Property Overview: 3 Silver Creek Road, Bridgwater Trails
Key Characteristics & Appeal
This 2017-built, one-storey home in the popular Bridgwater Trails neighbourhood presents a specific and appealing profile. Its primary strengths lie in its generous 7,159 sqft lot, which ranks in the top 1% on its street, offering significant outdoor space for a newer property. The home sits on a quiet street, with a detached garage and an unfinished basement providing a blank canvas for future expansion. While the living area is modest at 1,288 sqft, the property’s recent sale price of $50.30k ranks highly against local comparables, suggesting strong perceived value for the lot and location.
The appeal here is for practical, forward-thinking buyers. It perfectly suits a first-time buyer or downsizer seeking a modern, low-maintenance single-level layout in a family-oriented community, with the lot size offering a rare opportunity for gardening, play, or future additions. It’s also an ideal candidate for an investor or handy purchaser, as the unrenovated basement represents clear potential to add value and customize the space to suit specific needs. The property offers a balance of a newer build’s efficiencies with the raw potential often missing from fully finished homes.
Frequently Asked Questions
1. Is the lot size unusual for this area?
Yes. At over 7,150 sqft, this lot is significantly larger than most in Bridgwater Trails, ranking better than 99% of homes on its street. This is a standout feature for a newer neighbourhood where lots are typically more compact.
2. What does the "unfinished basement" mean for me?
The basement is structurally complete but not developed. This is a key opportunity, as it allows you to finish the space to your exact specifications—whether as a rec room, home office, or additional bedrooms—without paying a premium for someone else’s renovations.
3. How does the recent sale price compare?
The January 2025 sale price of $50.30k ranks better than 87% of recent sales on its street, indicating it was a competitively priced transaction that likely attracted strong interest.
4. Who might this property not suit?
Buyers looking for a move-in-ready home with a fully developed lower level or those who prioritize a large interior footprint over outdoor space may find this property requires more immediate investment or feels too compact.
5. The assessed value is lower than the sale price. What does that indicate?
Municipal assessed value ($44.90k) is for tax purposes and often lags behind the current market. The higher sale price reflects what buyers were recently willing to pay based on market conditions, the desirable lot, and the home’s condition.