Property Overview
This 2005-built bi-level home at 1519 Leila Avenue in Amber Trails offers a practical and modern living space. Its key appeal lies in a recently renovated basement, a detached garage, and a well-sized lot that ranks in the top 7% for area on its street. With 1,178 sqft of living space, the home is efficient and manageable.
The property suits first-time buyers or downsizers looking for a modern, low-maintenance home in a established neighbourhood. Its strong rankings—particularly being in the top 1% for lot size within the broader Maples area—also make it a sensible choice for buyers who value outdoor space and future potential over a large interior footprint. A less obvious point of value is the home's age; built in 2005, major components like the roof, windows, and furnace are likely still within a reasonable service life, offering a period of predictable upkeep costs compared to older stock.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes. The home last sold for $490,000 in August 2022, which is a more relevant benchmark for current market value, though conditions have changed since then.
2. Is the renovated basement a legal suite?
The listing states the basement is renovated but does not specify it as a legal secondary suite. Buyers should verify its compliance with local regulations if considering rental income.
3. What are the advantages of a bi-level design?
Bi-levels often provide good separation of living and sleeping areas, with common spaces on one level and bedrooms on another. They can be energy-efficient, but note that entry typically involves a short flight of stairs.
4. The lot ranks very high, but the living area is more average. What does this mean?
This indicates the property has a generous yard relative to the house size. It’s ideal for gardening, pets, or future expansion like a deck or shed, but you’re not paying for excessive interior square footage you may not need.
5. How does this home compare to others on the street?
It ranks highly for lot size and assessed value on Leila Avenue, suggesting it is one of the larger, more valuable properties on the street. However, its living area is more moderate, indicating the value is weighted toward the land and overall condition.