Property Overview
43 Cherryhill Road is a spacious 3-level split home in Winnipeg's Garden City neighbourhood. Built in 1957, it features 1,713 sqft of living space and sits on a large 7,913 sqft lot. The home has a renovated basement and does not include a garage or pool.
Key Characteristics & Appeal
This home’s primary appeal lies in its above-average space, both indoors and out, within its local context. The living area is notably larger than most homes on Cherryhill Road and in the wider Garden City area, offering room for a growing family or those who value ample personal space. The lot size is a significant asset, ranking in the top 6% for the neighbourhood, which provides generous outdoor potential for gardening, recreation, or future expansion.
Its assessed value is strong for the immediate area, suggesting a well-maintained or updated property relative to its peers. The renovated basement adds functional living space. The home suits buyers looking for a established character home with room to breathe, who prioritize interior square footage and yard size over newer construction. It’s a practical choice for those seeking value in a mature neighbourhood where the house itself offers more space than is typical.
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
It last sold between $305,000 and $335,000 in late 2019. Its current assessed value of $393,000 is above average for its street and neighbourhood, indicating perceived value growth or improvements since that last sale.
2. What does the "top percentile" ranking mean for the lot size?
The lot is in the top 6% in Garden City by size. This means it's significantly larger than most properties in the area, which is a rare find in mature neighbourhoods and a key feature for privacy and outdoor use.
3. The home was built in 1957. What should I consider?
While the basement has been renovated, a home of this age will likely have original major systems (like plumbing, electrical, or windows). A thorough inspection is essential to understand the condition and any upcoming maintenance typical for a home nearing 70 years old.
4. There’s no garage. Is that common here?
The listing notes no garage, which is not uncommon for homes of this era. The large lot, however, may offer the potential to add a garage or dedicated parking structure, subject to local zoning and bylaws.
5. The assessed value is strong locally but average city-wide. Why?
This highlights a key buying perspective: you are acquiring a property that stands out in its immediate community (Garden City) for its size and value, but its price point is aligned with the broader Winnipeg market. This can suggest stability and less risk of being over-valued compared to the entire city.