Property Overview & Key Characteristics
This two-storey home in Amber Trails offers a compelling blend of space, established comfort, and a strong position within its market. Built in 2002, it sits on a large, 8,561 sqft lot, providing ample outdoor space that is increasingly rare in newer subdivisions. With 2,195 sqft of living area, the home is notably spacious for its neighbourhood, ranking in the top 12% locally. A key feature is its renovated basement, adding valuable finished space. The home’s recent sale price of $600k significantly exceeds its assessed value, indicating strong buyer demand and perceived worth beyond the municipal valuation.
Its appeal lies in being a settled, mature property in a desirable area—the landscaping and neighbourhood character have had over two decades to develop, offering a sense of permanence newer builds often lack. It suits buyers looking for a ready-to-move-in family home with generous indoor and outdoor space, without the wait and premium of new construction. It’s particularly well-suited for those who value a large yard and seek a home that already feels established, yet has been updated with a renovated lower level.
Frequently Asked Questions
How does the sale price compare to similar homes?
The $600k sale price places this home in the top 7% of Winnipeg and top 18% of Amber Trails for recent sales, suggesting it is a premium property within its category, likely due to its above-average size and renovations.
Is the large lot a common feature in Amber Trails?
At over 8,500 sqft, this lot is significantly larger than many in the area. It ranks in the top 10% of the neighbourhood, offering more private outdoor space than most comparable properties.
What does the significant gap between the sale price and assessed value mean?
The assessed value is for municipal tax purposes and often lags behind market trends. A sale price ($600k) far above the assessed value ($58.2k) strongly reflects current market demand for this specific home’s location, size, and condition.
How does the age of the home (2002) compare to the neighbourhood?
Built in 2002, this home is older than many in Amber Trails, which has many properties built post-2010. This can be an advantage, offering a larger, more established lot and mature surroundings, though it may mean some original components are approaching their update cycle.
Are the property rankings a reliable indicator of value?
The consistent high rankings (e.g., living area in top 12% neighbourhood, lot size in top 10%) objectively confirm this home’s standout physical attributes within its immediate area, which directly contributes to its market value and appeal.