Property Overview
This 2018-built, one-storey home in Bridgwater Trails presents a compelling blend of modern living, generous space, and strong investment metrics. Its appeal is rooted in both its tangible features and its standout position within the broader market.
Key Characteristics & Ideal Buyer
The home sits on a large, approximately 13,000 sqft lot, placing it in the top 3% for land size locally. With 2,220 sqft of living space, it offers ample room and ranks within the top 20% of the neighbourhood. A key feature is the renovated basement, adding valuable finished space. The home’s assessed value of $128.1k is notably high, ranking in the top 3% of the neighbourhood and top 1% city-wide, suggesting a premium build quality, significant improvements, or a particularly desirable location within the community.
Its primary appeal lies in this combination of a modern, low-maintenance bungalow layout, a substantial and private lot, and clear market validation through its assessment history. It would suit buyers looking for a move-in-ready, single-level home in a newer suburb, particularly those who value space and privacy. The strong assessed value and past sale price, both ranking exceptionally high, will also attract value-conscious buyers or investors looking for properties with a demonstrated premium standing in their area. A less obvious perspective is that while the home is newer (2018), its year-built rank is middle-of-the-pack on its own street, indicating a mature, established phase of development rather than a brand-new construction site, which some may prefer.
Frequently Asked Questions
Q: What does the exceptionally high assessed value indicate?
A: An assessed value in the top 1% city-wide typically reflects more than just size and age. It often points to above-standard finishes, significant upgrades (like the renovated basement), and/or a lot with premium attributes. It suggests the property is considered a high-calibre home within the municipal valuation system.
Q: How does the lot size compare to nearby homes?
A: The lot is a key feature, larger than 97% of those on the same street and in the neighbourhood. This means it likely offers more backyard space, privacy, and potential than most direct comparables in Bridgwater Trails.
Q: The home sold in 2020. What can that price tell me?
A: The 2020 sale price of $119k was also a premium price at that time, ranking in the top 4% of the neighbourhood. This consistency—a high sale price then followed by a high assessed value now—reinforces the property’s sustained market position.
Q: Is the living space typical for the area?
A: At 2,220 sqft, the living area is larger than 80% of homes in Bridgwater Trails, making it a spacious offering for the community. It balances the single-storey layout with ample square footage.
Q: The "For Reference" and "Worth Viewing" comparisons show lower assessed values. Why?
A: Those nearby properties, while useful for area context, have different specifications (e.g., smaller living area, different lot sizes). The significant difference in assessed value underscores that this specific home at 348 Willow Creek Road is positioned at a different tier within the same neighbourhood, likely due to its size, lot, and level of finish.