196 Cherrywood Road

Bridgwater Trails, Winnipeg

Property score

84.5

Excellent

Overall 84.5 · Compared with neighbourhood average

1,917 sqft (top 37%) · Built in 2018 (1 yr older than avg)

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

Transit 66.0 · 8-min walk to transit with 4 nearby routes · Within 500m: 3 parks nearby

Living Area

Near average

4% 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

84.5 is composed by the two sections below.

Property Score

85.9Excellent
Living Area1,917 sqft92Excellent
Year Built201897Excellent
Lot Size3,999 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
1,917 sqft
0255075100
Same streetTop 44%Same areaTop 37%CitywideTop 13%
Same street · Cherrywood Road
#72 / 163
Top 44% · Avg 1,895 sqft
Same area · Bridgwater Trails
#479 / 1,282
Top 37% · Avg 1,849 sqft
Citywide · Winnipeg
#25,228 / 194,458
Top 13% · Avg 1,342 sqft

Tax-Assessed Value

above average
560k
0255075100
Same streetTop 47%Same areaTop 41%CitywideTop 12%
Same street · Cherrywood Road
#76 / 163
Top 47% · Avg 558.6k
Same area · Bridgwater Trails
#531 / 1,282
Top 41% · Avg 596.2k
Citywide · Winnipeg
#22,386 / 194,458
Top 12% · Avg 390.1k

Year Built

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

Lot Size

below average
3,999 sqft
0255075100
Same streetBottom 12%Same areaBottom 29%CitywideBottom 26%

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

196 Cherrywood Road — 3 amenities found within 500 m, across 1 categories, including 3 parks (nearest 346 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 8/2022CA$550k–600k
Sold price

Same street

Top 34%

Same area

Top 26%

City-wide

Top 9%

Related homes

Highlights & common questions: 196 Cherrywood Road, Winnipeg

Property Overview: 196 Cherrywood Road, Bridgwater Trails

Key Characteristics & Appeal

This two-storey home, built in 2018, presents a modern and low-maintenance living opportunity in the popular Bridgwater Trails neighbourhood. Its key appeal lies in a combination of contemporary build quality, a fully renovated basement, and a detached garage on a standard-sized lot. The home’s living space of over 1,900 sq ft is notably above average for Winnipeg, offering ample room for a growing household or those who value spaciousness.

The data suggests a property that balances well within its immediate area while standing out in the broader city context. It ranks higher for its newer build year and larger living area compared to most of Winnipeg, indicating a relatively modern home with good interior space. Its assessed value sits comfortably above the citywide median. This profile suits buyers looking for a move-in-ready, modern home in a planned community, who may prioritize a renovated basement for extra living or recreational space over features like a pool. It’s a practical choice for professionals, young families, or downsizers seeking a newer build without the premium of a brand-new construction.


Frequently Asked Questions

1. How does this home compare to others on the street?
The home’s living area and assessed value are slightly above the median for Cherrywood Road, while its lot size is more typical. It offers a bit more interior space than many direct neighbours.

2. What is the significance of the “renovated basement”?
While specific finishes aren’t detailed, a renovated basement adds immediate functional living space and can indicate updated mechanicals or insulation. It’s a key value-add, removing a common renovation project for a new owner.

3. The home sold in 2022. What does that recent sale history indicate?
The 2022 sale provides a clear, recent market price benchmark. It allows buyers to understand the property’s price trajectory and can be a useful point of comparison in current negotiations.

4. How does Bridgwater Trails as a neighbourhood factor in?
Bridgwater Trails is a master-planned, newer community known for its pathways, parks, and modern amenities. This home, built in 2018, is part of that contemporary fabric, appealing to those seeking a cohesive community feel with newer infrastructure.

5. The detached garage is noted. Is that typical here?
In newer neighbourhoods like Bridgwater Trails, both attached and detached garages are common. A detached garage can offer flexibility for a workshop or storage, and may provide a different streetscape aesthetic compared to attached models.

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