Property Overview & Key Characteristics
This two-storey home at 45 Arbourwood Court, built in 2019, presents a modern, low-maintenance living option in the Bridgwater Trails neighbourhood. Its primary appeal lies in its balance of relative newness and established community. With 1,724 sqft of living space and an attached garage, it offers a practical layout for daily life. The property sits on a 3,157 sqft lot, which is notably larger than many on its street, providing more private outdoor space than typical for newer subdivisions.
The home’s value proposition is underscored by its recent sale price, which ranks very highly compared to immediate neighbours, suggesting it is a premium property within its specific micro-area. This suits buyers looking for a turn-key home in a developed area who want to avoid the uncertainties of brand-new construction. It would particularly appeal to young professionals, couples, or small families seeking a modern community with newer amenities, and who prioritize a home that has already seen significant market validation. A thoughtful perspective is that while its assessed value ranks lower in the broader neighbourhood, its strong sale price indicates specific features or condition that the market rewards, making it a potentially solid choice for those who value resale precedent.
Frequently Asked Questions
1. How does the lot size compare to others in the area?
The land area of 3,157 sqft is larger than 64% of lots on Arbourwood Court itself, offering more yard space than many of its direct neighbours, which is a notable advantage in newer communities.
2. What does the recent sale history indicate?
The home sold for $490,000 in September 2024, a price that ranks in the top 2% for its street and top 19% city-wide for similar sale dates. This strong performance suggests it is a desirable property within its immediate context.
3. Is the basement finished?
No, the basement is present but not renovated, offering blank-canvas potential for future expansion or storage as needed.
4. How does the property’s assessed value relate to its sale price?
The assessed value ($461,000) is significantly lower than the recent sale price. This is common, as assessed values for taxation purposes often lag behind current market values, especially in active markets or for recently sold homes.
5. What is the neighbourhood ranking for this property?
Rankings vary by metric. While the home ranks highly on its own street for size and sale price, its assessed value ranks in the top 86% of the broader Bridgwater Trails neighbourhood (meaning it's assessed higher than only 15% of homes there). This highlights a difference between its municipal valuation and its apparent market appeal on its specific court.