Property Overview & Key Characteristics
This well-maintained cabover home in Amber Trails offers a practical and move-in-ready package. Built in 2011, its key features include a renovated basement and an attached garage, situated on a generous 4,727 sqft lot. The home’s living space of 1,707 sqft is competitively sized for the area.
The appeal lies in its strong, recent sale history—selling for $61,500 in mid-2024—which demonstrates solid market validation. The property ranks highly within its desirable Amber Trails neighbourhood for lot size (top 10%) and recent sale price (top 13%), suggesting it's a above-average offering in a sought-after community. Its assessed value is modest relative to the recent sale price, which may be attractive from a tax perspective.
This home would suit first-time buyers or young families looking for a established, low-maintenance property in a mature part of Amber Trails, without the premium of a brand-new build. It’s also a sensible choice for value-focused buyers who appreciate a finished basement and prefer a home where the major appreciation surge of a new subdivision has already settled.
Frequently Asked Questions
1. How does the recent sale price compare to the assessed value?
The home sold for $61,500 in July 2024, which is approximately $5,400 above its current assessed value of $56,100. This is common and indicates the market values the property higher than the municipal assessment for tax purposes.
2. Is the lot size typical for the area?
Yes, and it's a standout feature. At 4,727 sqft, the lot ranks in the top 10% for size within the Amber Trails neighbourhood, offering more outdoor space than many nearby properties.
3. The home was built in 2011. What major systems might need attention soon?
While the renovated basement is a plus, buyers should consider the age of original components. The roof, major appliances, and the HVAC system are now around 15 years old, so budgeting for potential repairs or replacements in the coming years is prudent.
4. How does this property rank for "newness" on its street?
It ranks in the top 72% on its street, meaning it is newer than most of its immediate neighbours. This can be an advantage for maintenance and modern layout, but it also means there may be less opportunity for new development or renovation premiums compared to an older street.
5. What does the sale history indicate about the property's value trend?
It sold for $42,500 in 2017 and $61,500 in 2024. This represents a significant increase over seven years, showing strong appreciation. The 2024 sale price also ranks in the top 6% for recent sales on its specific street, confirming it commands a premium in its direct location.