Property Overview: 80 Morava Way, Amber Trails
Key Characteristics & Appeal
This two-storey home in Amber Trails presents a practical and well-maintained offering. Built in 2008, it sits on a generous 5,193 sqft lot and features 1,739 sqft of living space, an attached garage, and a renovated basement. Its appeal lies in its established yet relatively modern construction within a mature neighbourhood, offering move-in-ready space without the wait and uncertainties of a new development.
The home’s standout feature is its renovated basement, which adds valuable finished space for recreation, a home office, or guests. While it lacks a pool, the property ranks consistently above average for its lot size on its street, providing good outdoor space for a family or gardening. The data suggests it is a solid, middle-of-the-road property in the Winnipeg context—not the newest or largest, but positioned comfortably above average in several key metrics like lot size and assessed value for its immediate area.
This property would suit first-time buyers or young families looking for a turnkey home in a stable suburban neighbourhood. It also appeals to value-conscious buyers who prioritize usable interior space (like a finished basement) and a larger lot over having the absolute newest home on the block. The strong assessed value relative to its last sale price indicates it has been a sound investment, potentially attracting those with an eye for long-term stability.
Frequently Asked Questions
1. How does the property’s value compare to its neighbours?
The home’s assessed value of $54,600k ranks in the top 19% on its own street and the top 51% in the broader Amber Trails neighbourhood, suggesting it is valued higher than many comparable nearby homes.
2. Is the house newer or older than others in the area?
Built in 2008, it is newer than approximately 62% of homes on its street, making it a relatively modern property in an established setting.
3. What does the “renovated basement” entail?
The listing confirms the basement is renovated, but specific details on the finish quality, permits, or the nature of the renovation (e.g., legal suite, rec room) should be verified with the seller or a viewing.
4. How does the lot size compare?
At 5,193 sqft, the land area is a key strength, ranking in the top 37% on Morava Way, meaning it is larger than most direct neighbours’ lots.
5. Why was the last sale price in 2021 significantly lower than the current assessed value?
The property sold for $51,500k in June 2021. The increase to the current $54,600k assessment likely reflects market appreciation and the value added by the basement renovation over the past few years.