Property Overview: 7 Cherrywood Road, Bridgwater Trails
Key Characteristics & Appeal
This two-storey home in Bridgwater Trails is a modern property, built in 2017, offering a balanced blend of space and location. With just over 2,000 square feet of living area and a nearly 5,000 sqft lot, it sits comfortably above average for its immediate street and neighbourhood in terms of size. Its appeal lies in its contemporary construction, which is newer than approximately 94% of homes in Winnipeg, meaning major components like roofing, windows, and HVAC are relatively young and under warranty. The attached garage and full (though unrenovated) basement provide practical space for storage and future potential.
The home’s value proposition is underscored by consistent, above-average growth in assessed and sold prices relative to the broader city since its first sale in 2016. It suits buyers looking for a move-in ready, low-maintenance home in a planned community who also value the option to personalize the basement down the line. It’s particularly well-suited for young families or professionals who prioritize modern amenities and a community-focused neighbourhood like Bridgwater Trails, but who may not want the immediate project of a full renovation.
A less obvious perspective is its positioning within its own street. While its living space ranks well, the lot’s build year is newer than only about a third of the homes on Cherrywood Road. This suggests the immediate area may have been developed in phases, with this home being part of a later phase, offering a slightly newer build than many of its direct neighbours.
Frequently Asked Questions
1. How does the property’s value growth compare to the area?
The sold price history shows steady appreciation, consistently performing in the top third for the neighbourhood and top 10% city-wide in its later sales, indicating stronger-than-average value retention for Winnipeg.
2. What does the “unrenovated basement” imply?
It means the basement is finished as per the original 2017 build standard. It’s liveable space but presents a blank canvas for future updates, allowing a new owner to customize it to their taste without needing to undertake initial rough-in work.
3. Is the lot size typical for Bridgwater Trails?
At 4,890 sqft, the land area is larger than 77% of lots on its street, making it a notably spacious plot for this specific part of the community, which often features narrower lots in newer subdivisions.
4. What might the ranking data for its “year built” on the street indicate?
The data shows the home is newer than only 34% of homes on its street. This isn’t uncommon in master-planned communities built in stages, suggesting the street has a mix of earlier and later construction phases, with this home being from a later phase.
5. How energy-efficient or modern can I expect the systems to be?
As a 2017 build, the home was constructed under recent building codes. Buyers can expect contemporary standards for insulation, windows, and mechanical systems, which should offer good energy efficiency compared to much of Winnipeg’s older housing stock.