Property Overview: 215 Cherrywood Road, Bridgwater Trails

Key Characteristics & Appeal

This two-storey home, built in 2021, is a modern property in the popular Bridgwater Trails neighbourhood. Its primary appeal lies in its balance of new construction benefits and established community living. The home sits on a generous 5,280 sqft lot and offers 2,192 sqft of living space, ranking above average in size for its immediate street and area.

The data suggests a property that is both contemporary and well-positioned within the market. It ranks in the top 10% of its neighbourhood for being newer and in the top 25% for living area, meaning you get a relatively recent build with more space than many nearby homes. The attached garage and full (though unrenovated) basement add practical utility. Its strong rankings in assessed value and past sale price indicate it has been perceived as a solid investment compared to peers.

This home would suit buyers looking for a move-in ready, low-maintenance property from the last few years, without being in the very first phase of a development. It’s ideal for growing families or professionals who want modern amenities and space in a sought-after, master-planned community. The strong performance metrics relative to the area also make it a sensible consideration for value-conscious buyers who view their home as a long-term asset.

Frequently Asked Questions

1. What does the "rank" data actually mean?
The percentile rankings show how this property compares to others in the same category. For example, "Better than 94% in same street" for year built means this home is newer than 94% of houses on Cherrywood Road, highlighting its modern advantage on that specific street.

2. The basement is listed as "not renovated." What should I expect?
This typically means the basement is unfinished. It has been built and is structurally complete, with proper ceilings, walls, and flooring likely still needed. This presents a blank canvas for future expansion but requires an additional investment to become livable space.

3. The home sold in late 2021. Why is that relevant now?
The sale price of $750,000 from December 2021 provides a key benchmark for the property's value in a recent market. Comparing the current asking price to this last sale, alongside the assessed value, can help gauge market trends and the seller's pricing strategy.

4. How does the lot size impact living here?
At 5,280 sqft, the lot is larger than 84% of those on its street. This means more private outdoor space for gardening, play, or entertaining compared to many neighbouring properties, which is a notable advantage in newer communities where lots can be smaller.

5. The assessed value is significantly lower than the last sale price. Is this a concern?
Not necessarily. Municipal assessed values for tax purposes often lag behind market sale prices, especially in active markets. The more telling figure is that this assessment ranks in the top 5% in Winnipeg, indicating the city views it as a high-value property relative to the broader market.