Property Overview & Appeal
This two-storey home in Bridgwater Forest presents a compelling blend of space, modern updates, and established community living. Built in 2012, its key characteristics include a generous 2,400 sqft of living area, a renovated basement, an attached garage, and a large 6,459 sqft lot. The home’s appeal lies in its above-average rankings within a desirable neighbourhood; it sits in the top quarter of the area for lot size and the top 15% for living space. The recent renovation of the basement adds immediate functional value. A thoughtful perspective is its consistent value trajectory: while the 2023 sale price showed a correction from the 2016 peak, its assessed value remains strong, suggesting a stable footing in the market. This property would ideally suit growing families or professionals seeking a move-in ready home in a mature, amenity-rich suburb like Bridgwater Forest, who appreciate both interior updates and ample outdoor space.
Frequently Asked Questions
1. How does the 2023 sale price compare to the current assessed value?
The home sold for $674,000 in July 2023, which is notably lower than its current assessed value of $722,000. This is not uncommon, as assessed values for taxation can differ from market sale prices, which are influenced by broader market conditions at the time of sale.
2. What do the "rank" percentages actually mean?
These percentages show how this property compares to others in its immediate area. For example, "Better than 86% in neighbourhood" for living area means this home is larger than 86% of homes in Bridgwater Forest, placing it in the top 14% for size.
3. Has the property's value increased since it was built?
Yes. The home sold for $590,000 in 2016 and $674,000 in 2023. This represents an overall increase, though it indicates a market correction from potentially higher values between those years.
4. Is the lot size typical for the street and area?
At 6,459 sqft, the lot is larger than average for both Park Valley Road (top 33%) and the wider Bridgwater Forest neighbourhood (top 25%), offering more outdoor space than many comparable properties.
5. The home is 14 years old. What might require attention?
While the renovated basement is a significant update, a home of this age may be approaching the time for routine maintenance or updates to original components, such as the roof, HVAC system, or exterior finishes, which a buyer's inspection should verify.