Property Overview
This two-storey home in Bridgwater Lakes offers a blend of space, modern updates, and a strong position within its community. Built in 2013, it sits on a large, 10,249 sqft lot, providing ample outdoor space that is rare in newer neighbourhoods. The home itself features a renovated basement and a generous 2,582 sqft of living area. Its appeal lies in this combination of size, recent improvements, and its quantifiable standing—the property ranks in the top 10% of the neighbourhood for lot size and living area. The steady appreciation from its 2019 and 2022 sales history indicates a well-regarded location.
It would suit buyers looking for a move-in ready family home in a modern community who value both indoor living space and substantial yard size. It's particularly suited for those who appreciate clear, data-driven metrics on a property's relative value, as the home ranks highly against local and city benchmarks for size and assessed value.
Key Questions & Answers
1. What do the ranking percentages actually mean?
They show how this property compares to others in a specific area (street, neighbourhood, or city) for a given metric. For example, ranking "Better than 90% in neighbourhood" for lot size means it's in the largest 10% of lots in Bridgwater Lakes, a significant advantage.
2. The assessed value seems low compared to past sale prices. Why?
Municipal assessed value for tax purposes is often lower than market value and lags behind current market trends. The assessed value here should not be used as a current market price; the 2022 sale price of $730k is a more relevant recent benchmark.
3. How does the age of the home (2013) factor in?
A 13-year-old home typically means modern building standards and less immediate worry over major system replacements, but it may be entering the period where some original components (like appliances or flooring) could need updating. The renovated basement is a positive counterpoint to this.
4. The home ranks poorly for "year built" on its own street. Should I be concerned?
This simply indicates it is one of the older homes on its specific block, as 100% of its street neighbours have newer builds. This isn't inherently negative; it often means the landscaping is more established, and the home has proven its place in a desirable location that continued to develop after it was built.
5. What is the significance of the large lot size in this community?
In newer, master-planned communities like Bridgwater Lakes, larger lots are a premium and increasingly scarce feature. This lot offers greater privacy, space for gardens or play, and future potential that smaller, newer lots in the same area cannot match.