Property Overview

40 Basel Avenue is a spacious two-storey home in the established Amber Trails neighbourhood. Built in 2006, it sits on a large 7,151 sqft lot, which is notably larger than most in the immediate area. With 1,826 sqft of living space, an attached garage, and an unrenovated basement, it presents a classic family home with room to grow. Its appeal lies in its generous land size and solid positioning within a desirable community, offering a balance of established greenery and modern neighbourhood amenities. This property would best suit buyers looking for a ready-to-live-in home with the long-term potential to customize, particularly those who value private outdoor space over a brand-new build.

Key Characteristics & Ideal Buyer

The home’s standout feature is its lot size, ranking in the top 5% on its street. This offers significant privacy and room for gardens, play, or expansion compared to newer, denser subdivisions. While the interior living space is comfortably above average for Winnipeg, the home’s assessed value is modest relative to the neighbourhood, suggesting it may be an opportunity for value-conscious buyers. The unrenovated basement is a blank canvas for future projects.

Its appeal is grounded in offering more land than you typically find in homes of this era and price point in Amber Trails. It suits a practical buyer—perhaps a growing family or a couple planning for one—who wants the stability of a 20-year-old home in a mature area but isn’t afraid of eventual updates. It’s a home for those who see potential in space and location, not just immediate turn-key finishes.

Frequently Asked Questions

1. What does "unrenovated basement" typically mean for a 2006 home?
It usually indicates a finished or partially finished basement with original, builder-grade materials from when the home was built. It’s functional and livable but may feel dated and represents the most obvious opportunity for a future modernization project to add value.

2. How does the large lot size impact maintenance and costs?
While providing excellent space, a larger lot requires more time and expense for lawn care, landscaping, and seasonal maintenance like snow clearing. It’s a trade-off: more privacy and potential, but with higher ongoing upkeep responsibility.

3. The home last sold in 2019. Is that a concern?
Not inherently. A nine-year ownership period suggests stability and a well-kept home. It’s more indicative of a settled neighbourhood than any issue with the property itself.

4. The assessed value seems low compared to some nearby homes. Why?
Municipal assessed value for taxation purposes often lags behind market value and is based on mass appraisal formulas. It doesn't always reflect specific upgrades, condition, or current market demand. The sale price will be determined by what buyers are willing to pay in today's market.

5. Amber Trails is a newer neighbourhood, but this home is 20 years old. What does that mean?
It means you’re in a well-established part of the community. The trees and landscaping will be more mature than on newer streets, and the neighbourhood's patterns are set. You benefit from the planned amenities of Amber Trails without living on a still-developing street.