424 Cherrywood Road

Bridgwater Trails, Winnipeg

Property score

83.6

Excellent

Overall 83.6 · Newer than most nearby homes

1,793 sqft (top 46%) · Built in 2020 (1 yr newer than avg)

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

Transit 88.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 2 parks, and 1 sports facility nearby

Living Area

Near average

3% 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

Need help understanding this property?

Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.

Usually replies in a few minutes

Property score

83.6 is composed by the two sections below.

Property Score

84.4Excellent
Living Area1,793 sqft86Excellent
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

above average
1,793 sqft
0255075100
Same streetBottom 44%Same areaTop 46%CitywideTop 17%
Same street · Cherrywood Road
#92 / 163
Bottom 44% · Avg 1,895 sqft
Same area · Bridgwater Trails
#584 / 1,282
Top 46% · Avg 1,849 sqft
Citywide · Winnipeg
#33,894 / 194,458
Top 17% · Avg 1,342 sqft

Tax-Assessed Value

above average
540k
0255075100
Same streetBottom 43%Same areaTop 47%CitywideTop 14%
Same street · Cherrywood Road
#93 / 163
Bottom 43% · Avg 558.6k
Same area · Bridgwater Trails
#601 / 1,282
Top 47% · Avg 596.2k
Citywide · Winnipeg
#27,109 / 194,458
Top 14% · 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

424 Cherrywood Road — 4 amenities found within 500 m, across 3 categories, including 1 dining (nearest 428 m), 2 parks (nearest 322 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 4/2024CA$600k–650k
Sold price

Same street

Top 27%

Same area

Top 21%

City-wide

Top 7%
Sold 10/2020CA$450k–500k
Sold price

Same street

Bottom 27%

Same area

Bottom 41%

City-wide

Top 21%

Related homes

Highlights & common questions: 424 Cherrywood Road, Winnipeg

Property Overview

This two-storey home in Bridgwater Trails is a modern property built in 2020, offering a turnkey living experience. Its key appeal lies in its balance of being a relatively new build—which means fewer immediate maintenance concerns and modern construction standards—within a well-established, popular suburban neighbourhood. With 1,793 sqft of living space, an attached garage, and a full (though unrenovated) basement on a 4,666 sqft lot, it provides a practical layout for daily life.

The home’s value proposition is clear when looking at its transaction history, having appreciated notably since its 2020 sale. Its assessed and recent sold prices rank consistently in the top tiers for Winnipeg, suggesting a solid market position. This isn't the largest or most premium home on the street, but it represents a strong, middle-range option in the area. It would suit first-time buyers looking for a move-in-ready modern home, or young families attracted to Bridgwater Trails' pathways and amenities, who prioritize a newer build over a larger, older property that might require more work.

A less obvious perspective is that the unrenovated basement, while not a feature, presents a straightforward blank canvas for future expansion without the need to undo someone else’s project. Additionally, its "better than average" rankings on most metrics, without being top-tier, indicate a property that offers comfort and stability without the premium price tag of the neighbourhood's largest or newest homes.


Frequently Asked Questions

1. How does this home compare to others in Bridgwater Trails?
Based on the data, this home is solidly in the middle range for its street and neighbourhood for size and value, but it ranks highly for its newer age. You're getting a modern home (newer than 79% of the neighbourhood) that is competitively sized, not necessarily the largest.

2. What does the sale history tell us?
The home sold for $460k in 2020 and then $603k in 2024. This indicates significant appreciation over four years, reflecting both market trends and the desirability of the location and property type.

3. Is the basement finished?
No, the basement is included but is noted as "not renovated." It is a full, unfinished space, offering potential for future customization or storage.

4. Who would this property best suit?
It's an excellent fit for buyers seeking a modern, low-maintenance home in a family-friendly community. It's particularly suitable for those who value a newer build (2020) and are comfortable with a home that offers good, but not maximum, square footage relative to the area.

5. How does the lot size impact the property?
At 4,666 sqft, the lot is a standard suburban size. It ranks around the middle for the street, meaning it provides typical outdoor space for the area—enough for a deck, garden, and play area, but not an exceptionally large yard.

Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.