Property Overview: 55 Lyonsgate Cove
Key Characteristics & Appeal
This two-storey home at 55 Lyonsgate Cove in Dakota Crossing is a well-proportioned, modern family home built in 2005. Its primary appeal lies in offering above-average space and a premium lot size within a desirable neighbourhood context. With 2,202 sqft of living area, it ranks within the top 5% of homes in Dakota Crossing for size, providing ample room for family life. The property sits on a generous 7,428 sqft lot, which is notably larger than most in the city and neighbourhood, offering excellent outdoor potential. Key features include an attached garage, a pool, and a basement (not renovated).
The home’s value proposition is underscored by its strong performance in comparative metrics. It consistently ranks "above average" to "elite" against neighbourhood and city-wide benchmarks for living area, lot size, and year built. A recent sale in August 2024 for $690k further confirms its market position. This property would best suit buyers looking for a move-in ready, spacious family home in a mature, established area, who prioritize a large yard and modern construction over a recently renovated basement. It’s ideal for those who see the unrenovated basement not as a drawback, but as a blank canvas for future personalization.
Frequently Asked Questions
1. How does this home compare to others on the street?
On Lyonsgate Cove itself, this home is above average in living area and year built, ranking 3rd of 17 homes for size and 2nd of 17 for being newer. Its lot size and assessed value are more in line with the street average.
2. Is the assessed value a good indicator of the sale price?
Not directly. The municipal assessed value is $58,500, which is used for tax purposes. The home sold for $690,000 in August 2024, which is a more accurate reflection of its current market value.
3. What does the "Top X%" ranking mean for the lot size?
The lot is 7,428 sqft. This places it in the top 9% of lots in Dakota Crossing (larger than 91% of neighbourhood lots) and the top 14% city-wide, making it a truly premium-sized property for the area.
4. The basement is noted as "not renovated." What should I expect?
This indicates the basement is likely in original, functional condition from when the home was built in 2005. It presents a finished space that is liveable but may not feature current styles or finishes, offering the next owner an opportunity to update it to their own taste and needs.
5. How established is the neighbourhood?
The home was built in 2005, but Dakota Crossing as a whole has an average build year of 1997. This means the neighbourhood is well-established with mature landscaping, while this specific property is among the newer homes on the block, potentially offering more contemporary construction.