Property Overview
This well-situated family home in Amber Trails offers a practical blend of space and location. Built in 2011, it's a one-storey home with an attached garage on a large, nearly 7,000 sqft lot. With 1,506 sqft of living space and an unrenovated basement, it presents a solid foundation in a desirable neighbourhood.
The appeal lies in its established setting and potential. The lot size is a significant asset, ranking highly within the street and area, offering ample outdoor space rare in newer subdivisions. While the home's living area is modest compared to some neighbours, its assessed value has risen notably from its 2020 sale price, indicating strong market confidence in the location. It suits buyers looking for a move-in ready home on a premium lot, or those seeking a property with a basement to eventually customize to their taste. A thoughtful perspective is that this home represents the "established phase" of Amber Trails—the landscaping is mature and the community is settled, offering a different feel than brand-new constructions nearby.
Key Questions & Considerations
How does the lot size compare to newer homes in the area?
The 6,950 sqft lot is a standout feature. It ranks in the top 16% of the neighbourhood for land area, meaning it is substantially larger than many nearby properties, including the newer comparison homes listed.
The assessed value is significantly higher than the 2020 sale price. What does this indicate?
The assessed value of $510k, compared to the $440k sale price in late 2020, reflects substantial market appreciation. It also positions this home's official valuation in the top third of the Amber Trails neighbourhood, suggesting it is considered a higher-tier property in the area.
Is the living space smaller than other homes on the street?
Yes. The 1,506 sqft of living area ranks in the bottom quarter (14th out of 16) on Pavia Place itself. Buyers should consider if the interior space meets their needs, balanced against the benefits of the larger lot and established location.
What is the context of the "Sold" ranking showing 17 out of 16 properties?
This statistical anomaly (Top 106%) simply means the home's 2020 sale price of $440k was lower than all 16 other recorded sales on the street used for comparison. This highlights how much the market valuation has shifted in the years since.
Are the nearby comparison properties truly similar?
The listed comparisons vary. Some have more living space but lower assessed values, while others are newer. This underscores that this property's value is likely driven by its specific combination of lot size, location on the street, and the overall desirability of this particular section of Amber Trails.