304 Cherrywood Road

Bridgwater Trails, Winnipeg

Property score

86.5

Excellent

Overall 86.5 · Compared with neighbourhood average

2,027 sqft (top 31%) · Built in 2018 (1 yr older than avg)

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

Transit 70.0 · 8-min walk to transit with 3 nearby routes · Within 500m: 2 parks nearby

Living Area

Near average

10% larger 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

86.5 is composed by the two sections below.

Property Score

89.2Excellent
Living Area2,027 sqft94Excellent
Year Built201897Excellent
Lot Size4,667 sqft60Fair
Neighbourhood Sales Activity89Excellent

Community Score

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

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
2,027 sqft
0255075100
Same streetTop 37%Same areaTop 31%CitywideTop 10%
Same street · Cherrywood Road
#61 / 163
Top 37% · Avg 1,895 sqft
Same area · Bridgwater Trails
#392 / 1,282
Top 31% · Avg 1,849 sqft
Citywide · Winnipeg
#19,906 / 194,458
Top 10% · Avg 1,342 sqft

Tax-Assessed Value

above average
641k
0255075100
Same streetTop 13%Same areaTop 22%CitywideTop 6%
Same street · Cherrywood Road
#22 / 163
Top 13% · Avg 558.6k
Same area · Bridgwater Trails
#282 / 1,282
Top 22% · Avg 596.2k
Citywide · Winnipeg
#11,090 / 194,458
Top 6% · Avg 390.1k

Year Built

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

Lot Size

around average
4,667 sqft
0255075100
Same streetTop 45%Same areaBottom 49%CitywideBottom 37%

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

304 Cherrywood Road — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 357 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 12/2023CA$700k–750k
Sold price

Same street

Top 7%

Same area

Top 10%

City-wide

Top 3%
Sold 8/2019CA$550k–600k
Sold price

Same street

Top 36%

Same area

Top 28%

City-wide

Top 10%

Related homes

Highlights & common questions: 304 Cherrywood Road, Winnipeg

Property Overview: 304 Cherrywood Road, Bridgwater Trails, Winnipeg

Key Characteristics, Appeal & Ideal Buyer

This well-maintained two-storey home in Bridgwater Trails offers a balanced, modern living package. Built in 2018, it features a renovated basement, an attached garage, and a generous 2,027 sqft of living space, which ranks within the top third for the neighbourhood. The lot is a comfortable 4,667 sqft. Its strong appeal is rooted in a compelling value history, having sold for $74.50k in late 2023—a figure that ranks in the top 2% of recent sales on its street and top 3% citywide, suggesting a desirable location or specific upgrades. The home suits buyers seeking a move-in ready property in a newer community without the premium of a brand-new build. It’s particularly fitting for growing families or professionals who value space, modern amenities, and a history of solid value retention. A thoughtful perspective is that while its citywide rankings for year-built and size are excellent (top 5-9%), its street-level rankings for lot size and age are more average, indicating it sits in a consistent, developed part of the community rather than standing out as an outlier.

Frequently Asked Questions

1. How does the recent sale price compare to the assessed value?
The home sold for $74.50k in December 2023, which is approximately $10k above its $64.10k assessed value. This is common, as assessed values for taxation don't always reflect current market value, especially following renovations.

2. What is the neighbourhood like?
Bridgwater Trails is a modern, master-planned community in Winnipeg. This home is on a street with very similar properties, as indicated by the close proximity and comparable specs of neighbouring houses, promoting a uniform streetscape.

3. Has the property increased in value since it was built?
Yes. It first sold for $56.60k in August 2019. The December 2023 sale at $74.50k represents significant appreciation over a 4-year period, even considering broader market trends.

4. Is the basement development included in the living area square footage?
Typically, no. The 2,027 sqft living area likely refers to above-grade space. The renovated basement is an additional bonus area, adding functional space not reflected in that primary figure.

5. How does this home rank for space compared to others?
Its living area is larger than 69% of homes in Bridgwater Trails and 91% in Winnipeg, offering above-average interior space. The lot size is more moderate, ranking better than about half of its immediate street and neighbourhood.

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