Property score
87.6
Excellent
Overall 87.6 · Larger and newer than most nearby homes
2,261 sqft (top 18%) · Built in 2022 (3 yrs newer than avg)
Located in a high-income area with median household income of ~103k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, and 2 parks nearby
Living Area
Above average
22% larger than neighborhood avg.
Year Built
Above average
3 yrs newer 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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87.6 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
408 Cherrywood Road — 3 amenities found within 500 m, across 2 categories, including 1 dining (nearest 479 m), 2 parks (nearest 333 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 | Top 11% | Top 13% | Top 3% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This modern two-storey home at 408 Cherrywood Road in Winnipeg's Bridgwater Trails neighbourhood presents a compelling blend of new-build convenience and established community living. Built in 2022, it offers the significant advantage of a recently renovated basement, adding immediate liveable space without the need for future projects. With 2,261 sqft of living area on a 4,665 sqft lot and an attached garage, the home is designed for contemporary family life.
Its appeal lies in its balance of space, modernity, and location. The home ranks highly for its newness and above-average size within its immediate area, suggesting a well-proportioned property among peers. The renovated basement is a standout feature, offering flexibility from the start. It would suit buyers looking for a move-in ready, low-maintenance home in a sought-after newer community—perfect for young families, professionals, or those downsizing from an older property who still desire ample space. A thoughtful perspective is that this home offers a "second owner" benefit: the initial new-home kinks are likely resolved, yet the property is far from requiring major updates, positioning it in a sweet spot of the ownership cycle.
Key Questions & Answers
1. How does the assessed value compare to the last sale price?
The property was last sold in March 2022 for $70,500. Its current assessed value is $70,800, indicating stable market valuation in line with its initial purchase price.
2. What does the ranking data actually tell me about this property?
The percentile rankings show how this home compares to others on its street, in Bridgwater Trails, and across Winnipeg. For example, it ranks in the top 3% on its street for assessed value and the top 1% for year built, meaning it's one of the newest and most highly valued homes on Cherrywood Road. This suggests it's a leading property in its immediate micro-market.
3. Is the lot size typical for the area?
At 4,665 sqft, the lot is in the top third (top 32%) for size on its street. It is larger than many of its direct neighbours, which can provide more private outdoor space—a valuable asset in newer subdivisions.
4. What are comparable homes in the area like?
The listed comparable properties show that in Bridgwater Trails, similar assessed values correspond to homes with varying sizes and ages. This home offers a more recent build year than many comparables, which often trade more square footage for an older construction date.
5. What is the significance of the renovated basement?
In a home only four years old, a basement renovation completed so soon often indicates a purposeful upgrade to add bedrooms, a recreational space, or a legal suite. It’s a finished feature that typically adds value and utility beyond the original builder’s specifications.
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