Property Summary: 175 Bitterfield Drive, Amber Trails
Key Characteristics & Appeal
This 2015-built home in Amber Trails presents a balanced, move-in-ready package. Its key characteristic is a renovated basement, adding valuable finished living space to the 1,598 sqft main footprint. The home sits on a lot that is larger than most on its street, and the structure itself is newer than the vast majority of homes in Winnipeg, suggesting modern building standards and less immediate concern for major repairs.
The appeal lies in its strong positional metrics within a desirable, family-oriented neighbourhood. While its living area is modest compared to some nearby homes, its last sold price in 2022 ranks in the top 7% for the street, indicating it has been a high-performer in terms of market value. This suggests buyers are paying for the specific combination of lot size, modern age, and finished space rather than sheer square footage. It would suit first-time buyers or young families looking for a modern, low-maintenance home in a community with newer infrastructure, as well as value-conscious buyers who see potential in a home that has already had key updates like the basement renovation.
Frequently Asked Questions
Q: How does the assessed value compare to the last sale price?
A: The home was last sold for $630,000 in August 2022, while its current assessed value is $561,000. This difference is not uncommon, as assessed values for taxation purposes often lag behind dynamic market sale prices, especially in a shifting market.
Q: Is the living space smaller than other homes in the area?
A: At 1,598 sqft, the living area is below the average for some comparable homes in Amber Trails, several of which are listed above 1,800 sqft. However, the renovated basement provides additional functional space, and the property compensates with a larger-than-average lot size for the street.
Q: The home sold for a premium price in 2022. What might justify that?
A: The 2022 sale price ranked in the top 10% for the entire neighbourhood. This could be attributed to the specific renovations completed at that time, the home's then-relative newness, and the peak market conditions. It underscores the property's history of commanding strong buyer interest.
Q: What does the "Top 92% in Winnipeg" ranking for year built mean?
A: This statistic means the home is newer than 92% of all properties in Winnipeg. For a buyer, this is a significant advantage, indicating modern construction, likely better energy efficiency, and a longer period before major components like the roof or HVAC systems require replacement.
Q: Are the nearby reference properties direct competitors?
A: The listed properties (e.g., 7 Degner Place, 190 Strasbourg Drive) are contextual references provided for comparison on factors like year built, size, and assessed value. They are not necessarily for sale but help illustrate where this home sits within the local market spectrum.