320 Cherrywood Road

Bridgwater Trails, Winnipeg

Property score

86.6

Excellent

Overall 86.6 · Newer than most nearby homes

1,833 sqft (top 42%) · Built in 2020 (1 yr newer 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

Near average

1% smaller than neighborhood avg.

Year Built

Above average

1 yrs newer 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

86.6 is composed by the two sections below.

Property Score

89.4Excellent
Living Area1,833 sqft89Excellent
Year Built202097Excellent
Lot Size6,108 sqft81Excellent
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
1,833 sqft
0255075100
Same streetTop 49%Same areaTop 42%CitywideTop 16%
Same street · Cherrywood Road
#80 / 163
Top 49% · Avg 1,895 sqft
Same area · Bridgwater Trails
#537 / 1,282
Top 42% · Avg 1,849 sqft
Citywide · Winnipeg
#31,003 / 194,458
Top 16% · Avg 1,342 sqft

Tax-Assessed Value

above average
550k
0255075100
Same streetBottom 48%Same areaTop 44%CitywideTop 13%
Same street · Cherrywood Road
#84 / 163
Bottom 48% · Avg 558.6k
Same area · Bridgwater Trails
#563 / 1,282
Top 44% · Avg 596.2k
Citywide · Winnipeg
#24,681 / 194,458
Top 13% · Avg 390.1k

Year Built

Elite
2020
0255075100
Same streetTop 17%Same areaTop 21%CitywideTop 3%

Lot Size

above average
6,108 sqft
0255075100
Same streetTop 8%Same areaTop 21%CitywideTop 28%

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

320 Cherrywood Road — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 370 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 7/2020CA$450k–500k
Sold price

Same street

Bottom 23%

Same area

Bottom 39%

City-wide

Top 22%

Related homes

Highlights & common questions: 320 Cherrywood Road, Winnipeg

Property Summary: 320 Cherrywood Road, Bridgwater Trails

Section 1: Key Characteristics & Appeal

This 2020-built, two-storey home in Bridgwater Trails offers modern living with a practical layout. Its key characteristics include a generous 6,108 sqft lot, an attached garage, and an unfinished basement providing future expansion potential. With 1,833 sqft of living space, it suits growing families or professionals seeking a turnkey, low-maintenance property.

The appeal lies in its balance of new construction benefits and established community. As a 6-year-old home, major systems and finishes are under warranty and modern, avoiding the immediate costs and surprises of an older property. Its standout feature is the lot size, which is larger than 92% of others on the street, offering more private outdoor space than typical for newer neighbourhoods. The data suggests strong value retention, with the current assessed value significantly higher than its 2020 sale price, indicating solid market appreciation.

This property would best suit buyers prioritizing a move-in ready home in a family-oriented community who also value a larger yard. It’s ideal for those who want the “newness” of a recent build without the premium of a brand-new construction, and for owners who see the unfinished basement as a canvas for future customization rather than a drawback.

Section 2: Frequently Asked Questions

1. How does the lot size compare to the neighbourhood?
The 6,108 sqft lot is a key advantage, ranking larger than 92% of lots on Cherrywood Road and 79% within all of Bridgwater Trails. This offers more outdoor space than many comparable homes in the area.

2. What does the “unfinished basement” mean for me?
The basement is complete but not renovated, meaning it’s a blank slate with rough-in plumbing likely in place. This is a cost-saving opportunity to finish it to your exact specifications, but requires an upfront investment for drywall, flooring, and fixtures.

3. The home sold for much less in 2020. Is the current price justified?
The increase from its 2020 sale price to the current assessed value reflects strong market appreciation over four years. It also aligns with the broader trend of newer homes in Winnipeg holding significant value, ranking in the top 11% city-wide by assessment.

4. Who are the typical neighbours?
Based on nearby property details, the street consists almost entirely of single-family homes built within the last 6-10 years, suggesting a community of established but relatively new residents, likely young families and professionals.

5. Is this a good long-term investment for the area?
The data indicates a stable and desirable location. The home ranks better than 72% of all Winnipeg properties for size and value, and being in the top 3% of the city for the newness of construction (built 2020) suggests lower near-term maintenance costs and sustained appeal.

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