Property Overview & Key Characteristics
This well-situated home at 41 Gemstone Cove in Amber Trails presents a compelling blend of space, modernity, and established value. Built in 2012, it offers nearly 2,000 sqft of living space on a generous 5,562 sqft lot, with key features including an attached garage and a renovated basement. Its appeal lies in its strong positional metrics: it ranks highly for its newer age and above-average lot size within its immediate street and the wider Winnipeg area. The recent sale price of $66.50k significantly surpasses its assessed value, indicating strong market demand and perceived worth.
The property suits buyers looking for a move-in ready home in a established, family-friendly neighbourhood without the premium of a brand-new build. It’s particularly well-matched for those who value extra outdoor space and the potential of a finished basement for growing families or hosting. A thoughtful perspective is its appeal to value-conscious buyers who appreciate a home that has already demonstrated considerable equity growth, as evidenced by the sale history, suggesting a sound investment in a stable community.
Frequently Asked Questions
1. How does the recent sale price compare to similar homes?
The home sold for $66.50k, which places it in the top 5% of recent sales in the Amber Trails neighbourhood for value, indicating it commanded a strong price relative to its peers.
2. Is the house older or newer than most in the area?
Built in 2012, it is newer than approximately 89% of homes in Winnipeg and ranks in the top 13% for age on its specific street, making it a relatively modern property in a broader context.
3. What does the lot size mean for potential buyers?
At 5,562 sqft, the lot is larger than 71% of others on Gemstone Cove. This offers more private outdoor space than typical for the street, which is a notable advantage for gardening, play, or entertainment.
4. How does the assessed value relate to the sale price?
The assessed value is $59.80k, while the sale price was $66.50k. This difference is common and reflects the current market value determined by buyer competition, which in this case was significantly higher than the municipal assessment.
5. Are the property taxes likely to be high?
While property taxes are based on the assessed value, the sale price suggests the home is in high demand. Buyers should be aware that municipal assessments can be adjusted following a sale, so future tax bills may be recalibrated closer to the market value.