Property Overview: 160 Morava Way, Amber Trails
Section 1: Key Characteristics & Appeal
This well-maintained home in Amber Trails is a 2010-built cabover with an attached garage and a renovated basement. Its primary appeal lies in its established yet modern foundation within a sought-after neighbourhood. The property sits on a nearly 5,000 sqft lot, which is larger than most on its street, offering good outdoor space.
The home suits buyers looking for a move-in ready property in a mature community where the landscaping and infrastructure are settled. It’s particularly appealing to those who value a renovated basement for extra living space without the immediate need for major projects. The data suggests a thoughtful perspective: while the living area is fairly standard for the area, the home’s assessed value ranks highly within both the neighbourhood and wider Winnipeg. This indicates that official valuations recognize a quality or desirability factor here that may not be immediately obvious from square footage alone. It’s a solid choice for professionals or growing families seeking a balance between a newer build (avoiding the issues of much older homes) and an established, tree-lined street.
Section 2: Frequently Asked Questions
1. How does the 2021 sale price compare to the current assessed value?
The home sold for $580,000 in October 2021. Its current assessed value is $620,000, which is a typical increase reflective of market trends over that period.
2. Is the lot size a significant feature?
Yes. At 4,996 sqft, the lot is larger than 83% of others on Morava Way. This provides more private outdoor space than many neighbouring properties, which is a valued asset in family-oriented communities.
3. How does this home compare to others in Amber Trails?
The home is newer than most in the immediate area (top 3% on its street) and has an assessed value in the top 11% for the entire Amber Trails neighbourhood. This positions it as a above-average offering in terms of official valuation within this community.
4. What does the "renovated basement" likely include?
While specific finishes aren’t listed, a "renovated basement" in a home of this age and calibre typically means it is finished as a livable space, potentially including a recreation room, additional bedrooms, or a home office, adding significant functional space to the 1,834 sqft main living area.
5. Are comparable homes in the area similarly priced?
The provided comparable listings show nearby homes with similar assessed values, though some have more living space or are newer. This suggests 160 Morava Way’s value is supported by a combination of its lot size, renovations, and specific location within Amber Trails.