Property Overview
This well-maintained cabover home in Amber Trails offers a practical and comfortable living space. Built in 2003, it sits on a larger-than-average lot (over 6,000 sq ft) for the area, providing ample outdoor space. The 1,740 sq ft home features a renovated basement and an attached garage. Recent data shows it sold for $570k in late 2024, with an assessed value significantly lower at $58.6k.
Key Characteristics & Appeal
The primary appeal of this property lies in its established stability and space. The lot size is a standout, ranking in the top third of the street, which is less common in newer subdivisions. The renovated basement adds immediate functional living space without the need for a project. As a home from the early 2000s, major systems are likely still within a reasonable service life, but it's old enough that any original components (like roofing or appliances) should be carefully evaluated.
It would suit buyers looking for a move-in ready home with room to breathe outdoors, perhaps young families or downsizers who value a bit of yard space over a brand-new build. The sale price suggests it's in good condition and appeals to those wanting to settle into a mature, quiet corner of Amber Trails without the premium of a recently constructed home.
Frequently Asked Questions
1. Why is there such a large gap between the recent sale price ($570k) and the assessed value ($58.6k)?
This is a common point of confusion. The assessed value is for taxation purposes only and is not intended to reflect market value. The sale price is the true indicator of its current market worth.
2. How does the lot size compare to newer homes in the area?
At just over 6,000 sq ft, this lot is notably larger. Many newer builds in Winnipeg subdivisions are on lots under 5,000 sq ft, so this property offers more outdoor space than what is typically available in recent construction.
3. What does "cabover" building type mean?
A cabover design features a second story that extends over part of the garage footprint. This is a common and efficient architectural style that often allows for more living area on a given lot size.
4. The home is 23 years old. What should I be mindful of?
While major systems may have been updated, a careful inspection should focus on the age and condition of the roof, windows, HVAC system, and any original flooring or cabinetry. The renovated basement should also be checked for proper permits and waterproofing.
5. How does this property rank for value in the area?
The data shows its assessed value ranks in the top 25% of the neighbourhood and top 8% city-wide, suggesting it's considered a higher-value home for tax purposes. The sale price aligns with this, ranking in the top third of similar neighbourhood sales, indicating buyers paid a premium for its specific combination of lot size, condition, and location.