Property Overview & Key Characteristics
This well-maintained cabover home in Amber Trails offers a practical and comfortable living space. Built in 2002, it sits on a generous 5,610 sqft lot and features 1,742 sqft of living area, an attached garage, and a renovated basement. The home’s appeal lies in its established yet modern feel within a popular neighbourhood. The data suggests it represents solid value, with its assessed value ranking highly compared to most homes on its street and across Winnipeg.
It would suit first-time buyers or young families looking for a move-in-ready home without the premium of a brand-new build. It also appeals to value-conscious buyers who appreciate a home that has been updated (like the basement) but may not require the extensive renovations often needed with older properties. A thoughtful perspective is that while it's not the newest home on the block, its above-average rankings for lot size and assessed value in the area indicate a property with good underlying substance and established desirability.
Frequently Asked Questions
Q: How does this home compare to others in Amber Trails?
A: It holds a strong position. It’s newer than about 84% of homes in the broader neighbourhood and has a larger lot size than 56% of them. Its assessed value is also above the neighbourhood median.
Q: The home was last sold in 2016. What does that indicate?
A: A nine-year ownership period suggests the sellers were settled and likely maintained the property well. It also indicates the area has stability, with residents choosing to stay long-term.
Q: What is a "cabover" design?
A: A cabover design typically features bedrooms located above the main-floor garage. This is a common and space-efficient layout in many modern suburban homes, often allowing for a more compact footprint and a larger backyard.
Q: The assessed value is listed at $54.50k. Is that the market price?
A: No. In Manitoba, the assessed value is for municipal tax purposes only and is typically significantly lower than the market value. The market price is determined by current buyer demand and recent sales of comparable homes.
Q: Are the property rankings meaningful?
A: They provide helpful context. For example, ranking in the top 11% of its street for assessed value suggests it is considered one of the more substantial properties on the block, which can be a positive factor for future value.