Property Overview & Key Characteristics
This well-situated bungalow at 1379 Leila Avenue in Amber Trails offers a practical and comfortable living space on a generous lot. Its key appeal lies in the combination of a renovated basement, a detached garage, and a land size that ranks in the top 41% for its street. With 1,230 sqft of living space, the home is larger than most in the immediate area and neighbourhood. The property’s assessed value is notably higher than many nearby comparables, suggesting it is well-maintained or has features the market recognizes.
The home would suit first-time buyers or downsizers looking for the convenience of single-level living with a modernized lower level for extra space. It also appeals to value-conscious buyers who prioritize a larger, usable lot over a brand-new build. A less obvious point is its strong ranking within the neighbourhood for year built, indicating it’s among the newer homes in the area, which can be a plus for maintenance and systems. The significant jump in its sold price from 2017 to 2022 highlights strong past appreciation, a point for buyers considering long-term value.
Frequently Asked Questions
1. How does the property’s size compare to the area?
At 1,230 sqft, the living area is larger than 78% of homes on Leila Avenue and ranks in the top 15% within The Maples neighbourhood, offering above-average interior space for the location.
2. What does the assessed value tell us?
The $41,800 assessment is significantly higher than many nearby reference properties and ranks in the top 5% on its street. This typically reflects municipal recognition of the home’s condition, improvements, or lot value relative to others.
3. Is the home older or newer for the area?
Built in 1986, it is actually in the top 1% for year built within its broader neighbourhood, meaning it is one of the newer properties in The Maples, which is predominantly older.
4. What is the history of sale prices?
It sold for $310,000 in December 2017 and then for $470,000 in April 2022. This indicates a period of substantial value increase over those 4.5 years.
5. How large is the lot?
The land area is 4,788 sqft, which is a sizable lot for the area, ranking in the top 41% on its street and offering good outdoor space potential.