Property Overview & Key Characteristics
This 2001-built home in Amber Trails presents a practical, updated living space on a generous lot. Its key appeal lies in its balance of established neighbourhood character, a fully renovated basement adding functional space, and a land size that is above average for the street. The living area is competitively sized within the area, and the assessed value sits in a middle range for similar Winnipeg properties, suggesting a stable valuation.
The home would suit first-time buyers or downsizers looking for a move-in-ready property without the premium of a brand-new build. It’s also a sensible fit for those who value private outdoor space (as indicated by the larger lot) over features like an attached garage. A less obvious angle is its potential for buyers who prioritize a renovated interior over a newer construction year, appreciating that major updates may already be completed.
Frequently Asked Questions
1. How does the lot size compare to others in the area?
At just under 5,500 sqft, the lot is larger than more than half of the properties on the same street, offering more private outdoor space than many in this part of Amber Trails.
2. The home was built in 2001. What should I consider about its age?
Being 25 years old, major components like the roof, windows, and HVAC system may be nearing or due for scheduled replacement. A thorough inspection is advised to budget for any upcoming maintenance, which is typical for homes of this vintage.
3. What does the "renovated basement" typically mean for this area?
In this context, it likely means the basement has been finished into a livable space, adding to the home’s functional square footage. It’s important to verify the quality of the renovation, whether permits were obtained, and if it includes a proper bedroom or secondary living area.
4. There's no garage. How does that impact value and daily life in this neighbourhood?
The lack of a garage is a trade-off. It affects winter convenience and secure storage, which may be reflected in the price compared to similar homes with garages. On-street or driveway parking would be the norm, so assessing typical street parking availability is recommended.
5. How does the assessed value compare to similar nearby homes?
The $540k assessment is moderately above the midpoint for Winnipeg overall. The provided comparisons show similar-valued homes in other neighbourhoods, but nearby listings in Amber Trails and The Maples vary widely in assessed value based on size, condition, and features, making a direct comparison complex.