Property Overview
This modern two-storey home at 408 Cherrywood Road in Winnipeg's Bridgwater Trails neighbourhood presents a compelling blend of new-build convenience and established community living. Built in 2022, it offers the significant advantage of a recently renovated basement, adding immediate liveable space without the need for future projects. With 2,261 sqft of living area on a 4,665 sqft lot and an attached garage, the home is designed for contemporary family life.
Its appeal lies in its balance of space, modernity, and location. The home ranks highly for its newness and above-average size within its immediate area, suggesting a well-proportioned property among peers. The renovated basement is a standout feature, offering flexibility from the start. It would suit buyers looking for a move-in ready, low-maintenance home in a sought-after newer community—perfect for young families, professionals, or those downsizing from an older property who still desire ample space. A thoughtful perspective is that this home offers a "second owner" benefit: the initial new-home kinks are likely resolved, yet the property is far from requiring major updates, positioning it in a sweet spot of the ownership cycle.
Key Questions & Answers
1. How does the assessed value compare to the last sale price?
The property was last sold in March 2022 for $70,500. Its current assessed value is $70,800, indicating stable market valuation in line with its initial purchase price.
2. What does the ranking data actually tell me about this property?
The percentile rankings show how this home compares to others on its street, in Bridgwater Trails, and across Winnipeg. For example, it ranks in the top 3% on its street for assessed value and the top 1% for year built, meaning it's one of the newest and most highly valued homes on Cherrywood Road. This suggests it's a leading property in its immediate micro-market.
3. Is the lot size typical for the area?
At 4,665 sqft, the lot is in the top third (top 32%) for size on its street. It is larger than many of its direct neighbours, which can provide more private outdoor space—a valuable asset in newer subdivisions.
4. What are comparable homes in the area like?
The listed comparable properties show that in Bridgwater Trails, similar assessed values correspond to homes with varying sizes and ages. This home offers a more recent build year than many comparables, which often trade more square footage for an older construction date.
5. What is the significance of the renovated basement?
In a home only four years old, a basement renovation completed so soon often indicates a purposeful upgrade to add bedrooms, a recreational space, or a legal suite. It’s a finished feature that typically adds value and utility beyond the original builder’s specifications.