Property Overview & Key Characteristics
This two-storey home at 396 Cherrywood Road in Bridgwater Trails is a modern, low-maintenance property built in 2021. Its primary appeal lies in its balance of being a relatively new build in a desirable suburban neighbourhood, offering move-in readiness without the concerns of an older home. The property sits on a generous 5,805 sqft lot, which is larger than most on its street, and features an attached garage and an unfinished basement, providing a blank canvas for future expansion.
The home is particularly well-suited for first-time buyers or young families seeking a modern, turn-key property in a community with newer amenities. Its strong rankings—especially being newer than 98% of homes in Winnipeg—indicate a property with less immediate worry about major repairs. The significant appreciation from its 2021 purchase price to its 2024 sale price also suggests it has been a solid investment in a stable, growing area. A thoughtful perspective for buyers is the value of the unfinished basement; while it requires an investment to renovate, it allows for customization to suit specific needs without paying a premium for someone else’s finished layout.
Frequently Asked Questions
1. What is the neighbourhood like?
Bridgwater Trails is a modern, master-planned community in Winnipeg. It typically features newer homes, parks, and walking paths, appealing to those seeking a contemporary suburban lifestyle.
2. Is the basement included in the living area square footage?
No. The listed living area is 1,815 sqft for the above-ground floors. The basement is a separate, unfinished space that offers potential for future expansion.
3. How does the property’s value compare to the area?
The home’s last sold price in early 2024 was higher than over 82% of sales on its street and 94% in Winnipeg, indicating it commands a strong market position relative to the broader city.
4. What does "rank by area" or "better than X%" mean?
These metrics compare this specific property against all others on its street, in the neighbourhood, and across Winnipeg. For example, its lot size is larger than 88% of lots on Cherrywood Road, offering more outdoor space than most direct neighbours.
5. What are the typical property taxes?
While not listed here, property taxes can be estimated using the Assessed Value of $56,500k and the City of Winnipeg's current mill rate. It's advisable to confirm the exact annual tax amount with municipal authorities or the listing agent.