Property Overview & Appeal
This two-storey home at 7 Silkwood Crescent in Amber Trails is a well-positioned property built in 2010. Its key appeal lies in its balance of established comfort and relative modernity within a sought-after neighbourhood. With 2,111 sqft of living space on a generous 5,770 sqft lot and an attached garage, it offers ample room for family life. A significant feature is its renovated basement, adding valuable finished space.
The home’s standout characteristic is its strong ranking in several key metrics, particularly for its street. It is among the newest, largest, and highest-assessed homes on Silkwood Crescent, suggesting it has been a well-maintained and above-average offering in its immediate area. This creates a "move-in ready" appeal without the premium of a brand-new build. It would suit buyers looking for a established home in a mature part of Amber Trails, who value space, a finished basement, and a property that compares favourably to its direct neighbours. It’s a practical choice for families or professionals seeking a home that has likely seen updates and offers solid fundamentals over flashy newness.
Frequently Asked Questions
1. How does this home compare to others in Amber Trails?
The data shows this home is larger than approximately 81% of homes in the neighbourhood and is assessed higher than about 80% of them. It is newer than many, but not the newest, positioning it as an established, upper-tier home in the area without being the most recent construction.
2. The home sold for $450k in 2019. What does the "Sold -6% in same street" rank mean?
This indicates that its 2019 sale price was approximately 6% lower than the typical sale price on Silkwood Crescent at that time. It’s important to note this is a historical snapshot, not a reflection of current value. It may have represented a relative opportunity then, and its current assessed value has since risen to rank very highly (2nd out of 18) on the street.
3. What is the significance of the renovated basement?
Beyond adding liveable square footage, a renovated basement in a 2010 home suggests major systems and finishes have been updated more recently than the original build. This can offer peace of mind regarding the condition of lower-level plumbing, insulation, and electrical, and provides immediate functional space without a pending renovation project.
4. Is the lot size typical for the area?
At 5,770 sqft, the lot is above average for the street (top 61%) and neighbourhood. This provides more private outdoor space than many comparable homes, which is a valued feature in family-oriented communities.
5. The assessed value is $59.60k. Is that the market price?
No. Municipal assessed value for tax purposes is not market value. It is a standardized valuation used to calculate property taxes. Market value is determined by current sale prices of similar homes. The high percentile rank (top 7% in Winnipeg) is more telling, as it shows the city assesses this property as being among the higher-valued homes in the city, which generally correlates with its market position.