Property Summary: 127 Morava Way, Amber Trails, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated two-storey home in Amber Trails offers strong fundamentals for family living. Built in 2009, it sits on a generous 6,120 sqft lot, which is larger than 89% of others on its street. With 2,288 sqft of living space, the home is notably spacious, ranking in the top 14% on its street and top 7% within the Amber Trails neighbourhood. It features an attached garage and a basement (not renovated).
The primary appeal lies in its established presence within a desirable, modern neighbourhood. The data suggests a property that has been a strong performer in its local market, with sizeable proportions for both the house and land. It would suit buyers looking for a move-in ready family home in a newer community, who value space and a solid neighbourhood ranking over a brand-new build. A thoughtful perspective is that the home’s 2009 build date strikes a balance—it’s past any potential early-construction teething problems of a new home, yet modern enough to avoid major near-term system renewals. Its consistent value growth, from a sale of $490k in 2017 to $600k in 2020, indicates a history of steady appreciation in a sought-after area.
Section 2: Frequently Asked Questions (FAQs)
1. How does this home compare to others in Amber Trails?
The home ranks highly for its living area (top 7% in the neighbourhood) and lot size. It is older than the neighbourhood median but newer than 86% of homes across Winnipeg, positioning it as an established, spacious option in a relatively new community.
2. What does the "not renovated" basement mean?
This indicates the basement is finished as originally built in 2009 but has not undergone any significant updates or remodels since. It offers potential for future customization but is functional as-is.
3. The assessed value seems low compared to past sale prices. Why?
Municipal assessed value for tax purposes is not a direct indicator of current market value. It is often lower, as seen here with a $63.3k assessment versus a $600k sale in 2020. Market value is determined by recent comparable sales, condition, and buyer demand.
4. Is the lot size a significant feature?
Yes. At over 6,000 sqft, the lot is a standout feature, offering more outdoor space than most properties on the street. This provides ample room for gardening, play, and privacy—a premium in newer subdivisions.
5. What is the significance of the provided ranking percentages?
These percentile rankings quickly show how this property measures against its immediate peers. For example, a "Top 89% in same street" rank for lot area means only 11% of lots on Morava Way are larger. It’s a useful tool for understanding the home’s relative strengths within its micro-market.