Property Overview: 11 Captains Way, Island Lakes
Section 1: Key Characteristics & Appeal
This two-storey home in Island Lakes is a well-sized, modern property that stands out for its above-average living space and assessed value within its immediate context. Built in 2005, the home offers nearly 2,000 sqft of living area, placing it comfortably in the top quarter of homes on its street and the top 15% for the neighbourhood. Its renovated basement adds functional space. The attached garage and the home's age mean major systems are likely still in good condition without immediate need for replacement.
The appeal lies in its strong positional metrics. It's not just a large home for the city; it's notably larger and more valuable than most comparable properties directly around it, suggesting a premium offering on Captains Way. A thoughtful perspective is that while the lot size is smaller than area averages, this often translates to less yard maintenance—a potential plus for busy professionals or those seeking a lock-and-leave lifestyle within a family-oriented community. The consistent ranking in the top tiers for value and size across street, neighbourhood, and city comparisons indicates a property that has held its relative worth.
This home would suit buyers looking for move-in-ready space in a mature, established suburb. It’s ideal for a growing family who wants the room of a larger home without the upkeep of an older property, or for a professional couple wanting a spacious, modern layout. The strong assessment and recent sale history also make it a sensible consideration for value-focused buyers who see merit in a home that performs well against its direct peers.
Section 2: Frequently Asked Questions
1. How does the lot size impact the property?
While the land area is smaller than many lots in Island Lakes, it is close to the average citywide. This typically means a more manageable yard with lower maintenance, but potentially less privacy or room for large exterior additions like a deck or pool.
2. What do the "top percentile" rankings mean for value?
The home ranks in the top 10-15% for assessed value on its street and in the neighbourhood. This generally indicates it is considered a higher-value property by the assessor compared to those around it, which can be a positive signal for underlying equity, though market conditions always determine the final sale price.
3. The home sold in 2022 and again in 2020. Is that a concern?
The recent sales history shows turnover, but the sold price metrics indicate it performed well above area averages in 2022. The reasons for sale are not disclosed, but the data does not suggest a pattern of distress; rather, it shows active market interest in the property.
4. Is the renovated basement included in the living area square footage?
Typically, finished basement space is not included in the official living area (above-grade) square footage calculation. The 1,974 sqft likely refers to the main and upper floors, with the renovated basement providing additional bonus space.
5. How does this home compare to the reference property at 102 Ebb Tide Drive?
The reference home is very similar in year, size, and assessed value, providing a useful benchmark. It suggests 11 Captains Way is aligned with other premium properties in the area, confirming its market position.