224 Cherrywood Road

Bridgwater Trails, Winnipeg

Property score

82.6

Excellent

Overall 82.6 · Compared with neighbourhood average

1,640 sqft (bottom 43%) · Built in 2019

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

11% smaller than neighborhood avg.

Taon ng Paggawa

Near average

0 yrs newer 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

82.6 is composed by the two sections below.

Property Score

82.6Excellent
Living Area1,640 sqft83Excellent
Taon ng Paggawa201997Excellent
Lupa4,575 sqft60Fair
Neighbourhood Sales Activity89Excellent

Community Score

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

Istatistika ng benta ng komunidad

Bridgwater Trails

How to read: Share of sales in each ~$50k price band for “bridgwater trails” (Detached na bahay (hindi 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.

Mga ranggo

Living Area

lampas sa average
1,640 sqft
0255075100
Same streetBottom 32%Same areaBottom 43%CitywideTop 23%
Same street · Cherrywood Road
#111 / 163
Bottom 32% · Avg 1,895 sqft
Same area · Bridgwater Trails
#734 / 1,282
Bottom 43% · Avg 1,849 sqft
Citywide · Winnipeg
#45,475 / 194,458
Top 23% · Avg 1,342 sqft

Assessed Value

lampas sa average
497k
0255075100
Same streetBottom 25%Same areaBottom 37%CitywideTop 20%
Same street · Cherrywood Road
#122 / 163
Bottom 25% · Avg 558.6k
Same area · Bridgwater Trails
#814 / 1,282
Bottom 37% · Avg 596.2k
Citywide · Winnipeg
#39,343 / 194,458
Top 20% · Avg 390.1k

Taon ng Paggawa

Elite
2019
0255075100
Same streetTop 33%Same areaTop 35%CitywideTop 4%

Lupa

karaniwan
4,575 sqft
0255075100
Same streetBottom 28%Same areaBottom 43%CitywideBottom 35%

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

Mga malapit na hinto, ruta at transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

224 Cherrywood Road — 3 amenities found within 500 m, across 1 categories, including 3 parks (nearest 367 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%

Kasaysayan ng Benta

Naibenta 2/2019CA$350k–400k
Presyo ng benta

Parehong kalye

Bottom 2%

Parehong lugar

Bottom 13%

Buong lungsod

Top 43%

Related homes

Mga tampok at karaniwang tanong: 224 Cherrywood Road, Winnipeg

Property Overview

This two-storey home in Bridgwater Trails offers a modern, low-maintenance lifestyle in a sought-after Winnipeg community. Built in 2019, its key appeal lies in being a relatively new build that combines contemporary living with an established neighbourhood feel. The home sits on a generous 4,575 sqft lot and features 1,640 sqft of living space, placing it comfortably above average for the city. A significant highlight is the renovated basement, which adds valuable finished space. While it does not have a garage or pool, its strong suit is its efficient, move-in-ready condition and the desirability of the Bridgwater area.

The property is well-suited for first-time buyers or young families looking for a modern home without the wait and uncertainties of new construction. It also appeals to downsizers seeking a single-family home with a manageable yard and newer systems, minimizing immediate repair concerns. A thoughtful perspective: its assessed value ranks higher than its sale price history suggests, which may indicate solid underlying value relative to the immediate area. The lot size is notably larger than many in the street, offering better outdoor potential than some neighbouring properties.

Frequently Asked Questions

1. What are the main advantages of a 2019 build?
You benefit from modern building codes, energy efficiency, and contemporary layouts, while avoiding the potential settling issues and landscape development phase of a brand-new home. Major components like the roof, HVAC, and appliances are likely still under or just beyond their original warranties.

2. How does the lack of a garage impact daily life and value?
This is a key consideration for vehicle protection and storage. Buyers should plan for driveway parking and potentially investing in a shed or creative storage solutions. The trade-off is often a lower purchase price compared to similar homes with garages in the area.

3. The assessed value is significantly higher than the last sale price. What does this mean?
The assessed value is used for municipal tax purposes and reflects the city’s valuation. The gap between it and the last sale price (from 2019) primarily shows market appreciation over time. It should not be interpreted as the current market price, but it does suggest the property has gained substantial value since its original purchase.

4. Is the renovated basement included in the living area square footage?
Typically, no. The listed living area (1,640 sqft) almost certainly refers to the above-grade space. The renovated basement adds additional, valuable finished square footage that is not reflected in that main figure.

5. The lot is larger than many on the street. What are the benefits?
A larger lot (4,575 sqft) provides more private outdoor space, greater distance from neighbours, and increased flexibility for gardening, play areas, or future additions like a deck or shed. It’s a less obvious advantage that contributes to the property’s long-term appeal.

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