Property Overview
111 Amberstone Road is a well-maintained two-storey home in the established Amber Trails neighbourhood. Built in 2009, it sits on a spacious 5,234 sqft lot and offers 1,860 sqft of living space. Key features include an attached garage and a renovated basement. The property presents a balanced profile: its lot size and assessed value rank solidly above average for its street and the wider city, while its living area is generous for Winnipeg overall. It last sold in January 2023.
Section 1: Key Characteristics & Appeal
This home’s primary appeal lies in its established setting and practical updates. The renovated basement adds immediate functional space without the need for a major project, while the above-average lot size offers room for gardens, play, or expansion. Its rankings suggest it’s a competitively valued property within a mature, family-friendly community where homes are well-kept.
It would suit buyers looking for a move-in-ready home in a settled neighbourhood, particularly young families or professionals who value both indoor living space and outdoor room. The data indicates it may offer better relative value in terms of land and assessment compared to some newer builds in the area, appealing to the practical-minded buyer.
A less obvious perspective is its potential for steady value. Being in the top half of its street for year built, it avoids the premium for brand-new construction while still being modern. Its consistent rankings across categories suggest it’s a stable, middle-of-the-road property in its area, unlikely to be over-improved or under-improved relative to its surroundings.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value of $56.10k ranks in the top 10% city-wide and above average for both its street and neighbourhood, indicating it is viewed favourably by the assessor relative to many other properties.
2. Is the neighbourhood still growing?
Amber Trails is an established area. The provided comparable homes are all from 2007-2017, showing the community was largely built out over that period, offering a mature streetscape with settled landscaping.
3. What does the “renovated basement” likely include?
The listing specifies a renovated basement but not the extent. Buyers should inquire about the finish quality, permits, and whether it includes a bathroom or legal secondary suite to understand its full value.
4. How does the 2023 sale price relate to the current assessment?
The home sold for $53.70k in January 2023, and is now assessed at $56.10k. This suggests the municipal assessment reflects a rise in value, but the market sale price would be determined by current conditions.
5. Are the property taxes high?
With an assessed value in the top 10% for Winnipeg, the municipal property taxes would be correspondingly higher than for a home with an average or below-average assessment.