Property Overview & Key Characteristics
This two-storey home at 58 Gemstone Cove in Amber Trails is a well-sized, modern property built in 2011. Its primary appeal lies in offering above-average space and a newer build within a popular neighbourhood. With 2,147 sqft of living area on a 6,131 sqft lot, it ranks in the top tiers for size both on its street and across Winnipeg. The home features an attached garage and a full, unrenovated basement, presenting a blank canvas for future expansion.
The property suits buyers looking for a move-in ready family home in a established, newer subdivision without the premium of a brand-new build. Its strong rankings for living area and lot size suggest it offers more room than many comparable homes, which is a key draw. A thoughtful perspective is its recent sale in late 2024 for $58.8k above its assessed value, indicating strong market confidence in its worth. While the basement and some finishes may be due for updates, this allows the next owner to customize without paying for someone else’s renovations. It’s an ideal fit for a growing family or a buyer who values space and a modern structure over a recently updated interior.
Frequently Asked Questions
1. Is the price fair based on recent sales?
The home sold for $58,800 in November 2024, which was close to its assessed value at the time. This recent sale provides a clear, current benchmark for its market value.
2. How does this home compare to others in Amber Trails?
It ranks in the top 15% of the neighbourhood for living area, meaning it’s notably larger than most homes in Amber Trails. Its lot size also ranks in the top 26%, offering more outdoor space than many comparable properties.
3. What does “basement, not renovated” imply?
It means the lower level is unfinished or in its original state from 2011. This is not a drawback, but an opportunity. It provides significant potential for future living space, storage, or customization to suit your needs, without the cost of undoing a previous owner’s work.
4. The home is 15 years old. What should I consider?
A 2011 build means major components like the roof, windows, and HVAC system are likely original and may be approaching mid-life. A thorough inspection is advised to understand their condition and plan for future maintenance, which is typical for homes of this age.
5. How does the assessed value relate to the property taxes?
The assessed value of $55,900 is used by the city to calculate your annual property taxes. It’s important to note that this figure is often lower than market value, as seen by the recent sale price. You can expect property taxes to be based on this assessment, not the sale price.