Property Overview
This home at 37 Bernadette Avenue in Meadowood presents a balanced offering for buyers seeking space and value. Built in 1976, its 1,218 sqft living area is notably above average for the immediate Meadowood area, providing more interior room than many neighbouring homes. The lot size of 6,244 sqft is a significant asset, ranking within the top 18% of the neighbourhood, which offers ample outdoor space and potential not commonly found on newer lots. With an assessed value of $370,000, it sits around the middle range for both the area and the wider city, suggesting a fair market positioning.
The appeal here lies in its proportion: a home with above-average neighbourhood living space on a larger-than-average lot, at a mid-range price point. It suits first-time buyers or downsizers looking for a manageable home without sacrificing yard space, or value-oriented buyers who see potential in the generous lot. A thoughtful perspective is that while its assessed value is the lowest on its specific street, this indicates a lower property tax burden relative to the immediate block, while still offering the benefits of the location. The last known sale was between $300k-$350k in 2019.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value of $370,000 is used for calculating property taxes. The market value (what a buyer might pay) is determined by current market conditions and can be higher or lower.
2. How does the lot size compare to typical lots?
The lot is a key feature. At 6,244 sqft, it is substantially larger than the average lot in Meadowood (5,554 sqft), placing it in the top 18% of the neighbourhood for land area.
3. The home last sold in 2019. What does that price range indicate?
The previous sale in the $300k-$350k range provides a historical benchmark. The current assessed value and market conditions will determine today’s price, but this history shows the property’s appreciation trajectory.
4. The living area is above average for Meadowood but around average city-wide. What does that mean?
It means you get more interior space relative to many homes in the immediate neighbourhood, which often have smaller footprints. Compared to the entire city, it’s a standard size, so you’re not overpaying for square footage.
5. Why is the assessed value the lowest on the street?
This can be due to several factors, including differences in home size, condition, or improvements. For a buyer, this often translates to a relatively lower annual property tax bill compared to neighbours, which is a practical, long-term benefit.