Property Overview
This two-storey home at 163 Morava Way in Amber Trails offers a blend of modern comfort and established neighbourhood living. Built in 2009, it sits on a generous 5,236 sqft lot and features 1,980 sqft of living space, an attached garage, and a renovated basement. Its appeal lies in its above-average positioning within a mature, sought-after community. The home ranks consistently well for its lot size, newer age, and living space compared to most of Winnipeg, and its recent sale history suggests strong value retention. This property would suit growing families or professionals looking for a move-in ready home in a stable area, offering more space and a more established setting than brand-new subdivisions without the maintenance concerns of an older house.
Key Details & Questions
What are the key features and who is this home for?
The home’s key characteristics are its renovated basement, spacious lot, and its standing as a relatively modern build in a mature neighbourhood. Its appeal is grounded in offering a balanced, low-drama ownership experience in a community with proven desirability. It suits buyers who want the space and neighbourhood amenities of Amber Trails without a fixer-upper project, and who appreciate a home that has held its value well against local and city-wide benchmarks.
Frequently Asked Questions
1. How does this property really compare to others in Amber Trails?
The data shows a strong, consistent profile. It ranks in the top 40% for lot size and building age within the neighbourhood, and in the top 26% for living space. This indicates it’s a competitively sized and relatively modern home on a good-sized lot for the area.
2. What does the assessed value versus last sale price tell us?
The home sold for $69.20k in mid-2022, which was in the top 4% of Winnipeg sale prices at that time, showing high demand. The current assessed value is lower at $62.10k, which may reflect market adjustments or assessed value methodology, but it still places in the top 6% city-wide. This history suggests a property that has been highly valued.
3. Is the renovated basement a full legal suite?
The details specify a "renovated basement" but do not list it as a separate suite. Buyers should verify the renovation scope, permits, and its exact configuration (e.g., legal secondary suite, recreational space, or additional bedrooms) to understand its utility and value.
4. How established is the immediate area?
With neighbours on similarly sized lots and homes built around the same time (2009), the street appears to be a cohesive, well-established part of Amber Trails. This often translates to settled landscaping, stable community dynamics, and predictable neighbourhood upkeep.
5. Are there any obvious drawbacks based on the data?
While the home ranks highly in many categories, its assessed value rank within its own street is lower (top 67%) than its city-wide rank. This isn’t necessarily a drawback but indicates that Morava Way may have a cluster of high-value homes, making this one a strong contender within a desirable micro-location.