Property Overview & Appeal
This well-maintained cabover home in Amber Trails offers a balanced, move-in-ready package. Its key characteristics include a renovated basement, an attached garage, and a modern 2014 build, all situated on a generous 4,633 sqft lot. The appeal lies in its strong, proven performance within a desirable neighbourhood. Notably, it sold in 2022 for a price that ranks in the top 3% on its street and top 4% citywide, suggesting it has been a solid investment. The home suits practical buyers looking for a modern property without the premium of a brand-new build, as well as those who value a finished basement for extra living space. A thoughtful perspective is that while its living area is comfortably sized, the lot size offers valuable outdoor space and potential that newer infill properties often lack. It’s a home that balances modern convenience with established community roots.
Frequently Asked Questions
1. How does this home compare to others in Amber Trails?
The data shows it holds its own. Its assessed value and recent sale price rank in the top quartile of the neighbourhood, indicating it is considered above average. Its lot size is particularly strong, ranking in the top 8% locally.
2. The 2022 sale price seems high compared to the assessed value. Why is that?
Assessed value for property tax purposes often lags behind market value, especially in a rising market. The 2022 sale price is a direct market transaction, reflecting what a buyer was willing to pay at that time. Its high ranking suggests the property had features or a condition that commanded a premium.
3. What is a "cabover" building type?
A cabover, or "cab-over-garage," design places living space directly above the garage. This efficient footprint often allows for a larger garage or a more compact lot layout while still providing good interior square footage.
4. Is the renovated basement a legal suite?
The provided details state it is a "renovated basement," not a legal suite. Buyers should verify the permits and specific nature of the renovations with the seller to understand its approved use.
5. The home is 12 years old. What major maintenance should be anticipated?
While still relatively modern, a 2014 build is approaching the age where original components may need attention or upgrading. A prudent buyer would prioritize inspections of the roof, HVAC system, and major appliances, which are nearing or are beyond a typical 10-year lifespan.