Property Overview: 1419 Leila Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Amber Trails presents a practical and value-conscious opportunity. Its key characteristic is a renovated basement, adding immediate liveable space to the 1,172 sqft main floor. Built in 1999, the house is newer than many in its wider area, potentially suggesting fewer major age-related concerns in the near term.
The appeal lies in its strong positional metrics within a desirable neighbourhood. It ranks in the top 12% for lot size in Amber Trails and the top 11% for its newer build year within The Maples area, indicating it stands out favourably against local comparables. The recent sale history shows consistent value growth, with a notable increase between 2021 and 2024. This isn't just a starter home; it's a solid foothold in an established community that has outperformed many city-wide averages for assessed value.
This property would suit first-time buyers or downsizers seeking a manageable single-level layout with updated fundamentals. It’s also a sensible fit for value-focused investors or families prioritizing lot size and neighbourhood stability over a large interior footprint, as the generous 4,755 sqft lot offers room for outdoor living or future expansion.
Section 2: Frequently Asked Questions
1. How does the "renovated basement" affect the total liveable space?
The listing specifies a renovated basement but does not provide its square footage. This is a key clarification point, as it adds functional space but may not be reflected in the official 1,172 sqft living area figure.
2. The home has no garage. What are the parking options?
The property has no garage. Buyers should investigate the driveway capacity and on-street parking regulations to ensure it meets their needs.
3. The assessed value is significantly lower than the last sale price. Why?
The 2024 sale price of $443.8k is higher than the $40.40k assessed value because property assessments in Manitoba are not market valuations. They are used for tax purposes and typically represent a fraction of a home's market value. The consistent upward trend in sale price is a more relevant market indicator.
4. How does the lack of a pool impact the property's value in this area?
Given the climate, pools are rare in Winnipeg homes at this price point. Its absence is standard and not a competitive disadvantage; it likely translates to lower maintenance costs and insurance premiums.
5. The home ranks highly for lot size but mid-range for living area. What does this mean?
This suggests the property offers a premium in outdoor space relative to its neighbours—a valuable asset for privacy, gardening, or children's play. It indicates potential for future additions like a deck, shed, or even an extension, subject to bylaws.