Property Summary: 172 Verona Drive, Amber Trails
Key Characteristics & Appeal
This two-storey home in Amber Trails is a well-established property that offers a balance of space and recent updates. Built in 1996, it sits on a generous 5,739 sqft lot, providing ample outdoor space that ranks above average for its street. The 1,927 sqft living area is notably spacious, placing it within the top 15% of homes on Verona Drive. A key feature is the renovated basement, adding valuable finished living space. The home includes an attached garage for convenience.
Its appeal lies in its proven stability and room to grow within a mature neighbourhood. The significant price increase between its 2019 and 2024 sales suggests strong market confidence and likely reflects the value of the basement renovation. This isn't the newest home on the block, but it offers more interior space than many of its neighbours. It would suit practical buyers looking for a move-in ready family home with a large yard, who value established communities over brand-new construction. It's also a sensible option for those who appreciate a home with recent major updates (like the basement) already completed, avoiding immediate renovation projects.
Frequently Asked Questions
1. How does the property's value compare to the area?
The home's most recent sale price ranked in the top 10% for Winnipeg, indicating it sold for a premium compared to the broader market. Its assessed value, however, is more middle-of-the-road for the neighbourhood, which may be a point of discussion regarding property taxes.
2. Is the lot size a major advantage?
Yes. The lot is larger than 74% of others on the same street, offering more private outdoor space than many nearby properties—a valuable asset in a suburban neighbourhood.
3. What does the sales history tell us?
The home has sold twice in recent years (2019 and 2024), with a substantial increase in value over that five-year period. This points to a strong local market and/or the added value from the basement renovation.
4. The home is 30 years old. What should I consider?
While the basement is renovated, the core structure and major systems (like roof, windows, plumbing) are at an age where inspection is crucial to anticipate potential maintenance or updates needed in the coming years.
5. How does it rank for living space?
Its living area is a standout feature, larger than 85% of homes on its street and 89% of homes in Winnipeg. This suggests a very efficient or expansive floor plan compared to typical offerings.