Property Overview & Key Characteristics
This two-storey home in Amber Trails presents a compelling blend of space, modern updates, and established neighbourhood living. Built in 2005, its key appeal lies in its generous 2,286 sqft living area, which ranks within the top 5% of Winnipeg for size, offering ample room for a growing or multi-generational family. The property sits on a large 5,667 sqft lot and features an attached garage and a renovated basement, adding valuable functional space. While the home is not the newest on the street, its above-average size and recent basement renovation provide a move-in-ready foundation.
Its value proposition is nuanced. The home's assessed value is modest relative to its substantial square footage, which may indicate potential for future valuation growth as updates continue. It would suit buyers prioritizing interior space over a brand-new build, and those who appreciate a mature, settled lot in a well-regarded neighbourhood. The significant jump in its sold price from 2020 to 2023 suggests strong market recognition, making it a solid option for buyers seeking a property with proven appreciation in a stable community.
Frequently Asked Questions
1. How does the year built (2005) compare to nearby homes?
The home is older than many comparables in Amber Trails, which often feature homes built post-2010. However, it is newer than 65% of homes on its specific street, placing it in a comfortable middle range for the immediate area.
2. Is the property considered large for the neighbourhood?
Yes, significantly. With a living area of 2,286 sqft, it is larger than 93% of homes in Amber Trails, making it a notably spacious offering in this community.
3. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to understand the quality of the renovation, the permits pulled, and the nature of the finished space (e.g., recreational room, secondary suite, etc.).
4. How stable has the property's value been?
The sold price history shows a considerable increase from $53.80k in 2020 to $600k in 2023. This sharp rise likely reflects both broader market trends and the value added by the basement renovation, indicating active investment in the property.
5. Are the property taxes likely to be high given the sold price?
Not necessarily. The current assessed value for taxation purposes ($60.10k) is significantly lower than the recent sold price. While assessments may eventually align with market values, taxes are currently based on the lower figure, which could be a short-term advantage.