Property Overview

76 Mercedes Drive is a well-maintained, modern cabover home in the established Amber Trails neighbourhood. Built in 2011, it offers 1,854 sqft of living space on a generous 5,604 sqft lot, complemented by an attached garage and a renovated basement. Its appeal lies in its balance of contemporary convenience and established community roots. The home is situated on a quiet street and ranks highly for its lot size and assessed value within its immediate area, suggesting it is a solid, above-average property in its local context. It would particularly suit growing families or professionals seeking a move-in ready home in a mature suburb, without the premium of a brand-new build. A thoughtful perspective is that while newer than many Winnipeg homes, it’s now past its initial warranty period, representing a stage where major components are still modern but due for routine lifecycle maintenance.

Key Details & Suitability

• Key Characteristics: A 15-year-old cabover with a renovated basement, above-average lot size, and a strong assessed value ranking in the top 15% of the neighbourhood.
• Primary Appeal: Offers the space and layout of a modern build in a settled area, with the value-add of a finished basement and a larger-than-typical lot for the street.
• Ideal Buyer: Best suited for buyers who want more space and a modern footprint than an older bungalow provides, but who prefer an established neighbourhood with mature landscaping over a brand-new development. It's a practical choice for those valuing statistical outperformance in lot size and municipal assessment on their street.

Frequently Asked Questions

1. How does the assessed value compare to the likely market price?
The current assessed value is $60,900k, which is significantly lower than its last sold price in 2017 ($44.80k). Assessments are for municipal tax purposes and often lag behind market values. The high percentile ranking (top 15% in the neighbourhood) indicates the city views this as a well-above-average property for the area, which is a positive signal, but market conditions will ultimately determine sale price.

2. The home ranks highly for lot size but mid-range for living area. What does that mean?
This suggests the property has a premium-sized yard compared to neighbours, while the house itself is comfortably sized but not the largest. This is ideal for buyers who prioritize outdoor space, potential for additions, or simply more privacy between homes.

3. What does the "cabover" building type imply?
A cabover design typically features a prominent front-facing garage with living space above it. This often allows for efficient use of the lot and can provide interesting interior layouts, but it’s a distinct architectural style that affects both the streetscape and the home's internal flow compared to a side-by-side or rear-detached garage model.

4. The home sold in 2017. Is there a reason to be concerned?
Not inherently. A seven-year ownership period is stable and suggests the sellers were settled. It aligns with common life-stage changes. The more relevant detail is the renovated basement, which likely occurred during this period and adds to the home's current value.

5. The rankings show it's in the top 60% for year built in Winnipeg. Is that good?
Yes, this means the home is newer than approximately 60% of all properties in Winnipeg, placing it in the modern half of the city's housing stock. In the context of Amber Trails, however, it ranks near the middle, meaning the neighbourhood itself is fairly young and consistent.