Property Overview
46 Gemstone Cove is a well-maintained, modern family home in the Amber Trails neighbourhood. Built in 2013, it offers nearly 1,904 sqft of living space on a generous 5,131 sqft lot, with an attached garage and a renovated basement. Its appeal lies in its balance of contemporary comforts, established community, and strong value indicators. The home suits first-time buyers seeking a move-in-ready property, growing families looking for space both inside and out, and value-conscious buyers who appreciate a home with recent updates and a solid standing relative to its peers.
Key Characteristics & Ideal Buyer
This home’s key characteristics include its modern age (2013), which means major systems are likely still in good condition, and its renovated basement, which adds immediate functional space. The lot size is notably above average for the street, offering more outdoor room than many neighbouring properties.
Its appeal is grounded in proven stability and quiet value. While not the largest home on the block, it ranks highly for its newer build year and assessed value within its immediate area, suggesting it is a well-regarded property in a desirable pocket of Amber Trails. The significant jump in assessed value since its last sale in 2019 also indicates solid appreciation.
This property would best suit practical buyers who prioritize a move-in-ready condition without needing immediate updates. It’s ideal for those who value a larger private yard in a newer subdivision and appreciate a home that compares favourably in key metrics like age and value against its direct neighbours and the wider city.
Frequently Asked Questions
1. How does this home compare to others on the street?
It holds a strong position. It’s in the top third for lot size, is one of the newer homes on the street (top 8%), and has one of the highest assessed values on the block (top 13%).
2. What does the “renovated basement” typically include?
While specifics should be verified, a renovated basement in a home of this age usually means finished living space—likely including drywall, flooring, ceilings, and proper lighting—making it suitable for a family room, home office, or additional bedrooms.
3. The home sold in 2019 for $50,500k, but is now assessed at $63.70k. What does this mean?
This shows a significant increase in its municipal assessed value over a few years, reflecting strong market appreciation for the property and area. It’s important to note that assessed value is used for tax purposes and is not a direct market price, but the trend is positive.
4. Is the Amber Trails neighbourhood established?
Yes. With homes dating back to around 2013, the neighbourhood is past the initial construction phase. Landscaping and community amenities are settled, offering a more mature feel than brand-new developments while still being modern.
5. Who might this home not suit?
Buyers seeking a brand-new build with builder warranties, those wanting a swimming pool, or investors looking for a property with a basement suite (as there’s no mention of a separate entrance or kitchen) may find other properties a better fit.