Property Overview: 143 Novara Drive, Amber Trails, Winnipeg
Section 1: Key Characteristics & Appeal
This well-maintained, one-storey home in Amber Trails offers a practical and comfortable living space. Its key characteristics include a renovated basement, an attached garage, and a generous 5,095 sqft lot. Built in 2003, the house is newer than most in Winnipeg, ranking in the top 19% citywide for its age, which suggests modern construction standards and potentially lower immediate maintenance needs.
The primary appeal lies in its established neighbourhood setting and solid value proposition. The home sits on a large lot within a quiet street, offering more outdoor space than many comparable properties. The renovated basement adds immediate functional living area without the need for a major project. It suits first-time buyers or downsizers seeking a manageable single-level layout in a mature community, as well as value-conscious buyers who appreciate a home that has already seen key updates. A thoughtful perspective is its position relative to the neighbourhood: while the home itself is in the top third of Amber Trails for lot size, its assessed value is in the more affordable middle range, which could indicate an opportunity for equity growth in a desirable area.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to recent sales?
The home last sold in December 2020 for $350,000. Its current assessed value is notably lower at $51,600, which is typical as municipal assessments for tax purposes often differ from market value. Interested buyers should consult a real estate professional for a current market evaluation.
2. What is the neighbourhood like?
Amber Trails is a established neighbourhood in northwest Winnipeg. The data shows this specific street is among the newer sections, with this home being newer than 98% of others on Novara Drive, offering a blend of mature landscaping and relatively recent construction.
3. Is the basement development a full suite?
The listing notes a renovated basement. Buyers should inquire about the specific nature of the renovation, the permits obtained, and whether it includes a separate entrance or kitchen facilities to understand its full potential.
4. How does the living space compare to nearby homes?
At 1,497 sqft, the living area is moderately sized. It is larger than 72% of Winnipeg homes but is somewhat smaller than several newer builds in Amber Trails referenced in the data, which often exceed 1,700 sqft. This highlights a trade-off between a larger lot and a moderately sized interior.
5. What are the typical property taxes?
With an assessed value of $51,600, property taxes can be estimated using Winnipeg’s current mill rate. A buyer can calculate an approximate annual tax amount by multiplying the assessment by the mill rate, which is subject to change annually.