Property Overview
This 1,390 sqft cabover-style home, built in 1997, sits on a 5,537 sqft lot in Eaglemere’s Silver Springs Bay area. Its key features include a renovated basement and an attached garage. The home presents a practical, mid-sized family layout that has been maintained and updated over time.
Key Characteristics & Appeal
The primary appeal of this property lies in its position as a solid, established home in a desirable neighbourhood. While its living space and assessed value rank below the immediate street average, they are competitive within the broader Eaglemere area and citywide. This suggests a potential value opportunity for a buyer comfortable with a home that is slightly more modest than its closest neighbours but well-placed in the wider community. The renovated basement adds functional living space, a significant plus.
It would suit first-time buyers or downsizers looking for a manageable footprint in a mature neighbourhood without the premium for a larger, newer home on the same street. The data indicates it’s a home for someone who values location and community over having the biggest house on the block, and who appreciates the move-in readiness afforded by recent updates like the basement renovation.
Frequently Asked Questions
How does this home compare in size to others nearby?
At 1,390 sqft, it is somewhat smaller than the average home on Silver Springs Bay (approx. 1,597 sqft), but is very close to the Eaglemere neighbourhood average and is actually above the citywide average for living space.
Is the assessed value a reliable indicator of the market price?
Not directly. The assessed value is for tax purposes. The home last sold for $520,000 in October 2023, which is a more current market indicator. The assessed value being lower than recent sale prices in the area is not uncommon.
What does “below average” for the street but “around average” for the area mean?
It means Silver Springs Bay is a street of relatively larger, higher-value homes. This property is more modest within that specific group, but its specs align closely with the broader Eaglemere neighbourhood, making it typical for the community as a whole.
The home was built in 1997. What should I consider?
Homes of this age are likely to have seen updates, like the basement renovation mentioned. A buyer should prioritize inspections of major systems (roof, HVAC, windows) which may be nearing or have entered their typical replacement windows, to understand upcoming maintenance.
How does the lot size affect the property?
At just over 5,500 sqft, the lot is very average for both the street and the city. It provides standard outdoor space for a family home—enough for a patio and garden without extensive maintenance demands. It’s a balanced, manageable size.