Property Overview & Key Characteristics

143 Morava Way is a well-maintained, one-storey home in the established Amber Trails neighbourhood. Built in 2010, its key appeal lies in a combination of space, modern updates, and a strong position within its immediate area. The home sits on a large 6,120 sqft lot, which is notably above average for its street, offering ample outdoor space. A significant feature is the renovated basement, adding valuable finished living area to the 1,800 sqft main floor.

Its appeal is rooted in solid fundamentals rather than flashy extras. The home ranks highly for its lot size, newer age, and assessed value compared to most of Winnipeg, suggesting a property that has kept pace with market growth. It would suit buyers looking for a move-in ready, single-level living option in a family-friendly community, particularly those who value a generous yard and the potential of already-finished basement space. A thoughtful perspective is that while the living area is average for the neighbourhood, the high assessed value relative to nearby homes indicates attributes—like the renovation, lot size, or specific location—that are officially recognized as premium.

Frequently Asked Questions

1. How does the assessed value compare to the likely asking price?
The home is assessed at $640,000, which places it in the top 5% of Winnipeg and top 7% of Amber Trails. This is a strong benchmark, but the final sale price will be determined by current market conditions, the quality of the renovations, and buyer demand.

2. Is the renovated basement a legal suite?
The listing states the basement is renovated but does not specify it as a legal secondary suite. Buyers should verify the permits and compliance of the renovation with the city to understand its legal status and potential for rental income.

3. The home sold for $57.5k in 2016. What does that mean?
This historic price is not a typo but almost certainly reflects a partial interest transfer (like a title change between family members) or a data error, not an arms-length market sale. It is not relevant to the property's current market value.

4. How does the lot size impact future potential?
The lot is in the top 11% for size on its street. This not only provides more private outdoor space but could also offer greater flexibility for future additions, landscaping projects, or installing features like a large shed or pool, subject to local bylaws.

5. Why consider this if the living area is only average for the street?
The data shows a disconnect where the living area ranks lower than the assessed value. This suggests the value is driven by other factors like the premium lot, quality of finishes, the basement renovation, or a desirable location on the street. It points to a property where the investment has gone into quality and land, not just raw square footage on the main floor.