Property Overview: 304 Cherrywood Road, Bridgwater Trails, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This well-maintained two-storey home in Bridgwater Trails offers a balanced, modern living package. Built in 2018, it features a renovated basement, an attached garage, and a generous 2,027 sqft of living space, which ranks within the top third for the neighbourhood. The lot is a comfortable 4,667 sqft. Its strong appeal is rooted in a compelling value history, having sold for $74.50k in late 2023—a figure that ranks in the top 2% of recent sales on its street and top 3% citywide, suggesting a desirable location or specific upgrades. The home suits buyers seeking a move-in ready property in a newer community without the premium of a brand-new build. It’s particularly fitting for growing families or professionals who value space, modern amenities, and a history of solid value retention. A thoughtful perspective is that while its citywide rankings for year-built and size are excellent (top 5-9%), its street-level rankings for lot size and age are more average, indicating it sits in a consistent, developed part of the community rather than standing out as an outlier.
Frequently Asked Questions
1. How does the recent sale price compare to the assessed value?
The home sold for $74.50k in December 2023, which is approximately $10k above its $64.10k assessed value. This is common, as assessed values for taxation don't always reflect current market value, especially following renovations.
2. What is the neighbourhood like?
Bridgwater Trails is a modern, master-planned community in Winnipeg. This home is on a street with very similar properties, as indicated by the close proximity and comparable specs of neighbouring houses, promoting a uniform streetscape.
3. Has the property increased in value since it was built?
Yes. It first sold for $56.60k in August 2019. The December 2023 sale at $74.50k represents significant appreciation over a 4-year period, even considering broader market trends.
4. Is the basement development included in the living area square footage?
Typically, no. The 2,027 sqft living area likely refers to above-grade space. The renovated basement is an additional bonus area, adding functional space not reflected in that primary figure.
5. How does this home rank for space compared to others?
Its living area is larger than 69% of homes in Bridgwater Trails and 91% in Winnipeg, offering above-average interior space. The lot size is more moderate, ranking better than about half of its immediate street and neighbourhood.