Property Overview: 23 Basel Avenue, Amber Trails, Winnipeg
Key Characteristics & Buyer Appeal
This 2006-built, two-storey cabover home sits on a large, 5,826 sqft lot in the established Amber Trails neighbourhood. Its key features include a renovated basement, an attached garage, and 1,706 sqft of living space. The appeal lies in its proven value growth and solid positioning within a mature area. It last sold in July 2022 for $66,200, which ranks in the top 5% of neighbourhood sales, indicating a strong recent performance. The home is newer than most on its street (top 84%) and in Winnipeg overall, suggesting less immediate need for major system updates. The large lot offers room for expansion or gardening, a relative rarity in newer subdivisions.
This property would suit a practical, value-conscious buyer—perhaps a young family or an investor—who appreciates a home that has already seen significant renovation work (the basement) and is situated in a settled community with stable property values. It’s for someone who sees the benefit in a home that is not the newest on the block but stands out for its lot size and recent sale history, offering a balance between established neighbourhood character and modern living space.
Frequently Asked Questions
1. How does the 2022 sale price compare to the current assessed value?
The home sold for $66,200 in July 2022, which is approximately 20% above its current assessed value of $54,900. This recent sale provides a concrete, high benchmark for the property’s market value.
2. Is the lot size a significant feature?
Yes. At 5,826 sqft, the lot is larger than 74% of others on Basel Avenue. This is a notable asset in a modern neighbourhood, providing extra outdoor space and potential that many newer homes lack.
3. How does the home’s age compare to the area?
Built in 2006, the home is newer than 84% of properties on its street and in Winnipeg. In its immediate Amber Trails neighbourhood, however, it is older than about 70% of homes, placing it in the earlier phase of the area’s development.
4. What does the "cabover" building type mean?
A cabover design typically features a front-facing garage with living space above it. This efficient footprint often allows for a larger backyard, which aligns with this property’s expansive lot.
5. Are the provided property comparisons useful?
The listed nearby and similarly-valued homes offer context. For instance, comparisons on Amber Trail show slightly newer homes with varying sizes and values, helping to gauge where this property fits in the local market spectrum. The dramatic difference in assessed value for some homes in The Maples (e.g., 95 Gardenia Bay) highlights how lot location or specific upgrades can skew comparisons.