Property Overview: 95 Cherrywood Road
Key Features & Ideal Buyer
This modern two-storey home in Bridgwater Trails offers a compelling blend of recent construction, smart updates, and strong community standing. Built in 2019, it benefits from contemporary building standards while being past the initial settling phase. Its key characteristics include a renovated basement, an attached garage, and a generous 4,888 sqft lot. The home’s 1,830 sqft living area is competitively sized, ranking in the top half of the neighbourhood.
The appeal lies in its balanced performance across key metrics. It’s not just a new house, but one that has demonstrated solid value growth, with its last sale price in 2023 ranking in the top 20% of its street. The renovated basement adds immediate functional space without the need for a project. Its lot size is a particular standout, offering more outdoor space than over 70% of homes on the same street—a valuable asset in a newer community.
This property would suit a young family or professional couple looking for a move-in ready home in a sought-after, modern neighbourhood. It’s ideal for buyers who appreciate data-driven value: the numbers show a home that consistently performs above average in its immediate area for lot size, newness, and assessed value, suggesting a well-placed investment within the community.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value sits in the top 40% of Bridgwater Trails and the top 10% city-wide, indicating it is valued higher than many comparable properties. Its last sold price (2023) ranked even better, in the top 25% of the neighbourhood.
2. What does the “renovated basement” entail?
The listing confirms the basement is renovated, meaning it is finished as livable space. Buyers should inquire about the scope, permits, and the nature of the renovations (e.g., recreation room, bedroom, bathroom) during a viewing or through their agent.
3. Is this a good investment based on its history?
The price history shows a significant increase from its 2019 sale to its 2023 sale, well outpacing average appreciation for the street and neighbourhood at those times. This suggests strong past value retention.
4. How does the lot size impact the property?
At nearly 4,900 sqft, the lot is larger than 73% of those on Cherrywood Road. This typically allows for more private outdoor space, larger landscaping potential, and greater distance from neighbouring homes than is common in this community.
5. What are the implications of it being built in 2019?
A 2019 build means major components like the roof, HVAC, and appliances are likely still within or just beyond their original warranty periods, offering some peace of mind. It also means the home’ design and amenities are modern, but any early construction issues have likely already surfaced and could be documented.