264 Cherrywood Road

Bridgwater Trails, Winnipeg

Property score

81.3

Excellent

Overall 81.3 · Compared with neighbourhood average

1,608 sqft (bottom 34%) · Built in 2018 (1 yr older than avg)

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

Transit 70.0 · 7-min walk to transit with 3 nearby routes · Within 500m: 2 parks nearby

Living Area

Below average

13% 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)

Sold Count

1,068

Median price

563.8k

$/sqft

$347/sqft

Avg build year

2019

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Property score

81.3 is composed by the two sections below.

Property Score

80.5Excellent
Living Area83
1,608 sqftExcellent
Year Built97
2018Excellent
Lot Size46
3,965 sqftLow
Neighbourhood Sales Activity89
Excellent

Community Score

82.5Excellent
Household Income86
Excellent
Education Level91
Excellent
Housing Stress42
Low
Core Housing Need88
Excellent
Employment Health83
Excellent

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
1,608 sqft
0255075100
Same streetBottom 22%Same areaBottom 34%CitywideTop 25%
Same street · Cherrywood Road
#127 / 163
Bottom 22% · Avg 1,895 sqft
Same area · Bridgwater Trails
#842 / 1,282
Bottom 34% · Avg 1,849 sqft
Citywide · Winnipeg
#48,548 / 194,458
Top 25% · Avg 1,342 sqft

Tax-Assessed Value

above average
482k
0255075100
Same streetBottom 20%Same areaBottom 28%CitywideTop 23%
Same street · Cherrywood Road
#130 / 163
Bottom 20% · Avg 558.6k
Same area · Bridgwater Trails
#921 / 1,282
Bottom 28% · Avg 596.2k
Citywide · Winnipeg
#44,347 / 194,458
Top 23% · Avg 390.1k

Year Built

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

Lot Size

below average
3,965 sqft
0255075100
Same streetBottom 9%Same areaBottom 26%CitywideBottom 25%

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

264 Cherrywood Road — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 345 m).

Search radius
🌳Parks2

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 1/2024CA$500k–550k
Sold price

Same street

Bottom 45%

Same area

Top 43%

City-wide

Top 15%

Related homes

Highlights & common questions: 264 Cherrywood Road, Winnipeg

Property Overview: 264 Cherrywood Road, Bridgwater Trails

Section 1: Key Characteristics & Appeal

This 2018-built, two-storey home in Bridgwater Trails offers modern living with a manageable footprint. Its key characteristics include a 1,608 sqft living area, a full (but unrenovated) basement, a detached garage, and a well-sized 3,965 sqft lot. The home’s primary appeal lies in its balance of being relatively new—avoiding major immediate repairs—while being priced accessibly within a popular, master-planned community. Its recent sale in early 2024 provides clear, current market context.

The property suits first-time buyers or young families seeking a turn-key home in a modern neighbourhood without the premium of a brand-new build. It also appeals to practical buyers who value a blank-canvas basement for future customization over a pre-finished space that may not suit their tastes. The rankings provided, while not exceptional in its immediate street or neighbourhood, show the home holds its own in the broader Winnipeg context, particularly for its newer age and above-average living area for the city. It’s a solid choice for those prioritizing community amenities and a contemporary floor plan over a top-tier lot location within Bridgwater Trails.

Section 2: Frequently Asked Questions

1. What is the significance of the provided "rankings"?
The rankings compare this property against others on the same street, in Bridgwater Trails, and across Winnipeg for metrics like lot size and year built. They offer a quick, data-driven snapshot of how it stacks up in various categories, helping to contextualize its value.

2. The basement is noted as "not renovated." What does that imply?
It means the basement is unfinished or in a basic state, with concrete walls and floors. This is common in newer homes and represents both a cost-saving at purchase and an opportunity for future expansion to add value and living space according to your own needs and budget.

3. How does the recent sale price (Jan 2024) relate to the assessed value?
The sale price of $50,900k is close to the assessed value of $48.20k, indicating the sale was aligned with municipal assessment. This recent transaction provides a reliable, up-to-date market price, reducing uncertainty compared to properties that haven't sold in many years.

4. Who might the detached garage suit better than an attached one?
A detached garage can be preferable for hobbyists, woodworkers, or those who want a clear separation between vehicle storage/future workshop noise and the main living quarters. It also offers more flexibility for future laneway or garden suite plans, subject to local bylaws.

5. The lot is larger than many, but the street rank is lower. What does that mean?
While the 3,965 sqft lot is a good size, the "better than 9% in same street" ranking indicates that most lots on Cherrywood Road are even larger. This suggests the street consists of spacious properties, so you're buying into a street with a generous overall feel, even if this specific lot isn't the largest.