Property Overview & Key Characteristics
This well-established Amber Trails bungalow sits on a generous 7,089 sqft lot, offering more private outdoor space than most in the area. The home itself is a practical one-storey layout with 1,419 sqft of living space and a renovated basement, providing flexible room for a growing family, hobbies, or guests. Its attached garage adds everyday convenience.
The appeal here is grounded in space and value within a mature neighbourhood. While the home was built in 1991, its lot size ranks in the top 15% locally, which is a significant and lasting asset. It suits buyers looking for a solid, single-level home with a large yard, without the premium of a brand-new build. It’s particularly fitting for first-time buyers seeking room to grow, downsizers who want main-floor living but still desire ample lot size, or value-focused investors attracted by the renovated basement’s income potential.
Frequently Asked Questions
1. How does the age of the home affect its condition and potential costs?
Built in 1991, major components like the roof, windows, and furnace are likely within or beyond their typical lifespans. A thorough inspection is key to budgeting for any upcoming updates, though the renovated basement suggests some modernization has been done.
2. What is the significance of the lot size ranking?
The lot is larger than 85% of properties in Amber Trails. This means more privacy, gardening space, and room for additions like a deck or shed compared to neighbouring homes, which is a premium in established suburbs.
3. The assessed value is higher than the 2022 sale price. What does this indicate?
The current assessed value of $50.10k is above the last sale price of $43.10k. This typically reflects market appreciation and improvements (like the basement renovation), but the final sale price is always determined by the current market.
4. Who would this home not be ideal for?
It may not suit those seeking a modern, open-concept layout without renovation work, or buyers who prioritize a newer home with recently updated major systems over lot size.
5. How does this property compare to others in the area for value?
The home offers more living area and a significantly larger lot than many similarly priced bungalows in nearby neighbourhoods like The Maples, as shown in the comparisons. You are primarily paying for more interior and exterior space here.