29 Lakebourne Place

Property Overview

29 Lakebourne Place is a modern, single-storey home in the established Amber Trails neighbourhood. Built in 2017, its primary appeal lies in a rare combination of a very large, private lot and a newer build, offering a low-maintenance lifestyle with ample outdoor space. The home sits on a 10,756 sqft lot, which ranks in the top 6% of the neighbourhood, providing a sense of privacy and room for gardens or recreation that is uncommon for newer subdivisions. While the living area (1,354 sqft) is comfortable and efficient, the property’s standout feature is clearly its land.

This home would suit buyers who prioritize outdoor space and a modern building envelope but do not require a large or renovated interior. It’s ideal for downsizers seeking a manageable single-level layout with a generous yard, or for young families looking for a newer home in a family-friendly area with room for children to play. The recent sale in May 2024 at $52.50k (closely aligned with its assessed value) suggests a stable, market-ready property.

Key Questions for Consideration

1. What is the condition of the unfinished basement?
The listing confirms the basement exists but is not renovated. A viewing is essential to assess its ceiling height, moisture control, and potential for future development, which could significantly increase the home’s liveable space.

2. How does the lot size compare to nearby properties?
The lot is exceptionally large for the area. The data shows it is larger than 94% of lots in Amber Trails, offering more privacy and space than most neighbouring homes, which is a key value driver for this property.

3. Is the living space sufficient for my needs?
At 1,354 sqft, the living area is on the more modest side for a single-family home. It ranks in the top 22% of the neighbourhood, but this is heavily influenced by the inclusion of many larger, two-storey homes. Consider if the single-level layout works for your household size.

4. What does the recent sale history indicate?
The home sold very recently (May 2024) for $52.50k. This quick turnaround may indicate investor activity or a change in the owner’s circumstances. It’s worth investigating the reason for the rapid resale.

5. What are the trade-offs compared to similar-priced homes?
For a similar assessed value, you might find homes with more finished square footage or recent renovations, but often on standard-sized lots. This property asks you to value land over a larger or updated interior.