Property Overview & Key Characteristics
This well-maintained home in Amber Trails offers solid value in a mature, established setting. Built in 2005, it sits on a spacious 6,082 sqft lot, which is larger than most on its street and in Winnipeg overall. The 1,786 sqft living area is complemented by a renovated basement, adding valuable finished space. Key data points indicate its appeal: the lot size ranks in the top third for the city, and its assessed value sits comfortably in the top 10% of Winnipeg, suggesting a strong fundamental value relative to property taxes.
Its primary appeal lies in this balance of space, updates, and established neighbourhood character. It suits practical buyers looking for a move-in ready home with room to grow, without the premium of a brand-new build. It’s particularly fitting for those who value a larger private yard over having the absolute newest home on the block. The renovated basement adds immediate functional space for a family, home office, or recreation.
Frequently Asked Questions
1. How does the 2005 build year compare to nearby homes?
While newer homes exist in Amber Trails, this home’s age is balanced by its larger lot and renovations. It offers established landscaping and a settled neighbourhood feel, often at a different value point than a 2014+ build.
2. The last sale was in 2016 for $420k. How is the assessed value only $56,100?
It’s important to distinguish assessed value from market value. The assessed value is used for calculating municipal property taxes and is typically significantly lower than the actual market sale price. The 2016 sale price is a historical market data point, not a reflection of current value.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the listing agent to understand the quality, permitted status, and current use of the space.
4. The living area is noted as smaller than some comparable homes. Is this a concern?
The living area is slightly below the neighbourhood median. However, this is offset by the above-average lot size and the renovated basement, which effectively increases the usable square footage. It points to a home where outdoor space was prioritized.
5. How does the lot size impact maintenance and utility costs?
A lot in the top 30% for Winnipeg provides excellent private space but also means more yard to maintain. Potential buyers should consider the ongoing time and cost for landscaping, snow clearing, and potentially higher water usage for gardens or lawn care.