Property Summary: 3 Almington Bay, Bridgwater Forest
Section 1: Key Characteristics & Appeal
This two-storey home in Bridgwater Forest is a well-established property in a mature, newer neighbourhood. Built in 2011, it sits on a generous 5,000+ sqft lot, offering more outdoor space than many modern comparables. The home features 1,525 sqft of living space, an attached garage, and an unfinished basement—a blank canvas for future expansion.
Its primary appeal lies in its balance of space and location. The lot size is a significant asset in a community known for more compact yards, providing room for gardens, play, or privacy. While the interior finishes are original from 2011, this presents an opportunity for a buyer to personalize the space without the premium of a recent, speculative renovation. The property suits first-time buyers or young families looking for a solid starter home in a desirable planned community, as well as value-focused buyers who prefer to invest in land size and add their own updates over time. It’s a practical choice for those who see potential in a good structure on a great lot, rather than a turn-key showcase.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to the likely market price?
The assessed value is a figure for municipal tax purposes and is often lower than market value. The last sale was in 2017 for $42.5k, and current market conditions will determine the listing price. It's best to use recent sales of similar homes in Bridgwater Forest for a true comparison.
2. The home ranks lower for living area on its street. Is it too small?
At 1,525 sqft, it is on the more modest side compared to some neighbours, which is reflected in the ranking. However, this contributes to a potentially more accessible price point for the area. The unfinished basement offers a clear path to increase functional space.
3. The lot is large, but what does "Better than 54% in same street" mean?
This statistical ranking indicates that this lot is larger than just over half of the other lots on Almington Bay. It confirms that the lot is above average for its immediate street, which is a positive differentiator in a newer neighbourhood where lots can be smaller.
4. What are the implications of the basement being unfinished?
This means the basement is a blank space with bare walls, floors, and ceilings. It requires a significant investment to finish but allows the new owner to customize the layout (e.g., adding a bedroom, bathroom, or rec room) to their exact needs and budget, without paying for someone else's choices.
5. The home last sold in 2017. Is that a concern?
Not inherently. A seven-year ownership period suggests stability and that the sellers are likely moving for life reasons, not a quick flip. It does mean the home may have decor and systems consistent with its age, so a thorough inspection of major components (roof, HVAC, appliances) is advisable.