Property Overview: 47 Ambergate Drive, Amber Trails
Key Characteristics & Appeal
This two-storey home in Amber Trails is a well-established property built in 1992, sitting on a generous 6,197 sqft lot. Its key features include a renovated basement and an attached garage. The data suggests a home that balances space and value, with a living area of 1,826 sqft that is comfortably above average for Winnipeg. Its appeal lies in its position within a mature neighbourhood, offering a substantial lot size that ranks well on its street. The home’s assessed value is notably lower than its last sold price in 2022, which may present a perceived value opportunity for certain buyers. This property would suit buyers looking for a solid family home in a settled area, who appreciate having renovation work (the basement) already completed and who value outdoor space. It’s a practical choice for those prioritizing lot size and neighbourhood stability over a brand-new build.
Frequently Asked Questions
1. What does the "rank" data actually tell me about this property?
The rankings compare this home to others on its street, in Amber Trails, and across Winnipeg. For example, its lot size ranks in the top 32% on its street, meaning it's larger than most nearby properties. Its newer build year (top 88% on the street) indicates it's one of the more recent homes in that immediate area.
2. Why is the assessed value so much lower than the 2022 sale price?
Municipal assessed values for tax purposes often lag behind market sale prices and are calculated using a specific formula. The significant difference here highlights that the market two years ago valued the home highly, which is an important data point for your own valuation and mortgage considerations.
3. The last sale shows as "Top 103%" on the street. What does that mean?
This indicates the 2022 sale price was higher than all 34 comparable sales on the street at that time. It was an outlier, suggesting the property may have sold under particularly competitive conditions or with unique features not fully captured in the basic data.
4. Is the renovated basement a major selling point?
Yes, as it represents modernized, finished living space that is move-in ready. It adds functional square footage without the immediate need for investment, which is a key advantage over homes with unfinished basements in this price range.
5. Who might this home not suit?
Buyers seeking a modern, open-concept layout or who prefer a newly built home may find the 1992 architecture requires updates. Additionally, the data suggests the interior living space, while ample, is not exceptionally large for the neighbourhood, so those prioritizing maximum interior square footage above lot size might continue looking.