Property Overview: 340 Cherrywood Road, Bridgwater Trails
Key Characteristics & Appeal
This 2019-built, two-storey home in Bridgwater Trails offers modern living with a practical footprint. Its key appeal lies in being a relatively newer construction (top 4% for age in Winnipeg) that requires no major immediate updates, paired with a generous living space of 2,280 sq ft (top 5% in the city). The home sits on a good-sized lot and includes an attached garage and an unfinished basement, providing a solid foundation and the potential for future customization.
The property’s strength is its balance. It ranks consistently above average for its size and age within its immediate street and the broader Bridgwater Trails neighbourhood, suggesting it fits well in a desirable, established area. The 2024 assessed value of $588,000 places it in the top third locally, indicating strong official valuation growth since its 2019 sale. This isn't a fixer-upper or a luxury statement; it's a ready-to-move-into family home that has kept pace with area appreciation.
This home would suit buyers looking for a turnkey property in a modern Winnipeg community who value space and newer builds. It’s ideal for a growing family that appreciates having a blank canvas in the basement to finish as their needs evolve. The strong rankings for living area suggest it offers more interior space than many comparable homes, which is a significant plus for those who prioritize roominess over a massive yard.
Frequently Asked Questions
1. How does the 2019 sale price compare to today’s value?
The home sold for $461,000 in December 2019. Its 2024 assessed value is $588,000, reflecting the market appreciation over five years. The assessed value ranks in the top 8% citywide, indicating its growth has outpaced most Winnipeg properties.
2. Is the basement usable in its current state?
The basement is noted as “not renovated,” meaning it is unfinished. It provides valuable storage and mechanical space and offers the potential for future development to add square footage and value.
3. How does this property rank within Bridgwater Trails?
It ranks very well for living area (top 18%) and year built (top 35%) in the neighbourhood. Its assessed value is in the top 33%. This indicates it is a competitively sized, modern home with a value that sits comfortably above the neighbourhood median.
4. What are the less obvious considerations?
While the home is newer, the 2019 build date means any original builder warranties may soon be expiring or have already lapsed, so a thorough inspection is wise. Additionally, its lot size, while good, ranks in the middle of the pack locally (top 51% in the neighbourhood), so outdoor space is adequate but not exceptional for the area.
5. What do the nearby comparable properties tell us?
The listed comparables, like 103 Valley Brook Road (2022 build, larger, higher assessment) and 375 Willow Creek Road (2018 build, smaller, higher assessment), show that 340 Cherrywood Road occupies a middle ground. It offers a balance of a very recent build date, significant living area, and a strong assessed value without being the absolute newest or largest option on the market.