Property Overview: 20 Verona Drive, Amber Trails
Section 1: Key Characteristics & Appeal
This well-established two-storey home in Amber Trails sits on a generous 6,291 sqft lot, offering more outdoor space than most in the immediate area. Built in 1993, the 1,808 sqft interior is above average in size for both the street and the wider city. A key feature is the renovated basement, adding valuable finished living space. The home's assessed value is notably consistent with many properties across Winnipeg, suggesting it aligns with broader market norms.
Its primary appeal lies in its balance of space and location. The lot size provides room for gardening, play, or expansion, which can be hard to find in newer subdivisions. Being in a mature neighbourhood like Amber Trails means established landscaping, community character, and likely lower property taxes compared to a newly built home of similar size. The 2016 sale price indicates a history of value retention.
This property would suit a practical buyer looking for a family-ready home without the premium of a brand-new build. It’s ideal for those who prioritize interior space and a large yard over a recently constructed home. It also appeals to value-conscious buyers who see potential in a renovated basement and are comfortable with a home that may require periodic updates consistent with its age.
Section 2: Frequently Asked Questions
1. How does the 2016 sale price relate to today's value?
The $400k sale from 2016 is a historical data point. Current value is influenced by many factors since then, including market conditions, updates to the home, and the assessed value of $49.9k (which is for taxation purposes, not market price). It serves best as a reference for long-term value trends rather than a direct price guide.
2. What does the "rank by area" data actually tell me?
These rankings compare this property against others on its street, in Amber Trails, and across all of Winnipeg. For example, the lot size ranks in the top 25% on its street, meaning it's larger than most of its direct neighbors. This is a useful, data-driven way to understand the home's relative standing in terms of land, living space, and age.
3. The home is 33 years old. What should I anticipate?
While the renovated basement is a plus, a home of this age may have original or aging core components. A thorough inspection should focus on the roof, windows, HVAC system, and any original plumbing or electrical, as these are typical update points for homes built in the early 90s.
4. Why is the assessed value so much lower than the historical sale price?
Assessed value in Manitoba is set by the municipal government for property tax calculation only and is not intended to reflect market value. It is often significantly lower than what a home would sell for on the open market. The two figures should not be directly compared.
5. What is the neighbourhood feel of Amber Trails?
Amber Trails is a mature, established neighbourhood. The listing shows nearby comparable homes are primarily from the 1970s-1990s, indicating a stable, settled community. This often translates to larger, treed lots and a quieter atmosphere compared to brand-new, actively developing subdivisions.