107 Verona Drive

Property Overview: 107 Verona Drive, Amber Trails

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Amber Trails offers a practical and comfortable living package. Its key characteristics include a renovated basement, an attached garage, and a generous 6,141 sqft lot that ranks above average for the street. Built in 1994, the house itself provides 1,604 sqft of living space. The data suggests a property that holds its own in the area, with its assessed value ranking in the top third of the street and its lot size offering more privacy and space than many nearby homes.

The appeal lies in its established neighbourhood setting combined with move-in ready updates, notably the finished basement which adds valuable functional space. It suits buyers looking for a single-level layout, often appealing to downsizers, first-time buyers seeking a manageable home, or small families who value the large yard. A thoughtful perspective is that while the home is not the newest on the street, its above-average lot size and recent basement renovation represent tangible value in a mature, stable community, offering room to grow or enjoy outdoors without the premium of a brand-new build.

Section 2: Frequently Asked Questions

1. How does this property compare to others in Amber Trails?
Based on available metrics, this home sits in a solid middle range for the area. It has a larger-than-average lot for the street, a living area size that is competitive, and an assessed value that ranks in the top 40% of the neighbourhood.

2. What is the significance of the sold price from 2019?
The property sold for $38,300 in early 2019. This historical data is useful for understanding past market activity but does not reflect current value, which is better indicated by the 2024 assessed value of $52,400 and prevailing market conditions.

3. Is the renovated basement a legal suite?
The listing specifies a "renovated basement" but does not indicate it is a legal secondary suite. Buyers should verify the permits and legal status of the renovations with the city if considering potential rental income.

4. What are the utility costs likely to be for a home of this age and size?
As a one-storey home built in the mid-1990s, energy efficiency will depend on past upgrades (windows, insulation, furnace). Requesting recent utility bills from the seller is the best way to get an accurate estimate for annual costs.

5. How does the lot size benefit a buyer?
The 6,141 sqft lot is a standout feature, offering more space for gardening, recreation, or future additions like a deck or shed than many properties in the area. It provides a sense of space and privacy that can be harder to find in newer subdivisions.