Property Overview: 440 Cherrywood Road, Bridgwater Trails
Key Features & Ideal Buyer
This is a modern, two-storey home built in 2020, situated on a large lot in the sought-after Bridgwater Trails neighbourhood. Its primary appeal lies in a combination of generous space, contemporary build quality, and a strong position within its market. The home features over 2,700 sqft of living area, ranking it in the top 5% of the neighbourhood for size, and sits on a lot that is larger than 90% of others on its street. A renovated basement and attached garage add to its functional appeal.
The property’s standout characteristic is its consistent high ranking across key metrics. It is not only larger and newer than most comparable homes but also demonstrates robust value retention, with a sold price in 2022 that placed it in the top 1% in Winnipeg. This suggests a well-regarded property in a prime location within the community.
This home would best suit buyers looking for a move-in ready, modern property without the wait of new construction, but with many of the same benefits. It’s ideal for a growing family seeking ample indoor and outdoor space, or for a professional wanting a home with strong investment credentials, evidenced by its high percentile rankings for assessed and sold values. It offers the appeal of a newer home’s efficiency and design, coupled with the established maturity of a quick-growing neighbourhood.
Frequently Asked Questions
1. How does the 2022 sold price compare to today's likely value?
While the 2022 sale at $940k placed it in the 99th percentile city-wide, current value would be influenced by market conditions since that date. The consistently high assessed value suggests a strong foundation, but a current professional appraisal or comparative market analysis would be needed for an accurate figure.
2. What does "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finishes, permits, and the nature of the renovation—whether it’s a finished recreational space, additional bedrooms, or a secondary suite.
3. The home is newer, but what about the builder and construction quality?
The year built is known (2020), but the builder is not listed. This is a key question, as builder reputation can impact construction quality, warranty status, and resale appeal. Researching the builder or requesting documentation is advisable.
4. The lot is large, but what is the backyard like?
While the land area is quantified, the layout, orientation (sun exposure), fencing, and landscaping are not described. The lot's utility for privacy, gardening, or recreation would be important to assess in person.
5. Why are the sold prices from 2021 and 2022 so dramatically different?
The data shows a transfer at $76.4k in 2021 and a sale at $940k in 2022. The 2021 transaction likely represents a nominal transfer (such as between family members or for title purposes) and not an arm’s-length market sale. The 2022 figure is the relevant market-based sale price.