Property Overview
309 Cherrywood Road is a modern, two-storey home in the popular Bridgwater Trails neighbourhood. Built in 2020, it offers a turnkey lifestyle with a renovated basement and an attached garage, situated on a generous 5,178 sqft lot. Its appeal lies in its balance of contemporary construction, established community, and strong value positioning. The home suits buyers looking for a low-maintenance, newer build in a family-oriented area, who appreciate having recent updates already completed and value data-driven metrics on a property's standing.
Key Characteristics & Ideal Buyer
The home’s primary strength is its modern foundation paired with thoughtful updates. As a 2020 build, major systems and finishes are relatively new, minimizing immediate repair concerns. The renovated basement adds immediate functional space. From an investment perspective, the property ranks highly against its peers: it sits in the top 6% of its street for assessed value, the top 5% in Winnipeg for living space, and the top 3% for the newness of its build. This suggests a premium property within its immediate context.
Its appeal is for pragmatic buyers who weigh both lifestyle and equity. It’s ideal for young families or professionals seeking a move-in-ready home in a planned community, where the "renovated basement" is a solved project. The strong rankings indicate it’s a standout property on its street and in its wider area, which may appeal to those conscious of resale value and neighbourhood stature. It’s less suited for those seeking a fixer-upper, a pool, or an ultra-unique character home.
Frequently Asked Questions
1. What do the "rank" percentages actually mean?
They show how this property compares to others in the area. For example, "Better than 83% in same street" for year built means only 17% of homes on Cherrywood Road are newer. It’s a quick way to gauge if features like lot size or assessed value are above or below average for the location.
2. The assessed value is $67.90k. Is that the market price?
No. In Manitoba, the assessed value is for municipal tax purposes and is typically much lower than market value. The sale price is determined by the current market. The key takeaway is that its assessment ranks in the top 6% on its street, indicating it's considered a higher-value home by the assessor.
3. The home sold in March 2020. Why is that relevant?
That sale was likely the original purchase from the builder, just as the home was completed. This provides a clear baseline for how much the owner's equity has grown from the original price ($56.30k) to the current assessed value, highlighting the property's appreciation in a short time.
4. Is the lot size typical for Bridgwater Trails?
At over 5,000 sqft, the lot is larger than 81% of those on its street. In newer neighbourhoods, lot sizes can vary. This suggests a more spacious yard than many immediate neighbours, which is a notable advantage in a modern subdivision.
5. What is the significance of the "Nearby" and "Similar assessed value" properties listed?
These provide context. "Nearby" shows the density and style of immediate neighbours. "Similar assessed value" properties in other neighbourhoods like Whyte Ridge or Linden Ridge indicate what price range this home is in, allowing for cross-community comparison.