Property Overview: 420 Cherrywood Road, Bridgwater Trails
Key Characteristics, Appeal & Ideal Buyer
This two-storey home, built in 2020, presents a modern, low-maintenance living opportunity in the popular Bridgwater Trails neighbourhood. Its primary appeal lies in its combination of newer construction and above-average space. With a living area of 2,532 sqft, it is notably larger than most comparable homes on its street and in the wider area, ranking in the top 3-8% for size. The property sits on a standard 4,666 sqft lot and features an attached garage and an unfinished basement, offering a blank canvas for future expansion.
The home’s value proposition is underscored by its assessed value growth, having increased significantly from its 2020 sale price. While the lot size is typical for the street, the house itself is a standout in terms of square footage for a newer build. This property would best suit a growing family or professional couple seeking a modern, spacious home without the immediate need for major renovations. It’s ideal for buyers who prioritize move-in readiness and the efficiency of a newer build, but who also value the potential to customize the unfinished basement down the line. A thoughtful perspective is that this home offers the rarity of newer systems and warranties while providing more interior space than many of its contemporary neighbours, making it a efficient long-term hold in a sought-after community.
Frequently Asked Questions
1. What is the neighbourhood like?
Bridgwater Trails is a modern, master-planned community in Winnipeg known for its parks, pathways, and family-friendly amenities. This home is centrally located within it, close to schools, shopping, and green spaces.
2. Is the basement developed?
No, the basement is unfinished. This presents both a cost-saving advantage on the purchase price and the future opportunity to customize the space to suit your needs, whether for recreation, storage, or additional bedrooms.
3. How does this home compare to others on the street?
The data indicates this home is newer than approximately 83% of houses on Cherrywood Road and has a significantly larger living area than about 97% of them. This suggests you are getting a more contemporary and spacious home relative to its immediate neighbours.
4. What does the assessed value history indicate?
The assessed value has risen from its 2020 sale price, reflecting market appreciation and the desirability of newer homes in the area. It's always recommended to have a current market evaluation performed to understand its present-day value.
5. What are the utility costs like for a home of this age and size?
As a home built in 2020, it likely incorporates modern building codes and energy-efficient standards for windows, insulation, and appliances. This typically translates to relatively predictable and efficient utility costs compared to older homes, though actual costs will depend on personal usage.