Property Overview & Key Characteristics
This well-maintained cabover home in Amber Trails offers a practical and comfortable living space. Built in 2010, it features 1,575 sqft of living area, an attached garage, and a renovated basement on a 5,665 sqft lot. The home’s appeal lies in its established yet modern foundation within a popular neighbourhood, presenting a move-in-ready option without the premium of a brand-new build.
Its key statistics reveal a nuanced position: while the living area is on the more modest side for the immediate street, the property excels in lot size and is one of the newer homes on Silkwood Crescent. The renovated basement adds immediate functional space. This property would suit first-time buyers or downsizers seeking a low-maintenance home in a family-friendly area, or an investor looking for a stable rental in a consistent neighbourhood. A thoughtful perspective is that it represents a "sweet spot" – older than the newest builds, which often command higher prices, but modern enough to avoid major near-term repairs, offering value through balance.
Frequently Asked Questions
1. How does this home compare to others in Amber Trails?
Based on the data, this home is solidly mid-range for the neighbourhood in terms of size and assessed value. It is newer than many area homes but has a smaller footprint than some larger, more recent comparables. Its renovated basement is a key differentiator.
2. The assessed value seems low compared to the last sale price. Why is that?
Municipal assessed value for tax purposes is not a direct indicator of current market value. It is based on a mass appraisal system and can lag behind rapid market shifts. The 2021 sale price is a more relevant, though historical, benchmark for what a buyer was willing to pay.
3. What does the ranking data for the street and neighbourhood mean?
These rankings compare this specific property against others on Silkwood Crescent and in Amber Trails for metrics like lot size and year built. For example, being in the "top 94%" for year built on its street means it is one of the newest homes there, which can be a positive for infrastructure and systems.
4. Is the smaller living area a concern?
The living area is below average for the immediate street but close to the neighbourhood median. The renovated basement effectively expands the usable space, which mitigates this. It depends on your need for above-grade square footage versus finished total space.
5. Who might this property not suit?
Buyers requiring extensive above-grade square footage or a brand-new, never-lived-in home may find it limiting. It’s also not the largest or most premium offering on the street, so those seeking a standout "top-of-the-line" property in the area might continue their search.