171 Cherrywood Road

Bridgwater Trails, Winnipeg

Property score

87.9

Excellent

Overall 87.9 · Larger than most nearby homes

2,418 sqft (top 11%) · Built in 2018 (1 yr older than avg)

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

Transit 76.0 · 8-min walk to transit with 4 nearby routes · Within 500m: 3 parks nearby

Living Area

Above average

31% larger 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)

Sold Count

1,068

Median price

563.8k

$/sqft

$347/sqft

Avg build year

2019

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Property score

87.9 is composed by the two sections below.

Property Score

91.5Excellent
Living Area2,418 sqft96Excellent
Year Built201897Excellent
Lot Size5,095 sqft67Good
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

Elite
2,418 sqft
0255075100
Same streetTop 6%Same areaTop 11%CitywideTop 4%
Same street · Cherrywood Road
#9 / 163
Top 6% · Avg 1,895 sqft
Same area · Bridgwater Trails
#137 / 1,282
Top 11% · Avg 1,849 sqft
Citywide · Winnipeg
#6,967 / 194,458
Top 4% · Avg 1,342 sqft

Tax-Assessed Value

above average
621k
0255075100
Same streetTop 23%Same areaTop 26%CitywideTop 7%
Same street · Cherrywood Road
#37 / 163
Top 23% · Avg 558.6k
Same area · Bridgwater Trails
#330 / 1,282
Top 26% · Avg 596.2k
Citywide · Winnipeg
#12,863 / 194,458
Top 7% · Avg 390.1k

Year Built

Elite
2018
0255075100
Same streetTop 45%Same areaBottom 47%CitywideTop 4%

Lot Size

above average
5,095 sqft
0255075100
Same streetTop 21%Same areaTop 41%CitywideBottom 48%

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

171 Cherrywood Road — 3 amenities found within 500 m, across 1 categories, including 3 parks (nearest 289 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 6/2022CA$800k–850k
Sold price

Same street

Top 2%

Same area

Top 7%

City-wide

Top 2%

Related homes

Highlights & common questions: 171 Cherrywood Road, Winnipeg

Property Overview & Appeal

This 2018 two-storey home in Bridgwater Trails offers modern living with strong statistical appeal. Its key characteristic is a generous 2,418 sqft of living space, placing it in the top 10% of homes on its street and top 11% in the neighbourhood. The property sits on a large 5,095 sqft lot and features an attached garage and an unfinished basement, providing a blank canvas for future expansion.

The appeal lies in its balance of space, newer construction, and established value. It ranks in the top 5% of Winnipeg for the newness of its build and in the top 6% for its assessed value. A notable point is its 2022 sale price, which was significantly higher than its current assessment, suggesting a purchase could offer value relative to recent market peaks. This home would suit buyers looking for a move-in ready, spacious family home in a modern suburb, particularly those who appreciate having a large, unrenovated basement to customize to their own needs over time.

Frequently Asked Questions

Q: How does the unfinished basement impact the home's value and utility?
A: It presents both a cost-saving opportunity at purchase and future potential. Buyers aren't paying a premium for finished square footage they may want to change, but they should budget for insulation, drywall, and flooring to make it a comfortable living space.

Q: The 2022 sale price is much higher than the current assessed value. What does this indicate?
A: This primarily reflects broader market adjustments since 2022. The assessment provides a current baseline for municipal taxes, while the 2022 price is a historical data point showing the property's peak market value. It can indicate a potential value opportunity compared to that peak.

Q: The lot is large for the area. What are the advantages?
A: A 5,095 sqft lot offers more private outdoor space, better potential for landscaping or gardening, and greater distance from neighbouring homes compared to many newer subdivisions, which often have narrower lots.

Q: The home ranks very high for living area but lower for year-built on its street. Why?
A: This suggests Cherrywood Road is a uniformly modern street, with most homes built around the same time (2018±). Even ranking in the middle of the pack for "newness" here still means a contemporary home, and its high square footage ranking makes it one of the largest models on the block.

Q: Who is the typical buyer in Bridgwater Trails?
A: The neighbourhood attracts a mix of young families, professionals, and empty-nesters drawn to modern homes, planned community amenities, and newer infrastructure. This particular home, with its above-average size, is likely best suited for growing or established families.

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