Property Overview: 156 Verona Drive, Amber Trails
Key Characteristics & Buyer Appeal
This well-situated one-storey home in Amber Trails offers solid fundamentals for a practical buyer. Built in 1993, it sits on a large, above-average lot of over 5,700 sqft, providing ample outdoor space in a neighbourhood where lot sizes can vary. With 1,449 sqft of living area, the home is notably more spacious than many in the immediate area and across Winnipeg, ranking in the top third for size on its own street. It features an attached garage and a basement (not renovated), presenting a blank canvas for future development.
The appeal lies in its established location and its value as a spacious, single-level living option. The property’s assessed value has risen consistently, indicating stable market recognition. It suits first-time buyers or downsizers looking for a manageable layout without sacrificing indoor and outdoor space. It’s also a practical choice for those who see potential in a home that’s livable now but offers clear opportunities—like a basement finish—to add future value according to their own tastes and budget.
Frequently Asked Questions
1. What is the neighbourhood like?
Amber Trails is an established community in northwest Winnipeg. The property ranks in the top third for lot size on its street, suggesting a well-maintained, mature area with a mix of long-term residents.
2. Is the basement finished?
No, the basement is not renovated. This is a key consideration; it provides extra square footage and storage but requires investment to become finished living space.
3. How does the value look?
The assessed value has increased from $40.4k in 2020 to $46.2k today. While past performance doesn't guarantee future results, this trend suggests the property has held its value well in the current market context.
4. Who might this home not suit?
It may not suit buyers seeking a completely modernized, turn-key property, as some updates or renovations (like the basement) are likely desired. It's also a one-storey layout, so those preferring multiple levels might look elsewhere.
5. How does it compare to nearby homes?
It has a significantly larger living area and lot than many reference properties. For example, a similarly valued home on Chalfont Road or a nearby home on Leila Avenue (1,137 sqft) offers less interior space, highlighting this home's efficient use of its assessed value.