Property Overview: 140 Bitterfield Drive, Amber Trails
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2017, presents a well-maintained, modern property in the popular Amber Trails neighbourhood. Its key appeal lies in a combination of above-average size, contemporary build, and a strong value trajectory. With 2,142 sqft of living space on a nearly 4,900 sqft lot and an attached garage, it offers solid space for family living.
The home’s standout characteristic is its compelling financial history. Recent sales data shows significant and steady appreciation, with the last sale in May 2024 at $666,700—a notable increase from its 2020 sale price. This trend, coupled with its current assessed value ranking in the top 15% of the neighbourhood and top 7% city-wide, suggests a property that has consistently outperformed many local comparables. Its "newer build" status is confirmed by ranking in the top 1% for year built on its own street.
This property would ideally suit pragmatic buyers looking for a move-in ready, modern home without the premium of a brand-new build. It’s a strong match for growing families seeking space in a established newer subdivision, or for value-conscious investors who appreciate the clear, data-backed equity growth it has demonstrated. The unrenovated basement presents a clean canvas for future expansion, adding potential for the right buyer.
Section 2: Frequently Asked Questions
1. How does this property compare to others in Amber Trails?
Based on the data, this home ranks highly within Amber Trails. It is newer than 90% of homes in the neighbourhood, larger than 84% of them, and has a higher assessed value than 84%. The consistent appreciation in its sale price also sets it apart from many comparables.
2. What does the sale history indicate?
The sale history shows remarkable growth. It sold for $420,000 in 2020 and then for $666,700 in 2024. This pattern indicates strong market demand for this specific property and suggests it has been a high-performer in terms of equity building for its previous owners.
3. Is the basement finished?
No, the basement is noted as "not renovated." This means it is likely an undeveloped space, offering future potential for customization and added living area, but it would require an investment to finish.
4. What are the less obvious points to consider?
Two thoughtful perspectives: First, its top-tier rankings for year built and value on its street suggest it is one of the newest and most valuable homes on Bitterfield Drive, which can be a stabilizing factor. Second, while the rapid appreciation is positive, buyers should consider their own long-term hold plans, as markets that have risen sharply can sometimes enter a period of stabilization.
5. Who might this property not suit?
It may not be ideal for buyers seeking a fully turnkey property with a finished basement ready for immediate use, or for those with a budget that cannot accommodate a price point reflecting its recent high-value sale. It also may not suit buyers looking for a character-filled older home, as it is a modern build in a contemporary subdivision.