers with a medium-term view who can tailor the home to their needs over time.

Section 2: Frequently Asked Questions

1. Is the basement finished?
No, the basement is not renovated. This provides a blank canvas for future expansion, allowing you to finish it according to your own taste and budget.

2. How does this home compare to others in Bridgwater Trails?
The home is very typical for the area in terms of its age and lot size, ranking near the middle of the pack. Its living space is somewhat above average for the neighbourhood, offering a bit more interior room than many comparable properties.

3. What does the assessed value ranking mean?
The assessed value of $57,100k places this home in the top 9% of all Winnipeg properties, meaning it is valued higher than most in the city. This often correlates with newer builds and desirable locations. In its own neighbourhood, it ranks in the top 38%, indicating it’s a solidly mid-to-upper range property locally.

4. The home sold in 2019. What might that indicate?
It suggests the current sellers are likely the first owners after the build, offering a clear chain of ownership. Understanding why they are moving after roughly five years could provide useful context during the buying process.

5. Are the nearby comparison properties similar?
The listed nearby properties are direct neighbours, useful for gauging street appeal and density. The "similar assessed value" properties are located in entirely different neighbourhoods across Winnipeg, which highlights how this home’s official valuation compares to a diverse set of properties city-wide, not necessarily similar homes in style or location.