Property Overview & Key Characteristics
This well-situated home in Amber Trails is a 2011-built, one-storey property offering a practical and low-maintenance living format. Its key appeal lies in a combination of a newer build, a generous lot size, and strong value positioning within its immediate area. With 1,356 sqft of living space, it ranks in the top 15% for size on its street. The nearly 5,000 sqft lot is notably larger than many in the neighbourhood, offering ample outdoor space. The home features an attached garage and an unrenovated basement, presenting a blank canvas for future expansion.
The property’s standout characteristic is its exceptional ranking for assessed value on Mosselle Drive (top 3%), suggesting it is a high-value proposition compared to its direct neighbours. This, combined with its above-average lot and newer construction, makes it a compelling option for pragmatic buyers. It would suit first-time homeowners seeking a move-in-ready property in a modern neighbourhood, or investors looking for a stable asset with proven appreciation since its last sale in 2020. A less obvious angle is its appeal to downsizers or those seeking single-level living who still desire a substantial yard for gardening or pets, without the upkeep of an older home.
Frequently Asked Questions
1. What does the "top 3% for assessed value on the street" ranking mean?
This indicates the property’s municipal assessed value is higher than 97% of the other 154 properties on Mosselle Drive. It suggests the home is considered a higher-value asset on its street, which can be positive for equity, though property taxes will be based on this assessment.
2. Is the unrenovated basement a drawback?
Not necessarily. While it requires finishing, it represents a clear opportunity to add value and customize the space to suit your needs, without paying a premium for someone else’s renovations. It’s a factor for future investment rather than a current feature.
3. How does the 2020 sale price compare to today's assessed value?
The home sold for $40,500 in September 2020 and now has an assessed value of $46,900. This represents a significant increase, highlighting strong appreciation over a short period. The current list price will reflect current market conditions beyond this assessed value.
4. The home is newer, but how does it compare to other houses in Amber Trails?
Built in 2011, it is newer than the neighbourhood average. The provided comparisons show similar homes in Amber Trails built between 2013-2014, indicating this property is from the earlier phase of this community’s development, which often means a more established streetscape.
5. What is the significance of the large lot size?
At 4,925 sqft, the lot is a key feature. In newer suburbs, lot sizes can vary. This larger parcel provides more private outdoor space, better potential for additions like a deck or shed, and typically feels less crowded than homes on smaller lots, offering a sense of space that is increasingly rare in new developments.