Property Overview: 66 Moldan Bay, Amber Trails, Winnipeg
Key Characteristics & Appeal
This well-situated home in the Amber Trails neighbourhood presents a compelling blend of space, recent updates, and strong value metrics. Built in 2007, the 1,759 sqft residence sits on a generous 5,065 sqft lot, offering more land than most on its street. A key feature is the renovated basement, adding valuable finished living space. The home’s appeal is rooted in its practical updates and standout market performance; it last sold in July 2022 for $620k, a price that ranks in the top 10% of its street and top 6% citywide for comparable sale prices, suggesting buyers have seen premium value here.
It would suit practical-minded buyers looking for a move-in ready home with a modernized lower level in a family-friendly community. The data also indicates it may attract value-conscious purchasers who note that its current assessed value ($56.10k) is significantly below its recent sale price, potentially pointing to solid equity or a desirable lot/premium condition not fully captured in the assessment.
Frequently Asked Questions
1. What does the "renovated basement" typically include?
While specifics should be verified with the listing agent, a renovated basement in this context generally means the lower level has been finished into livable space, such as a family room, additional bedrooms, or a recreational area, with proper flooring, walls, and ceilings.
2. How does the 2022 sale price compare to today's market?
The $620k sale price from mid-2022 ranks exceptionally high against comparable past sales in the area. This indicates the property commanded a premium at that time, likely due to its condition, lot, or market timing. Current value would depend on present market conditions and any further updates.
3. Is the assessed value the same as the market value?
No. The municipal assessed value ($56.10k) is for property tax purposes and is often notably lower than market value, as evidenced by this home's 2022 sale price. Market value is determined by what a buyer is willing to pay in the current market.
4. What are the advantages of a cabover design?
A "cabover" (or cabriolet) style home typically features a garage that is set under part of the main living space. This can allow for a more efficient footprint on the lot, potentially creating a larger upper floor and a distinctive street-front appearance.
5. The lot is larger than most on the street. What are the benefits?
A 5,065 sqft lot in this area provides above-average outdoor space for gardening, play, or entertaining. It may also offer more privacy, better driveway parking, and future potential for additions or landscaping projects compared to neighbouring properties.