Property Overview
This 1988 one-storey home on a nearly 5,000 sqft lot in Amber Trails presents a practical and value-conscious opportunity. Its key appeal lies in a balance of established neighbourhood character and updated essentials. The home features a renovated basement, adding valuable finished space to the 1,012 sqft main floor, and a detached garage. The lot size is above average for the street, offering good outdoor potential.
The property suits first-time buyers seeking a move-in-ready home with some modern touches, or investors looking for a stable rental in a mature area. Its assessed value ranks highly on its street, suggesting it is a well-regarded property in its immediate context. A thoughtful perspective is that while the living area is modest, the renovated basement and larger lot provide room to grow or customize, offering a footprint that newer homes in the area at this price point often don't match. It’s a home that prioritizes land and foundational updates over sheer square footage.
Frequently Asked Questions
1. How does the renovated basement add value?
It immediately increases the usable living space without the buyer needing to undertake a major renovation project, making the home more functional and comfortable from day one.
2. Is the lot size a significant advantage?
Yes. At nearly 5,000 sqft, the lot is larger than many on the street. This provides more private outdoor space, better potential for gardening or expansions, and often contributes to a less crowded feel compared to newer, denser subdivisions.
3. What does the assessed value ranking tell me?
The assessment ranking in the top 9% on its street indicates that, according to municipal valuation, this is one of the higher-valued properties on Leila Avenue. This can be a marker of relative desirability and condition within its specific block.
4. The home is 38 years old. What should I consider?
While the basement renovation is a plus, a home of this age will have core components, like the roof, windows, and major systems, that are likely original or nearing their lifespan. A thorough inspection is crucial to understand future maintenance priorities.
5. How does it compare to nearby newer homes?
Compared to newer builds in Amber Trails (like the 2013/2014 references), this home likely offers a larger lot and more established landscaping for a lower price, but with less modern open-concept layouts and potentially higher upkeep. It represents a trade-off between classic space and contemporary design.