63 Appleford Gate is a modern two-storey home in the popular Bridgwater Lakes neighbourhood. Built in 2018, it sits on a generous 4,493 sqft lot and features 1,655 sqft of living space, a detached garage, and a renovated basement. Its appeal lies in its contemporary build, which means fewer immediate maintenance concerns compared to older homes, combined with the established, family-friendly atmosphere of the community. The property’s standout characteristic is its strong positioning relative to its immediate surroundings; it ranks in the top 3% of its street for newness and the top 19% for assessed value, suggesting it is a well-regarded home on a desirable block.
This home would suit first-time buyers or young families looking for a move-in-ready property in a newer suburban area. It also appeals to value-conscious buyers who appreciate a home that compares favourably in key metrics against its direct neighbours, indicating a sound investment within its micro-market. The renovated basement adds flexible space for growing needs.
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What do the "rank" percentages actually indicate?
They show how this property compares to others in a specific area (street, neighbourhood, city) for a given metric. For example, being "better than 97% in same street" for year built means it's one of the newest homes on Appleford Gate, which can be a positive for maintenance and modern features.
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Is the assessed value a reliable indicator of the expected selling price?
Not directly. The assessed value ($535,000) is for municipal tax purposes. The last sold price ($520,000 in 2021) is a historical data point. Both are useful references, but the current market conditions will ultimately determine the selling price.
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The home sold for $520,000 in 2021 but only $413,000 in 2020. What does this large jump suggest?
This significant appreciation in a short period likely reflects the strong seller's market of 2021, as well as the value added by the basement renovation noted in the listing. It's important to review what specific improvements were made during that time.
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How does the living space compare to nearby homes?
At 1,655 sqft, it has more living area than 65% of homes on its street, making it above average for the immediate area. However, it's smaller than many homes in the wider Bridgwater Lakes neighbourhood, positioning it as a comfortable, mid-sized option.
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What is the significance of the lot size?
At nearly 4,500 sqft, the lot is larger than average and offers ample private outdoor space. This is a key feature for families or anyone valuing a sizable yard, especially in a newer community where lot sizes can vary.