Property Summary: 116 Lakebourne Drive, Amber Trails
Section 1: Key Characteristics & Appeal
This two-storey home in Amber Trails is a modern, well-sized property built in 2015. Its primary appeal lies in its generous proportions and strong standing within a desirable, established neighbourhood. With nearly 2,700 sqft of living space, it ranks in the top 3% of homes on its street by size, offering more room than most comparable properties. The attached garage and full (though unrenovated) basement add practical utility.
The home’s value is underscored by its recent sale in July 2024 for $66.5k above its assessed value, indicating strong market confidence. Its rankings suggest a property that is newer, larger, and more valuable than the majority of homes not just in Amber Trails, but across Winnipeg. This isn't just a standard home in the area; it's a standout example.
It would suit buyers looking for a move-in ready, modern family home in a sought-after neighbourhood, who prioritize space and a property with proven investment appeal. It’s particularly well-suited for those who see an unfinished basement as a positive—a blank canvas for future customization without the premium of a builder-grade finish.
Section 2: Frequently Asked Questions
1. Is the price justified given the assessed value?
While the assessed value is $65.60k, the home sold for $66.50k in July 2024. This recent sale price, which buyers were willing to pay, is a more current reflection of its market value and suggests the property has features or appeal that formal assessments may not fully capture.
2. What does the "top percentile" ranking actually mean for me?
These rankings directly compare this home to others. For example, ranking in the top 3% for living area on its street means it is genuinely larger than 97% of its immediate neighbours. This quantifies its relative size, newness, and value advantage in a clear way.
3. The basement is noted as "not renovated." What should I expect?
This typically means the basement is unfinished or partially finished with basic builder-grade materials. While it doesn't offer move-in-ready living space, it provides dry, usable storage and significant potential for future expansion tailored to your needs and taste.
4. How does this home compare to others in Amber Trails?
The provided comparisons (like 173 Lakebourne Drive) show this home is significantly larger—by over 850 sqft—and commands a higher value than other homes on the same street from the same build year. It is a premium offering within the neighbourhood.
5. The lot is under 6,000 sqft. Is that typical for the area?
At just under 6,000 sqft, the lot is a modern suburban size. The home's appeal is focused on interior living space and community amenities rather than extensive private yard space. This is standard for newer subdivisions like Amber Trails and means less exterior maintenance.