420 Cherrywood Road

Bridgwater Trails, Winnipeg

Property score

88.0

Excellent

Overall 88.0 · Larger and newer than most nearby homes

2,532 sqft (top 8%) · Built in 2020 (1 yr newer than avg)

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

Transit 80.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 2 parks, and 1 sports facility nearby

Living Area

Above average

37% larger 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

88.0 is composed by the two sections below.

Property Score

91.6Excellent
Living Area2,532 sqft98Excellent
Year Built202097Excellent
Lot Size4,666 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

Elite
2,532 sqft
0255075100
Same streetTop 3%Same areaTop 8%CitywideTop 3%
Same street · Cherrywood Road
#5 / 163
Top 3% · Avg 1,895 sqft
Same area · Bridgwater Trails
#102 / 1,282
Top 8% · Avg 1,849 sqft
Citywide · Winnipeg
#5,198 / 194,458
Top 3% · Avg 1,342 sqft

Tax-Assessed Value

above average
626k
0255075100
Same streetTop 19%Same areaTop 24%CitywideTop 6%
Same street · Cherrywood Road
#31 / 163
Top 19% · Avg 558.6k
Same area · Bridgwater Trails
#314 / 1,282
Top 24% · Avg 596.2k
Citywide · Winnipeg
#12,333 / 194,458
Top 6% · Avg 390.1k

Year Built

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

Lot Size

around average
4,666 sqft
0255075100
Same streetBottom 40%Same areaBottom 46%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

420 Cherrywood Road — 4 amenities found within 500 m, across 3 categories, including 1 dining (nearest 440 m), 2 parks (nearest 324 m).

Search radius
🍽️Dining1
🌳Parks2
💪Sports1

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$500k–550k
Sold price

Same street

Bottom 49%

Same area

Top 40%

City-wide

Top 14%

Related homes

Highlights & common questions: 420 Cherrywood Road, Winnipeg

Property Overview: 420 Cherrywood Road, Bridgwater Trails

Key Characteristics, Appeal & Ideal Buyer

This two-storey home, built in 2020, presents a modern, low-maintenance living opportunity in the popular Bridgwater Trails neighbourhood. Its primary appeal lies in its combination of newer construction and above-average space. With a living area of 2,532 sqft, it is notably larger than most comparable homes on its street and in the wider area, ranking in the top 3-8% for size. The property sits on a standard 4,666 sqft lot and features an attached garage and an unfinished basement, offering a blank canvas for future expansion.

The home’s value proposition is underscored by its assessed value growth, having increased significantly from its 2020 sale price. While the lot size is typical for the street, the house itself is a standout in terms of square footage for a newer build. This property would best suit a growing family or professional couple seeking a modern, spacious home without the immediate need for major renovations. It’s ideal for buyers who prioritize move-in readiness and the efficiency of a newer build, but who also value the potential to customize the unfinished basement down the line. A thoughtful perspective is that this home offers the rarity of newer systems and warranties while providing more interior space than many of its contemporary neighbours, making it a efficient long-term hold in a sought-after community.

Frequently Asked Questions

1. What is the neighbourhood like?
Bridgwater Trails is a modern, master-planned community in Winnipeg known for its parks, pathways, and family-friendly amenities. This home is centrally located within it, close to schools, shopping, and green spaces.

2. Is the basement developed?
No, the basement is unfinished. This presents both a cost-saving advantage on the purchase price and the future opportunity to customize the space to suit your needs, whether for recreation, storage, or additional bedrooms.

3. How does this home compare to others on the street?
The data indicates this home is newer than approximately 83% of houses on Cherrywood Road and has a significantly larger living area than about 97% of them. This suggests you are getting a more contemporary and spacious home relative to its immediate neighbours.

4. What does the assessed value history indicate?
The assessed value has risen from its 2020 sale price, reflecting market appreciation and the desirability of newer homes in the area. It's always recommended to have a current market evaluation performed to understand its present-day value.

5. What are the utility costs like for a home of this age and size?
As a home built in 2020, it likely incorporates modern building codes and energy-efficient standards for windows, insulation, and appliances. This typically translates to relatively predictable and efficient utility costs compared to older homes, though actual costs will depend on personal usage.

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