Property Overview & Appeal
This two-storey home in Amber Trails presents a balanced offering for buyers seeking established value and space. Built in 1996, its key characteristic is a generous 6,594 sqft lot, placing it in the top 8% for lot size on its street. The 1,806 sqft living area is above average for Winnipeg, and the home features an attached garage and a renovated basement. Its appeal lies in this combination of a larger, mature lot in a neighbourhood developed in the late 90s/early 2000s, paired with updated living space. The current assessed value is notably higher than its last sale price in 2017, suggesting significant appreciation.
This property would suit practical buyers who prioritize outdoor space over a brand-new build. It’s ideal for a growing family looking for a move-in-ready home with room to play, or for value-conscious purchasers who see the upside in an older home on a substantial lot compared to newer builds on smaller plots. The renovated basement adds immediate functional space for recreation or guests.
Frequently Asked Questions
1. How does the age of the home (1996) compare to others nearby?
At 30 years old, this home is actually newer than most in its immediate neighbourhood, ranking in the top 8% locally. It sits between much older homes in adjacent areas and the newer constructions within Amber Trails itself.
2. The assessed value seems high relative to the 2017 sale price. What does this indicate?
The assessed value of $53.5k reflects the municipality’s current valuation for tax purposes, which has risen significantly from the 2017 sale price of $42.3k. This indicates strong market appreciation over that period, though the final market price is determined between buyer and seller.
3. What is the significance of the lot size ranking?
The lot is in the top 8% on its street for size. In a newer suburban area where lots are often smaller, this is a distinct advantage, offering more private outdoor space, potential for gardening, or future additions like a deck or shed.
4. Are the compared properties at the bottom truly similar?
The listed "similar assessed value" properties are matches based solely on municipal assessment for tax purposes. They are in different neighbourhoods, indicating this home’s assessed value is comparable to homes in various parts of the city, but lot size, age, and condition will differ.
5. What should I make of the "Sold" price being below the current assessed value?
The 2017 sale price is historical data. The assessment increase suggests the area has seen value growth. It’s important to view recent comparable sales, not old data, to understand the current market value.