Property Overview: 24 Ambergate Drive, Amber Trails
Section 1: Key Characteristics & Appeal
This two-storey home in Amber Trails presents a compelling blend of space, established neighbourhood charm, and modern updates. Its key appeal lies in its generous proportions—both the 2,143 sqft living area and the 6,647 sqft lot size rank well above average for the street, neighbourhood, and wider city, offering room to grow and breathe. A significant feature is the renovated basement, which adds valuable finished living space. Built in 1990, the home is newer than most in its immediate area, suggesting potentially fewer major age-related concerns compared to older stock.
The property suits buyers looking for a move-in ready family home in a mature, sought-after area. It’s ideal for those who prioritize indoor and outdoor space over a brand-new build, and who appreciate the stability of an established community. The strong rankings for lot and living area size indicate a property that feels private and spacious, a notable find in a developed neighbourhood. A thoughtful perspective is that its above-average assessed value for the street suggests it is already perceived as a premium property on the block, which can be a stabilizing factor for value.
Section 2: Frequently Asked Questions
1. How does the recent sale price compare to the assessment?
The home sold for $534,000 in August 2024, which is notably lower than its current $557,000 assessed value. It’s important to understand that assessed value is for municipal tax purposes and doesn't always align directly with market value, which is set by buyers and sellers.
2. Is the house relatively modern compared to others nearby?
Yes. Built in 1990, it ranks in the top 12% newest homes on its street and the top 2% in the broader neighbourhood, meaning it is significantly newer than most surrounding properties.
3. What do the "rank" percentages actually mean?
They show how this property compares to others in a specific zone. For example, "Top 82% in neighbourhood" for lot size means its land area is larger than 82% of properties in Amber Trails, indicating a premium-sized lot.
4. Does the renovated basement add significant value?
While a renovated basement adds desirable living space and modern appeal, it's reflected in the overall living area and market price. Its true value is in immediate functionality and finish quality, which likely contributed to the home's strong overall rankings.
5. How does this property fit within its own street?
It’s a standout on Ambergate Drive for its newer age and larger lot. However, its sold price ranked in the middle range (65%) for the street recently, suggesting that while it has premium features, it may be positioned as a value-conscious option among the larger, newer homes on the block.