Property Overview: 284 Cherrywood Road, Bridgwater Trails

Key Characteristics & Appeal

This two-storey home, built in 2018, offers modern living in Winnipeg’s popular Bridgwater Trails neighbourhood. Its key appeal lies in a balance of space, newer construction, and established community. With 2,184 sqft of living area, it sits on a 4,667 sqft lot and features an attached garage and an unfinished basement.

The home’s strength is its relative standing within the market. It ranks in the top quarter of its street for living space and is newer than 95% of homes across Winnipeg, offering contemporary building standards without the wait of new construction. The assessed value places it in the top 6% citywide, suggesting a solid foundation of municipal valuation. A thoughtful perspective is that the unfinished basement, while not a renovated feature, presents a clean slate for future customization or expansion, allowing a buyer to add value according to their own taste and budget.

This property would suit buyers looking for a move-in ready, modern family home in a master-planned community. It’s ideal for those who prioritize newer infrastructure and energy efficiency, and who appreciate having a blank canvas in the basement to potentially create a rec room, home gym, or additional suite over time.

Frequently Asked Questions

1. What is the significance of the property rankings provided?
The rankings compare this home against others on its street, in Bridgwater Trails, and across all of Winnipeg for metrics like size, age, and value. They show, for instance, that this home is both newer and larger than the vast majority of Winnipeg properties, providing a quick, data-driven snapshot of how it stacks up.

2. The basement is listed as “not renovated.” What condition is it in?
The description indicates the basement is unfinished. This typically means it is a blank, usable space with bare walls, concrete floors, and open ceiling joists, awaiting drywall, flooring, and insulation to be completed as a future project.

3. How does the last sold price from 2019 relate to today’s value?
The 2019 sale price of $580k is a historical data point. Current value is influenced by many factors since then, including market shifts, renovations, and the city’s assessed value (listed as $62.20k for land and improvements). It’s a reference for past market activity, not a current appraisal.

4. What are the benefits of living in Bridgwater Trails?
Bridgwater Trails is a master-planned community known for its parks, pathways, ponds, and newer amenities like schools and shopping. It offers a suburban lifestyle with a focus on outdoor connectivity and modern neighbourhood design.

5. Why is the assessed value different from the likely market price?
Municipal assessed value is used for calculating property taxes and is often lower than market value. It is determined by mass appraisal techniques for an entire city and may not reflect specific upgrades, current market demand, or the final sale price negotiated between a buyer and seller.