43 Cherrywood Road

Bridgwater Trails, Winnipeg

Property score

87.2

Excellent

Overall 87.2 · Larger than most nearby homes

2,494 sqft (top 9%) · Built in 2017 (2 yrs older than avg)

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

Transit 70.0 · 6-min walk to transit with 3 nearby routes · Within 500m: 4 parks nearby

Living Area

Above average

35% larger than neighborhood avg.

Year Built

Below average

2 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

87.2 is composed by the two sections below.

Property Score

90.4Excellent
Living Area2,494 sqft96Excellent
Year Built201797Excellent
Lot Size4,888 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
2,494 sqft
0255075100
Same streetTop 5%Same areaTop 9%CitywideTop 3%
Same street · Cherrywood Road
#8 / 163
Top 5% · Avg 1,895 sqft
Same area · Bridgwater Trails
#116 / 1,282
Top 9% · Avg 1,849 sqft
Citywide · Winnipeg
#5,727 / 194,458
Top 3% · Avg 1,342 sqft

Tax-Assessed Value

Elite
708k
0255075100
Same streetTop 3%Same areaTop 15%CitywideTop 4%
Same street · Cherrywood Road
#5 / 163
Top 3% · Avg 558.6k
Same area · Bridgwater Trails
#191 / 1,282
Top 15% · Avg 596.2k
Citywide · Winnipeg
#7,175 / 194,458
Top 4% · Avg 390.1k

Year Built

Elite
2017
0255075100
Same streetBottom 34%Same areaBottom 31%CitywideTop 5%

Lot Size

above average
4,888 sqft
0255075100
Same streetTop 27%Same areaTop 46%CitywideBottom 41%

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

43 Cherrywood Road — 4 amenities found within 500 m, across 1 categories, including 4 parks (nearest 302 m).

Search radius
🌳Parks4

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 6/2024CA$750k–800k
Sold price

Same street

Top 3%

Same area

Top 8%

City-wide

Top 2%
Sold 7/2017CA$450k–500k
Sold price

Same street

Bottom 31%

Same area

Bottom 49%

City-wide

Top 18%

Related homes

Highlights & common questions: 43 Cherrywood Road, Winnipeg

Property Overview & Key Characteristics

This two-storey home in Bridgwater Trails is a modern, well-sized property built in 2017. Its primary appeal lies in its generous proportions and strong market performance. With nearly 2,500 sqft of living space, it ranks in the top 5% of its street and top 10% of its neighbourhood for size. The home sits on a large lot (4,888 sqft) and features a renovated basement and an attached garage.

The data suggests a property that has appreciated significantly, having sold for $479,500 in June 2024—a figure that ranks in the top 1-2% of recent sales for its immediate area and citywide. This points to a home that has been updated or possesses qualities highly valued in the current market. Its assessed value of $708,000 further indicates official recognition of its worth.

This home would suit buyers looking for a move-in ready, spacious family home in a newer community, particularly those who value both interior space and a larger lot. It’s also a compelling option for data-driven buyers who appreciate a clear history of strong value retention and growth, as evidenced by its standout sales and assessment rankings.


Frequently Asked Questions

1. How does the recent sale price compare to the assessed value?
The home sold for $479,500 in June 2024, which is notably lower than its current assessed value of $708,000. It’s important to discuss this with your real estate agent, as assessed values are for municipal tax purposes and can differ from market value, though the gap here is significant.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the finishes, whether it includes a legal secondary suite or additional bedrooms, and if permits were obtained for the work.

3. The home ranks lower for "year built" on its street. Should I be concerned?
While it’s newer than 94% of homes in Winnipeg, on its specific street it’s newer than only 34% of properties. This isn’t a negative; it simply means Cherrywood Road has many very new homes. It indicates you’re buying into a modern, established part of the subdivision where the community is already formed.

4. How does the lot size impact the property?
At nearly 4,900 sqft, the lot is larger than 73% of those on the street. This is a key advantage, offering more outdoor space for play, gardening, or entertaining than many newer suburban lots, and can contribute to long-term value.

5. The sold price in 2017 was $489,000. What does this price history indicate?
Selling for $489,000 when new in 2017 and then $479,500 in 2024 might suggest stable value in a changing market. However, the substantial increase in its assessed value alongside this sale price creates an interesting dynamic. A professional can help analyze what factors (market conditions, specific renovations, sale terms) influenced the 2024 sale price.

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