Property Overview
This home at 126 Long Point Bay in the Meadows neighbourhood presents a well-maintained and established property built in 1986. Its key appeal lies in its strong positional value within its immediate area. While the 1,110 sqft living space and 5,000 sqft lot are comfortably average for the city and Meadows, the property stands out on its own street. It holds an above-average assessed value and is one of the newer homes on Long Point Bay, suggesting it has been kept in good relative condition. Recent sale history indicates stable value. This home would suit a practical buyer looking for a move-in ready property in a mature neighbourhood, who values a home that compares favorably to its direct neighbours over sheer size. It’s a solid choice for first-time buyers, downsizers, or investors seeking a property with a history of steady maintenance and value retention.
Frequently Asked Questions
How does this home truly compare to its neighbours?
The data shows its strength is hyper-local. While average in size for the wider area, it ranks in the top 17% for assessed value and top 6% for year built on its own street, indicating it is likely one of the better-maintained and updated properties on the block.
What does the sale history tell us?
The home sold in 2019 and again in 2021 within the same price range (CA$350k–400k). This suggests a period of stable market value, without wild fluctuations, which can be appealing for buyers seeking predictability.
Is the lot size a pro or a con?
At 5,000 sqft, the lot is slightly below the city average but typical for the Meadows area. It offers manageable outdoor space—enough for a garden and patio without demanding excessive upkeep, which is a plus for many modern buyers.
The home is 40 years old. What should I consider?
A home from 1986 will likely have had major components like the roof, windows, and furnace replaced or nearing their replacement cycle. Its above-average ranking for year built locally is positive, but a thorough inspection of these age-related items is essential.
Why is the assessed value different from the recent sale prices?
Municipal assessed value (listed as $41.90k) is for tax purposes and is typically a fraction of the market value. The recent sale prices in the $350k–400k range reflect the actual market value. The key takeaway is that its assessment is high relative to its street, which often correlates with better condition.