Property score
81.1
Excellent
Overall 81.1 · Smaller than most nearby homes
1,310 sqft (bottom 6%) · Built in 2018 (1 yr older than avg)
Located in a high-income area with median household income of ~103k
Transit 76.0 · 6-min walk to transit with 4 nearby routes · Within 500m: 3 parks nearby
Living Area
Below average
29% smaller than neighborhood avg.
Year Built
Near average
1 yrs older than neighborhood avg.
Mother tongue
English · 40%Chinese · 21%
Past 10 years Bridgwater Trails sales snapshot (~80% of all data)
1,068
563.8k
$347/sqft
2019
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81.1 is composed by the two sections below.
Property Score
Community Score
Bridgwater Trails
How to read: Share of sales in each ~$50k price band for “bridgwater trails” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111257
$103K
Median household income
$120K
Average household income
14%
Low income (LIM-AT)
0.3
Income inequality (Gini)
4.4
P90 / P10 ratio
13%
Single-person households
44%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
124 Cherrywood Road — 3 amenities found within 500 m, across 1 categories, including 3 parks (nearest 213 m).
Bridgwater Trails · WPS public data · 2026
Annual incidents
2
2026
vs. city avg
-93%
relative to avg
Year-over-year
▼ -97%
vs. prior year
Primary type
Property
50%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 35% | Top 27% | Top 10% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 36% | Top 47% | Top 16% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
124 Cherrywood Road is a modern, single-storey home in the popular Bridgwater Trails neighbourhood. Built in 2018, its key appeal lies in a combination of a large, premium lot and a recently renovated basement, offering a blend of newer construction and updated living space. The property sits on a 7,601 sqft lot, which is notably larger than almost all others on its street (top 1%), providing exceptional outdoor space for a home of this vintage. While the living area (1,310 sqft) is more compact compared to many neighbours, this is balanced by the finished basement and the generous yard. Its recent sale history shows steady value appreciation, with a sale in late 2024 significantly above both its assessed value and a prior 2022 sale price, indicating strong market confidence.
This home is well-suited for first-time buyers or downsizers seeking a low-maintenance, single-level layout in a family-oriented community, without sacrificing outdoor privacy. It also appeals to value-conscious buyers who prioritize land size and the potential of a renovated basement over a larger main-floor footprint. A thoughtful perspective is that this property represents an efficient use of space; the investment has gone into the land and modernizing the full property (basement), rather than into excessive square footage, which can mean lower utility costs and less upkeep.
Frequently Asked Questions
Q: How does the lot size compare to typical properties in Winnipeg?
A: The lot is exceptionally large, ranking in the top 13% across all of Winnipeg. This is a standout feature for a newer home, as lot sizes in recent developments are often smaller.
Q: The living area seems smaller than some comps. Is the space functional?
A: While the main floor is modest, the inclusion of a renovated basement effectively doubles the usable living space. This creates a clear separation for activities, such as a main-floor living area and a basement rec room or guest space.
Q: What does the sale history tell us about the property's value?
A: The home sold for $56.80k in late 2024, which was well above its assessed value and its previous 2022 sale price of $49.80k. This trajectory suggests the renovations and desirable lot are reflected in its market price.
Q: Is the lack of a garage a significant drawback?
A: It depends on the buyer's needs. Many newer neighbourhoods have homes without garages, relying on street parking. The trade-off here is that the land area wasn't used for a garage structure, preserving more yard space.
Q: The home is newer, but how does it rank for age on its street?
A: Built in 2018, it's newer than about 55% of homes on Cherrywood Road. This means it's among the newer half on the street, but not the absolute newest, offering a balance of modern builds while being established in a maturing area.
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