Property Summary: 316 Cherrywood Road, Bridgwater Trails
Key Characteristics & Appeal
This modern two-storey home, built in 2018, presents a compelling blend of space, location, and value within Winnipeg’s sought-after Bridgwater Trails community. Its key appeal lies in its generous proportions and established yet fresh condition. With a living area of 2,663 sqft, it ranks in the top 2% of homes on its street and top 6% within the neighbourhood for size, offering ample room for family living. The property sits on a large 6,108 sqft lot and features an attached garage and a renovated basement, adding valuable functional space.
Beyond the specs, the home’s strength is its balanced standing in a desirable, newer development. It’s not the newest build on the block, but it benefits from being past the initial settling phase while still being modern. The assessed value has shown healthy growth since its last sale in 2020, indicating solid market confidence. This property would ideally suit growing families or professionals seeking a move-in ready home in a prime suburban area without the premium of a brand-new construction. It’s for buyers who prioritize space and a strong community ranking over having the absolute latest model year.
Frequently Asked Questions
1. How does the year built (2018) compare to nearby homes?
At 8 years old, this home is newer than 95% of properties across Winnipeg. Within Bridgwater Trails, it’s slightly above the median age, meaning the neighbourhood has both older and newer homes, offering a blend of established landscaping and modern community amenities.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This should be a key point of inquiry to understand the finish quality, layout, and whether it includes legal egress, a bathroom, or a kitchenette.
3. The assessed value is $71.90k. Is that the market price?
No. Assessed value is for municipal tax purposes and is typically significantly lower than market value. The last sale price was $60.60k in 2020, and the current market price would be determined by recent comparable sales and present conditions.
4. How does the lot size impact the property?
At over 6,000 sqft, the lot is larger than 92% on the street. This offers more private outdoor space, potential for gardening or recreation, and generally greater distance from neighbours compared to standard newer subdivision lots.
5. The home sold in 2020. Is that recent turnover a concern?
Not necessarily. A sale four years ago could indicate the previous owners’ life changes rather than a property issue. It’s more important to review the full history and the reasons for the current sale during the buying process.