Property score
79.7
Good
Overall 79.7 · Smaller than most nearby homes
1,492 sqft (bottom 17%) · 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
Below average
19% smaller 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)
1,068
563.8k
$347/sqft
2019
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79.7 is composed by the two sections below.
Property Score
Community Score
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.
Sales-to-New-Listings
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
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.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111257
$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
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
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.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
228 Cherrywood Road — 3 amenities found within 500 m, across 1 categories, including 3 parks (nearest 367 m).
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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 43% | Top 34% | Top 12% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
228 Cherrywood Road is a modern two-storey home in the Bridgwater Trails neighbourhood, built in 2018. Its primary appeal lies in being a relatively new build in a popular suburban community, offering a move-in-ready canvas without the concerns of an aging structure. The home sits on a generous 4,821 sqft lot, providing ample outdoor space—a notable feature in newer subdivisions. However, the living area (1,492 sqft) is on the more compact side for a two-storey, ranking in the lower third for its immediate street and neighbourhood. It has an unfinished basement, offering potential for future customization, but lacks a garage.
This property would suit first-time buyers or young families seeking a modern home in a well-regarded area without a premium price tag. It’s ideal for buyers who prioritize a newer build and a large yard over immediate square footage or finished amenities like a garage or basement. The unfinished basement is a key project for a buyer looking to add value and tailor the space to their needs over time.
Key Considerations & FAQs
1. What are the main trade-offs with this property?
You are getting a modern, low-maintenance home built in 2018 on a large lot, but the interior living space is compact and it lacks a garage. The value proposition is in the land, the newness of the build, and the potential of the unfinished basement, rather than in current finished square footage or premium features.
2. How does the assessed value compare to its last sale price?
The home was last sold in July 2022 for $53.50k. Its current assessed value is $45.10k. It’s important to discuss this with your real estate agent to understand current market dynamics and how assessment values relate to listing and sale prices in the area.
3. Is the lack of a garage a significant issue?
This depends on lifestyle and future plans. For some, it’s a major drawback for vehicle protection and storage. For others, the large lot presents an opportunity to add a detached garage or shed later, subject to local bylaws and budgets.
4. The rankings show it’s “better than” 95% of Winnipeg for year built, but lower for size and value on its street. What does this mean?
This highlights the character of Bridgwater Trails: a modern neighbourhood (explaining the high city-wide rank for newness) with relatively high standards for home size and value. This home is newer than most in Winnipeg, but is among the more modest properties on its own street.
5. What is the potential here for future resale?
The upside lies in the unfinished basement and the large lot. A buyer who finishes the basement adds significant liveable space, which would likely improve its standing in neighbourhood comparisons. The lot size is a permanent asset that remains attractive.
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