Property Summary: 112 Verona Drive, Amber Trails
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Amber Trails is a practical and comfortable offering. Its key appeal lies in a combination of a desirable lot, recent updates, and stable value in a mature neighbourhood.
The nearly 6,000 sqft lot is notably larger than many in the area, offering ample outdoor space. The home itself, built in 2000, is relatively newer compared to most on its street and in the broader neighbourhood. A significant feature is the renovated basement, which adds valuable finished living space to the 1,200 sqft main floor. While the living area is modest, the property has demonstrated consistent value, having sold twice in recent years at the same price point, just above its current assessed value.
This property would suit first-time buyers or downsizers seeking a manageable single-level layout with a low-maintenance exterior and a move-in-ready basement. It’s also a sensible choice for value-focused buyers who prioritize a larger yard and a home that’s newer than many of its immediate neighbours, without paying a premium for a brand-new build. The stable sales history suggests a reliable, non-speculative investment in a settled community.
Section 2: Frequently Asked Questions
1. How does the lot size compare to others?
At 5,855 sqft, the lot is larger than approximately 66% of properties on the same street and ranks in the top third for size within the Amber Trails neighbourhood, which is a distinct advantage for outdoor space.
2. The home is described as relatively "newer." What does that mean exactly?
Built in 2000, this home is newer than 97% of the houses on Verona Drive and ranks in the top 12% by age within the Amber Trails neighbourhood, suggesting less immediate concern for major aging component replacements compared to older stock.
3. Has the property’s value been stable?
The home sold for $51,500 in both 2021 and 2023, indicating a period of very stable value. Its current assessed value is slightly below that last sale price, which is a common point of reference for municipal taxation.
4. What is the significance of the renovated basement?
The renovated basement effectively adds usable living space to the home’s footprint. For a one-storey home, this is a key feature that enhances livability without altering the main floor’s original layout, offering flexibility for recreation, guests, or a home office.
5. How does the living area square footage compare?
At 1,200 sqft on the main floor (plus the finished basement), the living area is on the more compact side for the street but still ranks in the top 13% for size within the wider Amber Trails neighbourhood. This indicates an efficient use of space that aligns with the area’s typical offerings.