Property Overview
This two-storey home at 162 Bitterfield Drive in Amber Trails is a modern, low-maintenance property built in 2017. Its primary appeal lies in its balance of a newer build, a desirable neighbourhood ranking, and a manageable size. The home sits on a good-sized lot and features an attached garage. Key data points show it ranks highly for its newness (top 10% in the neighbourhood) and holds a strong assessed value position (top 36% in Amber Trails). The unrenovated basement presents a blank canvas for future expansion. Recent sale history indicates steady value appreciation.
This property is well-suited for first-time buyers or young families seeking a modern home in a established, high-ranking neighbourhood without the immediate need for major updates. It would also appeal to value-conscious buyers who prioritize a newer build’s efficiency and warranties, and who see potential in personalizing the basement space over time. A less obvious angle is its appeal to data-driven buyers, as the provided rankings offer clear, quantifiable metrics on how this home compares to its immediate peers on the street and in the wider area.
Frequently Asked Questions
1. How does the property’s value compare to recent sales?
The home last sold in May 2023 for $353,500, which is significantly above its current assessed value of $51,800. It's important to note that assessed value is for municipal tax purposes and often differs from market value. The 2021 sale was for $520,000, providing a longer-term view of its price history.
2. What does the neighbourhood ranking actually mean?
The rankings compare this home to others in Amber Trails based on specific metrics. For example, being in the "Top 8% in neighbourhood" for land area means its lot size is larger than 92% of other properties in Amber Trails. This indicates it has a competitive advantage in that category.
3. Is the basement finished?
No, the basement is noted as "not renovated." This means it is likely an undeveloped space, offering future expansion potential but requiring investment to finish.
4. How does the living space compare to nearby homes?
With 1,636 sqft, this home has a moderately sized living area. It ranks in the top 38% in Amber Trails, meaning it's comfortably above average for the neighbourhood but not among the very largest. The provided comparable listings show nearby homes ranging from about 1,300 to over 2,200 sqft.
5. What are the implications of the home being built in 2017?
As a 9-year-old home, it is still considered very modern, likely featuring contemporary building standards, materials, and energy efficiency. It may still have some original manufacturer warranties in effect, and major components like the roof, HVAC, and appliances are unlikely to require immediate replacement, which is a key financial consideration.