Property Overview
This two-storey home in Bridgwater Forest is a well-proportioned family residence built in 2011. Its primary appeal lies in offering above-average space and established value in a sought-after neighbourhood. With a generous 2,435 sqft of living area and a large 7,547 sqft lot, it provides ample room both inside and out. The home’s recent sale price of $710k significantly exceeds its assessed value, indicating strong market confidence and potential for sustained value. It suits buyers looking for a move-in ready, spacious home in a mature, family-oriented community without the premium of a brand-new build. A less obvious perspective is that its lot size ranks better than its building age, suggesting a premium on outdoor space that newer infill lots often lack. It’s ideal for a growing family that prioritizes yard space and established neighbourhood charm over a brand-new construction project.
Key Details & FAQs
- Key Characteristics: A 15-year-old, two-storey home with an attached garage and an unfinished basement on a large lot. It ranks highly for living area, lot size, and overall value within both the neighbourhood and the wider city.
- Primary Appeal: Spacious interior and exterior living areas, an established location in Bridgwater Forest, and demonstrated value growth evidenced by its recent sale price.
- Ideal Buyer: Growing families or professionals seeking a spacious, low-maintenance home in a popular community with excellent amenities and schools.
Frequently Asked Questions
1. What does the significant difference between the assessed value and recent sale price indicate?
This typically reflects strong current market demand for properties in this area and with these specific features (like lot size and living space), which the municipal assessment, often based on older data, hasn't fully captured.
2. The home is 15 years old. What major components might need attention soon?
While the structure is sound, a buyer should proactively inspect the age and condition of major mechanical systems (like the furnace and water heater), the roof, and exterior finishes, as these are entering a period where updates or repairs become more common.
3. How does the unfinished basement affect the home's value and potential?
It presents both a cost-saving and an opportunity. You avoid paying a premium for a finished space you might want to change, and it allows for customization to suit your needs, whether for storage, a home gym, or a future recreational room.
4. The lot is large, but what is the neighbourhood feel like on this street?
With the home ranking "better than 78%" for lot size on its own street, it sits among larger properties, suggesting a less dense, more spacious streetscape compared to other parts of the community.
5. Are there any insights from the list of nearby and similarly assessed properties?
The nearby properties are all within the same Bridgwater Forest area, confirming a consistent neighbourhood character. The similar assessed values come from various other suburbs, highlighting that this home offers comparable municipal tax assessment value but within the particularly desirable Bridgwater Forest location.