Property Overview & Key Characteristics
This two-storey home in Amber Trails is a standout property within its community, built in 2007. Its primary appeal lies in its combination of above-average size, a modern yet established age, and a significantly renovated basement. At 2,558 sqft, the living space is notably larger than most homes in Winnipeg, ranking in the top 2% city-wide. The lot size of 6,518 sqft is also generous for the area. A key feature is the renovated basement, adding valuable finished space.
The home’s assessed value is notably high for the neighbourhood (top 1%), which often reflects updates, desirable lot placement, or premium finishes. While the 2016 sale price was modest, the current assessment suggests substantial value growth or improvements since then. This property would best suit buyers looking for a move-in ready, spacious family home in a mature, newer suburb without waiting for construction. It’s ideal for those who value space over a brand-new build and appreciate a home that has already seen significant upgrades, particularly in the lower level.
Frequently Asked Questions
Q: The assessed value seems high compared to the 2016 sale price. What does this indicate?
A: This typically points to substantial market appreciation or, more likely in this case, significant renovations and improvements made to the property since the last sale, such as the basement renovation mentioned.
Q: How does the lot size compare to others on the street?
A: At 6,518 sqft, the lot ranks in the top half (54%) on Massalia Drive. It’s a larger-than-average lot for the street, offering more outdoor space than many neighbours.
Q: The home was built in 2007. Are there any considerations with a house of this age?
A: A 19-year-old home is past the initial builder warranty period but is still considered modern. Key components like the roof, major appliances, and HVAC system may be nearing or due for proactive maintenance or replacement, which is a factor to budget for.
Q: The living area is in the top 2% for Winnipeg. How does that affect utility costs and taxes?
A: While offering excellent space, a larger home generally leads to higher heating, cooling, and property tax bills. The high assessed value directly influences the tax amount, so it’s advisable to estimate these ongoing costs.
Q: What is the significance of the "renovated basement" mention?
A: This is a major value-add. It means the lower level is finished as living space, not storage, effectively increasing the usable square footage of the home. It’s important to clarify the scope, quality, and whether permits were obtained for this work.