Property Overview & Key Characteristics
This 2003-built, two-story home in Amber Trails offers a practical and modern living space with a renovated basement. Its key appeal lies in its balance of established community maturity and above-average modernity for its street. With 1,681 sqft of living area on a 5,095 sqft lot, it provides comfortable family-sized space. The attached garage and updated basement add functional value.
The home’s data reveals a thoughtful perspective: while it ranks in the middle of the pack for size and value within the wider neighbourhood and city, it stands out on its own street. It is one of the newest homes on Novara Drive (top 2%), suggesting a well-kept property among potentially older peers, and it has a notably high assessed value for the street (top 7%). This indicates it is likely perceived as a premium property within its immediate micro-market, possibly due to the renovations. It last sold in September 2021 for $530k.
This property would suit buyers looking for a move-in ready home in a mature, family-oriented suburb like Amber Trails, who appreciate a home that has been updated and offers strong value relative to its direct neighbours. It’s ideal for those who want space for a family without the maintenance of a brand-new build, and who see the value in a home that has already undergone significant improvements like a basement renovation.
Frequently Asked Questions
1. How does the age of this home compare to others nearby?
Built in 2003, this home is newer than 98% of the properties on its street, making it one of the most modern homes in its immediate vicinity. In the broader Amber Trails neighbourhood, it is newer than about 82% of homes.
2. What does the assessed value tell us?
The assessed value of $54,600 is for municipal tax purposes and is typically lower than market value. Notably, this assessment is in the top 7% on its street, suggesting the city recognizes it as a higher-value property compared to its direct neighbours, likely influenced by the renovated basement.
3. Has the property value increased since its last sale?
It sold for $530,000 in September 2021. Current market conditions and any further upgrades will determine its present value, but the sale price provides a recent benchmark.
4. Is the lot size typical for the area?
At 5,095 sqft, the lot is above average for the street (top 16%) and slightly above average for the wider Amber Trails neighbourhood (top 32%), offering a bit more outdoor space than many nearby properties.
5. How does the living space compare to similar homes?
With 1,681 sqft, it offers more living area than 73% of homes on its street. In the context of the entire neighbourhood and Winnipeg, it provides a comfortable, mid-sized family footprint that is larger than many, but not among the very largest available.