Here is a clean, standalone summary of the property at 48 Setterington Bay.
Property Overview & Ideal Buyer Profile
Key Characteristics
This is a 1,698 sqft home built in 2004 on a 5,776 sqft lot in Whyte Ridge. The standout feature is the home’s construction year: it ranks in the top 8% on its street and the top 5% in the entire neighbourhood, meaning it is one of the newer builds in the area. The living space is slightly above the citywide average, though it falls a bit short of the average for similar homes on the same street. The lot size is generous for its immediate street (top 22%) but typical for the broader neighbourhood and city.
Where the Appeal Lies
The value here is in the balance. You get a newer home in an established, mature neighbourhood without paying a premium for the street’s top assessed price—the home’s assessment of $525k is below the street average of $560.8k. It sits close to the neighbourhood average for value, but ranks in the top 16% citywide, suggesting you are getting a newer asset for a relatively fair price in the local context. The home is not the largest or most expensive on its block, but it is one of the most recent to be built.
Ideal Buyer
This property suits a buyer who prioritizes a newer build and a solid lot over maximum square footage. It is a strong fit for someone looking for a home that requires less immediate updating than older stock in the same price range, or for a family who wants a large, private-feeling yard in a well-ranked suburban area without overpaying relative to the street’s average.
Five Potential FAQs
1. How does this home compare to others on Setterington Bay?
It is one of the newest homes on the street, built in 2004, while the street’s average is also 2004 (meaning most homes are similarly aged). The living area (1,698 sqft) is below the street average of 1,874 sqft, and its assessed value of $525k is below the street average of $560.8k. However, the lot at 5,776 sqft is above the street average of 5,436 sqft.
2. Is the assessed value a good deal?
Locally, it is slightly below the neighbourhood average of $529.6k. Citywide, the home is assessed in the top 16% of all comparable properties. Given that the building is newer than most in Whyte Ridge, the below-average street value suggests you are not paying a premium for its age relative to its immediate neighbours.
3. How big is the living space compared to the lot?
The living area (1,698 sqft) is efficient relative to the lot size. The lot (5,776 sqft) is larger than the street average and sits in the top 22% of its street. This gives a good indoor-to-outdoor ratio, which is less common in newer infill builds that often maximize the footprint.
4. What is the neighbourhood of Whyte Ridge like for resale value?
Whyte Ridge ranks in the top 41% of neighbourhoods citywide for assessed value, which is around average. However, the home itself ranks in the top 5% of homes in Whyte Ridge for newness. This combination—a home that is newer than most in a stable, mid-ranked neighbourhood—often supports more predictable long-term value retention than a fixer-upper in a higher-ranked area.
5. Is the yard large enough for additions or a garden?
Yes. The lot is well above the street average and only slightly below the neighbourhood average. At just under 5,800 sqft, there is room for a substantial garden, a playset, or a future garage or shed without crowding the house. It is a more generous outdoor space than what is typical for newer homes citywide.