Property Overview
This two-storey home on a large lot in Bridgwater Lakes presents a compelling opportunity. Built in 2016, it combines modern construction with established neighbourhood maturity. Its key appeal lies in a rare blend of above-average space, a desirable location within the community, and significant value appreciation, as evidenced by its history. The home suits growing families or professionals seeking a move-in ready property in a newer suburb, with the added benefit of a renovated basement for flexible living space.
A closer look reveals thoughtful strengths. The lot size is notably larger than most on the street, offering premium outdoor space. While newer than almost every home on Sablewood Road, it’s not the absolute newest in the wider area, suggesting a sweet spot where initial development issues are resolved but the home remains contemporary. Its assessed value ranks extremely high city-wide, indicating official recognition of its calibre, yet its last sale price was proportionally even higher, pointing to strong market demand exceeding the tax assessment.
Frequently Asked Questions
How does the lot size compare practically?
At over 6,100 sq ft, the lot is larger than 92% of properties on the street. This translates to more private backyard space and potential for landscaping, gardens, or recreation compared to typical newer suburban lots.
What does the sale history indicate?
The home sold for $670,000 in late 2023, a significant increase from its 2016 sale price of $482,000. This demonstrates strong capital growth, and the 2023 sale establishes a very recent, high market-value benchmark.
Is the basement renovation reflected in the official assessment?
The assessed value is $77,100, which is for taxation purposes and often lags behind market value and renovations. The high market sale price likely captures the value of the renovated basement, which adds functional living space.
How does this home rank within Bridgwater Lakes?
It ranks in the top tiers for lot size, living area, and assessed value within the neighbourhood. It sits comfortably above average, positioning it as a premium property within Bridgwater Lakes itself.
What is the immediate neighbourhood like?
The direct vicinity consists of similar two-storey homes from the same development period, suggesting a consistent streetscape. The high rankings on its specific street indicate it is among the larger and newer homes in this immediate block.