Property Overview: 148 Novara Drive, Amber Trails
Key Characteristics & Appeal
This well-situated bi-level home in Amber Trails presents a compelling blend of space, modernity, and established value. Built in 2003, it is a newer property relative to most in Winnipeg, offering contemporary construction without the premium of a brand-new build. Its key features include a renovated basement, an attached garage, and a living area of 1,325 sqft set on a generous 5,095 sqft lot.
The appeal lies in its strong positional metrics within a desirable neighbourhood. The home ranks in the top tiers for lot size, year built, and living area on its own street, suggesting it is one of the more substantial and modern properties in its immediate vicinity. Its recent sale price in September 2023 was notably higher than its current assessed value, which may indicate recent improvements, a competitive purchase, or strong market demand for homes in this category. This property would suit practical buyers looking for a move-in ready home in a mature, family-friendly area like Amber Trails. It’s particularly suited for those who value a renovated basement for extra living space, a larger lot for privacy or gardening, and the reliability of a home built this century, all while being positioned in a neighbourhood that holds its value well.
Frequently Asked Questions
1. How does the recent sale price compare to the assessed value?
The home sold for $55.30k above its $460k assessed value in September 2023. This difference could reflect market conditions at the time, specific upgrades made by the previous owner, or the desirable attributes of this particular lot and home.
2. What does the "rank" data mean for this property?
The rankings compare this home to others on its street, in Amber Trails, and across Winnipeg. For example, its lot size is in the top 16% on Novara Drive, and it’s one of the newest homes on the street (top 2%). This data suggests it stands out positively in its immediate context.
3. Is the basement renovation reflected in the assessed value?
Not necessarily. Municipal assessed values for taxation purposes often lag behind market values and may not fully capture recent renovations. The significant sale price in 2023 is a stronger indicator of the home’s updated market value.
4. What type of neighbourhood is Amber Trails?
Amber Trails is a established, family-oriented neighbourhood in Winnipeg. The presence of many similar-aged homes and the property’s strong rankings within the area suggest a consistent, well-regarded community.
5. Who would this home not be ideal for?
This property may not suit buyers seeking a very large primary living area above grade, as the bi-level design splits the square footage. It also may not fit those looking for a brand-new construction project or a home with a swimming pool.