Property Overview
This two-storey home in Bridgwater Lakes is a modern, low-maintenance property built in 2015. Its key appeal lies in a desirable balance of being relatively new while having an established, renovated basement. The detached garage and nearly 5,000 sqft lot offer space and flexibility in a neighbourhood known for its planned, community feel. The home’s assessed value is notably lower than its last sale price in 2022, which may present an opportunity for value-conscious buyers.
Key Characteristics & Ideal Buyer
The home’s primary characteristics are its 2015 build year, 1,600 sqft of living space, and a renovated basement. Its lot size is above average for the immediate street, providing more outdoor space than many neighbouring properties. The appeal is grounded in move-in readiness with modern fundamentals, without the premium often attached to brand-new construction. It suits first-time buyers or young families looking for a turnkey home in a newer suburban area, as well as investors attracted by the modern amenities and the potential value indicated by the gap between the assessed value and previous sale price. A thoughtful perspective is that while the living area is modest for the neighbourhood, the renovated basement effectively expands usable space, making the home more functional than the main square footage alone suggests.
Frequently Asked Questions
1. Is the basement renovation permitted?
Prospective buyers should verify with the seller or city records that the basement renovation was completed with the proper permits to ensure it meets all building codes.
2. What is the reason for the difference between the 2022 sale price and the current assessed value?
Market conditions, specific property features, and municipal assessment methodologies can all create variances. It’s an important point to discuss with your real estate agent to understand the current market value.
3. What are the monthly utility costs for a home of this age and size?
As a 2015 build, the home likely has good energy efficiency. Requesting recent utility bills from the seller will provide the most accurate picture of average monthly costs.
4. What is the parking situation beyond the detached garage?
The property listing shows a detached garage. Buyers should confirm driveway capacity for additional vehicles and review any street parking regulations.
5. Are there any upcoming special levies or major community projects planned for Bridgwater Lakes?
This is a key question for any property in a managed community. Your real estate agent can help inquire with the neighbourhood association or review meeting minutes for planned infrastructure work that could affect fees.