Property Overview: 177 Thorn Drive, Amber Trails
Key Characteristics & Appeal
This home is a well-established property in the Amber Trails neighbourhood, built in 2006. Its primary appeal lies in a combination of solid value, a renovated basement, and its standing within a desirable community. The 1,901 sqft living area is complemented by a generous 6,027 sqft lot, offering more outdoor space than many newer builds. A key feature is the renovated basement, which adds significant functional living space.
The data suggests this property represents strong value within its immediate area. Its assessed value ranks in the top 5% of the neighbourhood and top 4% city-wide, indicating official recognition of its worth relative to similar homes. However, its last sold price in 2019 was notably higher than the current assessment, a point for buyers to consider. The home suits practical buyers looking for a move-in ready property with updated essentials (like the basement) in a mature, family-friendly area. It’s ideal for those who prioritize lot size and established community character over a brand-new build, and for value-conscious buyers who appreciate a home with strong assessment metrics.
Frequently Asked Questions
1. How does the assessed value compare to the likely market price?
While the assessed value is a strong benchmark for municipal taxes, market price is determined by current conditions. The notable difference between the 2019 sale price and the current assessment highlights that market trends and home improvements since the last sale will be key factors in its listing price.
2. Is the renovated basement a full legal suite?
The details confirm a renovated basement but do not specify if it is a legal secondary suite. Buyers should verify with the listing agent or city records whether the renovation included proper permits and meets code for a potential suite, as this affects value and utility.
3. How does this home rank for size in the area?
The living space is above average for Winnipeg but near the median for its own street. This indicates the home is a comfortable size, but the larger differentiator is the lot, which is in the top third for the street, offering valuable outdoor space.
4. The home is nearly 20 years old. What should I be mindful of?
Major components like the roof, HVAC system, and windows may be nearing the end of their typical lifespans. A thorough inspection is recommended to assess the condition of these age-appropriate items and plan for potential future updates.
5. What does the neighbourhood data tell me?
The rankings show Amber Trails is a consistent and desirable area. The property ranks highly in assessed value within the neighbourhood, suggesting it is considered a premium property on its street and in the community, which can be a positive for long-term value retention.