Property score
81.3
Excellent
Overall 81.3 · Compared with neighbourhood average
1,602 sqft (bottom 32%) · Built in 2017 (2 yrs 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: 2 parks nearby
Living Area
Below average
13% smaller than neighborhood avg.
Year Built
Below average
2 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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81.3 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
240 Cherrywood Road — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 357 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 | Bottom 36% | Top 47% | Top 16% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 240 Cherrywood Road, Bridgwater Trails
Key Characteristics & Appeal
This two-storey home, built in 2017, presents a practical opportunity in Winnipeg’s Bridgwater Trails community. Its key appeal lies in being a relatively modern, low-maintenance property with room to grow. The home sits on a generous 3,777 sqft lot and features 1,602 sqft of living space with a full, unfinished basement—a significant blank canvas for future customization. A detached garage adds flexibility.
The data suggests a nuanced position: while the home’s assessed value ranks solidly above average for Winnipeg overall, it sits in a newer area where many nearby properties are larger or more recently built. This creates an interesting dynamic for buyers who value a modern build year (newer than 94% of Winnipeg) but are comfortable with a home that may benefit from personal updates. It perfectly suits first-time buyers or young families looking for a foothold in a newer suburb without the premium of a brand-new build, and for whom a basement project is an appealing prospect rather than a drawback.
Frequently Asked Questions
1. Is this a good value for the neighbourhood?
The assessed value is competitive, ranking in the top third for Bridgwater Trails. Given that the home is newer than many in the city but not the newest on its street, it may offer a value-oriented entry point into this modern community.
2. What is the potential for adding value?
The largest immediate opportunity is the unfinished basement. Completing this space could significantly increase the livable square footage. The sizable lot also offers potential for outdoor living or landscaping projects.
3. How does the detached garage affect usability?
A detached garage provides flexibility for a workshop or storage but requires going outdoors to access the house—a consideration for Winnipeg winters. It may also allow for more creative backyard space or future projects like a garage suite, subject to zoning.
4. The home sold in 2021. What does that tell us?
The 2021 sale price provides a recent market benchmark. Comparing it to the current assessed value and listing price can help gauge market movement and the seller’s pricing strategy in this specific area.
5. The lot is large, but the living area is modest. What does this mean?
This indicates the home has a favourable footprint-to-lot ratio. You get ample outdoor space for play, gardening, or entertaining, while the house itself is efficient and manageable to maintain, which can be a desirable balance for many buyers.
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