Property Overview & Key Characteristics
This bi-level home at 1415 Leila Avenue in Amber Trails offers a practical and updated living space on a generous, nearly 5,000 sqft lot. Built in 1998, its key feature is a renovated basement, adding valuable finished space to the 892 sqft main living area. The home includes a detached garage.
Its primary appeal lies in its balance of modern updates and established neighbourhood living. The renovated basement immediately adds functional space without the need for a major project. While the living area is compact, the large lot provides excellent outdoor potential and a sense of space not always found in newer subdivisions. The home’s assessed value ranks highly on its street, suggesting it is a solid performer in its immediate market.
This property would suit first-time buyers looking for a move-in-ready home with a low-maintenance footprint, or investors seeking a recently updated property with strong rental demand in a mature area. It’s also a fit for downsizers who value a single-level living layout (with the basement offering extra room for guests or hobbies) and a sizable yard.
Frequently Asked Questions
1. How does the living space compare to nearby homes?
At 892 sqft, the above-ground living area is modest and smaller than many in the neighbourhood. However, the renovated basement significantly expands the usable space, making the overall footprint more competitive.
2. What does the high assessed value ranking on the street indicate?
Ranking in the top 9% on its street for assessed value suggests the property is viewed favourably by the assessor compared to its direct neighbours, potentially due to the renovations and lot size. It’s a positive indicator of its relative worth in the local context.
3. Is the bi-level style a pro or a con?
This depends on the buyer. Bi-levels offer good separation of living and sleeping areas and often have larger basement spaces. The trade-off is typically smaller main-floor living areas and the presence of stairs immediately upon entry, which may not suit everyone.
4. The lot is large, but how is the outdoor space configured?
With nearly 5,000 sqft, there is ample room for gardening, play, or entertaining. It’s worth viewing to see the layout, sun exposure, and how the detached garage is positioned to understand the full potential.
5. How does the 2020 sale price compare to the current assessment?
The home sold for $33,300 in late 2020 and is now assessed at $40,200. This increase reflects broader market trends and likely the value added by the basement renovation. It provides a recent benchmark for price progression.