Property Overview: 68 Silkwood Crescent, Amber Trails
Section 1: Key Characteristics & Appeal
This well-situated family home in Amber Trails presents a practical opportunity. Built in 2009, it is a one-storey home with an attached garage and a renovated basement, sitting on a generous 6,499 sqft lot that ranks in the top tier for size on its street. The appeal here is grounded in space and location. The large lot offers room for play, gardening, or future expansion, a notable advantage in newer neighbourhoods. While the living area is modest compared to some nearby homes, the renovated basement effectively adds functional space.
Its strongest suit is its established setting within a sought-after area. The property ranks highly for lot size and assessed value within both Winnipeg and Amber Trails, suggesting a solid, stable investment in a mature part of the community. This home would suit first-time buyers or downsizers looking for single-level living without sacrificing yard space, or pragmatic investors seeking a property in a desirable neighbourhood with strong fundamentals. It’s a home that prioritizes land value and location over sheer square footage, offering a chance to own a sizeable property in a well-regarded area.
Section 2: Frequently Asked Questions
1. How does the age and size of this home compare to others in Amber Trails?
At 17 years old, this home is among the older properties on Silkwood Crescent, but it is newer than approximately 60% of Winnipeg. Its living space is smaller than many comparable listings in Amber Trails, which often feature larger two-storey models. The value proposition leans more on its large lot and established neighbourhood.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the quality of the renovation, the materials used, and whether it includes legal secondary suites or simply finished living space.
3. The assessed value is significantly higher than the 2016 sale price. What does this indicate?
The assessed value of $52.4k reflects the municipal valuation for tax purposes, which has risen since the 2016 sale. This increase aligns with broader market trends and specific improvements (like the basement renovation). It is a benchmark, not a market price, but indicates steady property value growth.
4. Is the large lot a potential advantage for future expansion?
Potentially, yes. The lot size is in the top 11% for the street. Subject to local zoning and permitting, this could allow for additions like a larger deck, shed, or even a home extension, which is a valuable option not always available in newer subdivisions.
5. How does this property rank for investment or resale potential?
The rankings suggest strong fundamentals: its lot size and assessed value are in the top tiers for Winnipeg. This indicates a desirable asset. However, its smaller living area and older age compared to immediate neighbours could affect its appeal to buyers seeking modern, move-in-ready large homes, potentially narrowing the buyer pool but offering a competitive entry point into the area.