Property Overview
This well-maintained home in Amber Trails presents a practical and comfortable opportunity. Built in 2012, it offers modern construction without the premium of a brand-new build. The key appeal lies in its balance: a renovated basement adds immediate liveable space, while its lot size is above average for the street, offering more outdoor room than many neighbouring properties. The home suits first-time buyers looking for a move-in-ready property with some updated finishes, or growing families seeking a stable neighbourhood with a home that has already undergone a significant renovation project. A less obvious point of value is its assessed value ranking, which sits in the top 10% city-wide, suggesting a strong and efficient municipal valuation relative to the purchase price. This could indicate solid fundamentals for long-term value.
Frequently Asked Questions
1. How does this home compare to others on the street?
It holds a larger-than-average lot for Gemstone Cove and is one of the newer homes on the block, ranking in the top 15% for year built on its street. The living area is competitively sized, falling in the middle range among immediate neighbours.
2. What is the significance of the assessed value being higher than the last sale price?
The current assessed value is notably higher than the 2019 sale price. This typically reflects municipal assessment increases over time and may indicate the city’s view of the area’s rising market values, though the final market price is determined between buyer and seller.
3. Is the basement renovation permitted?
Prospective buyers should always verify with the seller or their agent whether the basement renovation was completed with the proper city permits and inspections to ensure it meets all building codes.
4. What are the utility costs for a home of this age and size?
As a home built in 2012, it likely incorporates more modern energy efficiency standards than older stock, but buyers are encouraged to ask the seller for recent utility bills (hydro, gas, water) to estimate monthly costs accurately.
5. How does the property rank within the broader Amber Trails neighbourhood?
While its lot size ranks above average on its specific street, within the wider Amber Trails area, rankings for size, value, and living space are generally in the middle to upper-middle range, indicating it is a solidly positioned property within this popular community.