Property Overview: 110 Silver Creek Road, Bridgwater Trails
Key Characteristics & Ideal Buyer
This well-presented two-storey home in the popular Bridgwater Trails community offers modern living with practical updates. Built in 2019, it sits on a low-maintenance lot and features an attached garage and a renovated basement, adding valuable finished space to the 1,504 sqft living area. Its appeal lies in its balance of being a relatively newer build with move-in-ready improvements, positioned in a family-friendly neighbourhood.
The home’s standout characteristic is its strong standing in key metrics compared to its immediate surroundings. It ranks newer than 93% of homes on its street and boasts an assessed value higher than 90% of its neighbours, suggesting it is a well-regarded property on a desirable block. This makes it particularly suited for first-time buyers or young families seeking a modern, low-maintenance home in a developed community without the wait or uncertainties of new construction. It would also appeal to value-conscious buyers who appreciate a home that already has a renovated basement, offering immediate extra living space without the project overhead.
A less obvious perspective is its potential for long-term stability. While not the largest home in the broader area, its superior rankings on its specific street for value and newness indicate it's a solid performer in its micro-location, which can be a buffer in shifting markets. It’s a home that offers community livability now without the premium of a brand-new build.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated, meaning it is finished as livable space. Prospective buyers should inquire for specific details on the quality, layout, permitted status, and features (such as a bathroom or separate entrance) during a viewing or through their agent.
2. How does the assessed value compare to the likely asking price?
The assessed value is $50.50k, a figure used for municipal tax purposes. It is a historical snapshot and not a market valuation. The eventual list or sale price will be determined by current market conditions, the home’s updated features, and seller motivation.
3. The home sold for $37.80k in 2019. Does that indicate its value today?
No. The 2019 sale price reflects the purchase of a newly built home seven years ago. Market appreciation, the completed basement renovation, and general property maturation have significantly influenced its current value since that initial transaction.
4. Is the lot size a constraint?
The land area is approximately 2,897 sqft, which is typical for newer communities like Bridgwater Trails. It provides manageable outdoor space for gardening or relaxation without demanding extensive upkeep, aligning with the low-maintenance lifestyle the community often attracts.
5. The home ranks "better than only 10% in the neighbourhood" for land area. Should I be concerned?
This specific ranking reflects that many homes in the wider Bridgwater Trails area sit on larger lots. However, it ranks much higher (better than 53%) on its own street, indicating the lot is actually above average for its immediate block. This highlights the importance of street-level context over broader neighbourhood averages.