Property Overview & Key Characteristics
This well-maintained, single-storey home in Amber Trails offers a practical and comfortable living space. Built in 2012, its key appeal lies in a desirable combination of a large, private lot and a fully renovated basement, adding valuable finished space. The property stands out statistically within its immediate area, ranking in the top 5-10% for lot size and assessed value on its street and in the wider neighbourhood. This suggests a premium positioning among comparable homes.
The home is ideally suited for first-time buyers or downsizers seeking single-level living without sacrificing yard space, or for families looking for a move-in ready home with a modernized lower level already complete. A thoughtful perspective is its strong value retention; having a high assessed value relative to nearby properties indicates stable municipal valuation, which can be a positive factor for long-term equity. Its appeal is grounded in solid fundamentals—space, location, and updates—rather than fleeting trends.
Frequently Asked Questions
1. How does the lot size compare to newer homes in the area?
At over 9,500 square feet, the lot is exceptionally large for a home of this vintage in Amber Trails, ranking in the top 5% on its street. Many newer developments offer smaller lot sizes, making this a notable feature for privacy and outdoor space.
2. The home was last sold in 2017. What does the price history indicate?
The 2017 sale price was significantly higher than the current assessed value of several nearby comparator listings. This doesn't reflect current market value but may indicate the property was purchased at a premium at that time, highlighting the importance of a current market evaluation.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated, but specifics on the scope, quality, permits, and finished square footage should be verified with the seller or listing agent to understand the true value of this update.
4. The assessed value is $610k. Is this the sale price?
No. The assessed value is for municipal tax purposes. Sale price is determined by the current market. However, the home's assessment ranks in the top 15% on its street, suggesting it is viewed as a higher-value property relative to its direct neighbours.
5. Are the property rankings a reliable measure of value?
The rankings provide helpful context, showing how this home compares to specific neighbours in metrics like lot size and assessed value. They are a useful snapshot of its standing but should be considered alongside a physical viewing, condition report, and professional market analysis.