Property Overview

This two-storey home at 7 Ambergate Drive in Amber Trails offers a blend of established neighbourhood character and modern updates. Built in 1991, it sits on a generous 6,199 sqft lot, providing ample outdoor space that ranks well above average for both the street and the wider city. The 2,047 sqft living area is spacious, placing it in the top tier for size across Winnipeg. A key feature is the renovated basement, adding valuable finished living space. The home sold recently in June 2024 for $540k, which was significantly above its assessed value, indicating strong market appeal and potential upgrades not fully reflected in the official valuation.

Key Characteristics & Appeal

The primary appeal of this property lies in its balance of space, location, and move-in readiness. The above-average lot and living area offer room to grow, while the renovated basement suggests the heavy lifting of modernization is already done. It’s situated in a mature, established part of Amber Trails, as evidenced by the age of nearby homes. The recent sale price, well above assessment, signals that buyers have recognized this value, potentially viewing it as a premium home within its immediate circle.

This home would suit a few specific buyer types perfectly. First, it’s ideal for growing families seeking spacious interiors and a large yard in a settled neighbourhood without needing a brand-new build. Second, it appeals to buyers looking for a home that has already undergone a major renovation (the basement), offering immediate livability without a large pending project. It may also attract value-conscious buyers who appreciate that, while the sale price commanded a premium, the property taxes are still based on a lower assessed value.

Frequently Asked Questions

Q: The house sold for $540k, but is assessed at only ~$54k. Why is there such a big difference?
A: In Manitoba, the assessed value is not a market valuation but a number used primarily for calculating property taxes. It is often significantly lower than actual market sale prices. The large gap here suggests the home may have seen substantial improvements.

Q: How does the lot size compare to others nearby?
A: Very well. At 6,199 sqft, the lot is larger than 62% of others on the same street and ranks in the top 24% for the entire Amber Trails neighbourhood, offering more private outdoor space than most.

Q: The home was built in 1991. Should I be concerned about major repairs?
A: While the major systems (roof, windows, furnace) are likely within or approaching their typical lifespan, the presence of a renovated basement is a positive sign of recent investment. A thorough inspection would be key to prioritize any upcoming maintenance.

Q: What does the "Top 91% in Winnipeg" ranking for living area mean?
A: This means the home's interior square footage is larger than 91% of all residential properties in Winnipeg, making it a genuinely spacious home by city-wide standards.

Q: The recent sale was in June 2024. What does that mean for me as a buyer now?
A: A very recent sale provides an excellent, clear benchmark for the home's current market value. It indicates strong demand for this specific property and sets a firm price precedent for the area.