Property Overview: 84 Cherrywood Road, Bridgwater Trails
Key Characteristics & Appeal
This 2017-built, two-storey home in the Bridgwater Trails neighbourhood offers modern living in a well-established community. With 1,622 sqft of living space on a 4,460 sqft lot, it balances comfortable interior size with a manageable yard. Key features include a detached garage and an unfinished basement, presenting a blank canvas for future expansion or customization.
The primary appeal lies in its relative newness and location within a popular, master-planned area known for its pathways and amenities. The home’s assessed value ranks higher than most properties across Winnipeg, suggesting a solid foundation of value for its age. However, the rankings within its immediate street and neighbourhood are more modest, indicating it’s a typical, well-priced home in its area rather than a standout. This creates an opportunity for buyers seeking a modern, low-maintenance property without a premium price tag for top-tier finishes or size.
It would suit first-time buyers or young families looking for a move-in-ready home in a community-focused area, as well as value-oriented buyers who appreciate the potential to add value through a basement development down the line. The data suggests a buyer who prioritizes a newer build and community amenities over having the largest or most elite property on the block.
Frequently Asked Questions
1. How does this property really compare to others nearby?
While its assessed value is strong city-wide, it ranks in the middle of the pack within Bridgwater Trails. This means you’re getting a solid, modern home that is competitively positioned without paying for the neighbourhood’s highest-tier properties.
2. What does the sale history indicate?
The home sold for $42.5k in 2020 and $37.3k in 2017. It’s crucial to clarify these figures with a real estate professional, as they likely represent partial data or non-arms-length transactions and do not reflect the full market price. The current assessed value of $47.50k is a more relevant public benchmark for municipal taxation.
3. Is the unfinished basement a drawback or an opportunity?
This is a key consideration. It keeps the initial price point accessible but requires additional investment to finish. For buyers with specific vision or who want to customize the space themselves, it’s a significant opportunity.
4. How does the lot size and ranking affect daily living?
The lot is a standard size for the area. The “better than 26%” ranking on the street suggests lots on the street vary, and this one is on the smaller side. This translates to less yard maintenance but also less private outdoor space.
5. What is the significance of the “For Reference” comparable properties listed?
These listings show similar homes in Bridgwater Trails with close assessed values and living areas. They confirm this property is priced consistently within its peer group, which includes homes on different streets and with slightly different specs, helping to validate its market position.