Property Overview: 27 Amber Trail
Section 1: Key Characteristics & Appeal
This well-established home in Amber Trails offers a practical and comfortable living space built in 2006. Its key appeal lies in a combination of solid fundamentals and relative value within its setting. The 1,778 sqft home sits on a generous 5,704 sqft lot, providing ample outdoor space—a notable feature as newer builds in the area often sit on smaller parcels. A significant highlight is the renovated basement, which adds immediate functional living space without the need for a future project.
The home’s value proposition is underscored by its data: it ranks in the top third of the street for lot size and in the top 10-15% of all Winnipeg for both assessed value and its recent 2023 sale price. This suggests it is perceived as a higher-value property in the broader market context, potentially offering stability. It would suit buyers looking for a move-in-ready home with a finished basement in a mature neighbourhood, who prioritize outdoor space and established community character over a brand-new build. It’s also a sensible choice for value-conscious buyers who appreciate a home that already has key renovations done and metrics that indicate strong market standing.
Section 2: Frequently Asked Questions
1. How does the age of this home (built 2006) compare to others nearby?
At 20 years old, this home is newer than about 70% of properties in Winnipeg overall. On its own street and in Amber Trails, however, it is older than many, ranking in the top 30-32% for newness. This means you’re looking at an established property in a neighbourhood that has both older and newer sections.
2. The assessed value is $56.80k, but it sold for $60.10k in 2023. Why the difference?
The sale price typically reflects the current market agreement between a buyer and seller, while the assessed value is for municipal tax purposes and may lag behind market trends. The fact it sold significantly above its assessed value indicates strong buyer demand for this specific property at that time.
3. What does the ranking data for lot size and value actually tell me?
These rankings show how this property compares to others. For example, its lot size is in the top 42% on its street, meaning it's larger than average for the immediate area. Its value rankings are consistently high city-wide, suggesting it’s considered a premium property compared to the Winnipeg average, which can be a positive indicator for long-term value.
4. The nearby reference property at 3 Morava Way is newer, larger, and has a similar assessed value. Should I be concerned?
Not necessarily. Assessed value is just one metric. The sale price, specific location, condition, upgrades (like the renovated basement here), and lot size all create direct value. 3 Morava Way is noted as "worth viewing," suggesting a useful comparison, but differences in layout, finish quality, and property specifics will account for the valuation.
5. Is the renovated basement a major selling point?
Yes, particularly in this market. A professionally renovated basement adds immediate liveable square footage without the hassle, cost, or uncertainty of a future renovation. It provides flexibility for a family room, home office, or guest space from day one, which is a significant advantage over homes with unfinished basements.