Property Overview
This two-storey home at 1698 Templeton Avenue in Amber Trails is a modern, low-maintenance property built in 2021. Its key appeal lies in its balance of being a newer build in an established neighbourhood, offering a renovated basement and attached garage on a standard-sized lot. The home is particularly suited to first-time buyers, young professionals, or small families seeking a move-in ready property without the concerns of older infrastructure. Its strong rankings for being newer than most homes on its street, in the neighbourhood, and across Winnipeg suggest it offers a contemporary living space with less immediate need for updates or major repairs.
A thoughtful perspective is its position as a "modern insert" in a mature area. While the living area is average for the zone, the newness of the home provides energy efficiency and modern finishes that older comparables may lack, potentially offsetting future maintenance costs. The data indicates it sold for significantly more than its current assessed value just two years ago, which may present a perceived value opportunity in the current market for buyers, though this also warrants due diligence.
Frequently Asked Questions
1. How does the assessed value compare to the likely asking or market value?
The home is currently assessed at $55,900, but it sold for $60,500 in early 2022. Market conditions and updates since then will influence the listing price, so the assessed value should be viewed as a baseline for taxes, not a direct indicator of market value.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the seller or agent to understand if it's a finished living space, a recreational room, or has a separate entrance.
3. Is the property significantly smaller than others in Amber Trails?
The living area is about average for the neighbourhood, ranking in the top 43%. However, the lot size is smaller than many, ranking in the top 1% (meaning 99% of lots in Amber Trails are larger). This translates to a newer home on a compact yard, ideal for those wanting less outdoor upkeep.
4. Why are the comparison properties useful?
The listed nearby and similar-value properties provide context. They show that in Amber Trails, you can find both larger older homes and similar-sized newer ones around the same price point. This helps you gauge what else your budget could afford in the area.
5. What are the less obvious pros and cons of a 2021 build?
A major pro is that major components like the roof, furnace, and windows are under 5 years old and likely still under builder or manufacturer warranty. A potential con is that any construction shortcuts or early issues common in new builds may have started to surface, making a thorough inspection still very important.