Property Overview & Key Characteristics
This well-maintained, one-storey home at 1431 Leila Avenue in Amber Trails offers a practical and move-in-ready proposition. Built in 2000, its key features include a renovated basement and an attached garage, situated on a lot that is larger than most in the immediate area. The home’s appeal lies in its solid, updated fundamentals and strong positional value within a mature neighbourhood. Recent data shows it sold significantly above its assessed value in August 2024, suggesting a competitive market recognized its worth.
The property would suit first-time buyers looking for a manageable, single-level layout with recent updates, or downsizers seeking a low-maintenance home without sacrificing space. A less obvious perspective is its potential for investors or families looking for a "value-hold" property; it sits on a sizable lot for the area in a neighbourhood that ranks highly for lot size and newer construction, which could provide long-term stability.
Frequently Asked Questions
1. How does the recent sale price compare to the neighbourhood?
The August 2024 sale price of $455,000 ranks in the top 1% of recent sales on Leila Avenue and the top 25% citywide, indicating this particular home commanded a premium, likely due to its condition and updates.
2. Is the living space typical for the area?
At 1,157 sqft, the living area is above average for both the Amber Trails neighbourhood and the street itself, offering more interior space than many nearby homes.
3. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but the specific scope (e.g., finishes, legal suite potential, moisture management) should be verified with the seller's disclosure and a professional inspection.
4. How does the property's age affect its value?
Built in 2000, the home is newer than approximately 80% of properties in Winnipeg. This modern construction era often means fewer major system replacements are immediately due compared to much older homes in the broader market.
5. What is the context of the provided "rankings"?
The rankings compare this property against specific groups: its street, the Amber Trails neighbourhood, and all of Winnipeg. For example, its lot size is in the top 12% of the neighbourhood, a significant advantage, while its assessed value sits in a more moderate range citywide.