156 Cherrywood Road

Bridgwater Trails, Winnipeg

Property score

80.9

Excellent

Overall 80.9 · Older than most nearby homes

1,628 sqft (bottom 40%) · Built in 2015 (4 yrs older than avg)

Located in a high-income area with median household income of ~103k

Transit 76.0 · 7-min walk to transit with 4 nearby routes · Within 500m: 3 parks nearby

Living Area

Near average

12% smaller than neighborhood avg.

Year Built

Below average

4 yrs older than neighborhood avg.

Mother tongue

English · 40%Chinese · 21%

Past 10 years Bridgwater Trails sales snapshot (~80% of all data)

Sold Count

1,068

Median price

563.8k

$/sqft

$347/sqft

Avg build year

2019

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Property score

80.9 is composed by the two sections below.

Property Score

79.9Good
Living Area1,628 sqft83Excellent
Year Built201594Excellent
Lot Size3,777 sqft46Low
Neighbourhood Sales Activity89Excellent

Community Score

82.5Excellent
Household Income86Excellent
Education Level91Excellent
Housing Stress42Low
Core Housing Need88Excellent
Employment Health83Excellent

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111257

Community deep dive

$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

Population, labour & age

Population (2021)11,365
Labour force participation rate77%
Median age30.4
Avg household size3.1
Unemployment rate8%
Population density1696 / km²

Households & income

Low income (LIM-AT, % pop.)14%
Single-person households13%
Couple families with children44%
Median household income (2020)$103K

Housing

Renter households21%
Condominium dwellings14%
Median dwelling value (owners)$500K

Diversity, education & language

Immigrants (share of pop.)47%
Visible minority69%
Bachelor's or higher (25–64)58%
Mother tongue (1st)English · 39%
Mother tongue (2nd)Chinese · 20%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
1,628 sqft
0255075100
Same streetBottom 28%Same areaBottom 40%CitywideTop 24%
Same street · Cherrywood Road
#118 / 163
Bottom 28% · Avg 1,895 sqft
Same area · Bridgwater Trails
#763 / 1,282
Bottom 40% · Avg 1,849 sqft
Citywide · Winnipeg
#46,504 / 194,458
Top 24% · Avg 1,342 sqft

Tax-Assessed Value

above average
467k
0255075100
Same streetBottom 9%Same areaBottom 18%CitywideTop 25%
Same street · Cherrywood Road
#148 / 163
Bottom 9% · Avg 558.6k
Same area · Bridgwater Trails
#1,047 / 1,282
Bottom 18% · Avg 596.2k
Citywide · Winnipeg
#49,403 / 194,458
Top 25% · Avg 390.1k

Year Built

above average
2015
0255075100
Same streetBottom 10%Same areaBottom 7%CitywideTop 7%

Lot Size

below average
3,777 sqft
0255075100
Same streetBottom 8%Same areaBottom 20%CitywideBottom 23%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

156 Cherrywood Road — 3 amenities found within 500 m, across 1 categories, including 3 parks (nearest 293 m).

Search radius
🌳Parks3

Crime & Safety

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%

Sales History

Sold 7/2016CA$350k–400k
Sold price

Same street

Bottom 6%

Same area

Bottom 20%

City-wide

Top 37%

Related homes

Highlights & common questions: 156 Cherrywood Road, Winnipeg

Property Overview & Key Characteristics

This two-storey home in Bridgwater Trails offers a practical, low-maintenance foundation in a modern Winnipeg neighbourhood. Built in 2015, its key appeal lies in being a relatively newer construction, which typically means fewer immediate major repairs. The home sits on a good-sized lot (over 3,700 sq ft) and features a detached garage and an unfinished basement, presenting a straightforward canvas for future customization.

Its primary suit is for the pragmatic buyer: perhaps a first-time homeowner looking for a solid starter property without the worries of an older home, or an investor seeking a modern rental in a popular suburban area. The data suggests that while the home’s size is comfortably average for the area, its assessed value is notably modest compared to some direct neighbourhood references. This creates an interesting position—it’s a newer home that may offer relative value within its own community, appealing to those who prioritize the neighbourhood and the building’s age over sheer square footage. A thoughtful perspective is that the unfinished basement, while not a feature, is actually a key opportunity; it allows the next owner to add value and tailor the space to their exact needs without first undoing someone else’s renovations.


Frequently Asked Questions

Q: How does this home compare to others in Bridgwater Trails?
A: It’s a newer build (2015) on a larger-than-average lot for the street. While the living space is fairly typical for the area, its current assessed value appears lower than several comparable properties listed nearby, which may indicate a value opportunity.

Q: What does the "unfinished basement" mean for me?
A: The basement is complete but not renovated. It has essential structural and safety elements (like foundation, electrical, and likely plumbing rough-ins) but is waiting for drywall, flooring, and layout. This is a chance to add significant value and customize the space without the cost or hassle of removing old finishes.

Q: The home was last sold in 2016. Is that a concern?
A: Not inherently. A single owner for the past 8 years can suggest stability and consistent maintenance. It’s always wise to ask why the current owner is selling to get the full story.

Q: How is the property’s value trending?
A: Based on the provided data, the assessed value has increased from its 2016 sale price. However, comparing it to the assessed values of similar nearby homes (some in the $490k-$61k range) suggests it sits at the more accessible end of the market in this specific neighbourhood.

Q: What are the immediate next steps if I'm interested?
A: A viewing is essential to assess the home’s condition and layout firsthand. Following that, consulting with a real estate agent to understand current market dynamics in Bridgwater Trails and to obtain a professional valuation would be a logical next step.

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