Property Overview

55 Del Monica Road is a modern two-storey home in the sought-after Bridgwater Trails neighbourhood. Built in 2019, it sits on an exceptionally large lot (over 12,000 sqft), which ranks in the top 2% of its own street. The home features an attached garage and an unfinished basement, offering a blank canvas for future expansion. Its recent sale in July 2024 at $560,000 sits above its current assessed value, indicating strong market recognition.

Key Characteristics & Appeal

The primary appeal of this property is its land. In a newer community where lots are typically more compact, this home offers a rare sense of space and privacy, with a yard size that outperforms 98% of its immediate neighbours. This makes it a standout for buyers who value outdoor room for gardens, play, or future amenities like a deck or shed.

Its 2019 build date means it’s a relatively new home, likely requiring minimal immediate upkeep while still being past the initial "shakedown" period of a brand-new build. The unfinished basement is a key feature, not a drawback; it represents significant potential value addition for a buyer willing to customize the space to their needs.

This home would best suit a growing family or a professional couple looking for a move-in ready, modern property in a premier suburban area, with the bonus of a large lot and the option to personalize the basement over time. It’s also a sensible choice for a value-conscious buyer who sees the premium lot size as a long-term asset in a neighbourhood where such parcels are uncommon.

Frequently Asked Questions

1. Is the large lot a burden for maintenance?
While a 12,190 sqft lot requires more upkeep than a standard suburban yard, it offers unparalleled space for a newer home. For those who enjoy gardening or outdoor living, it's a major benefit. The trade-off is clear: more maintenance for more privacy and potential.

2. Why is the sold price higher than the assessed value?
The assessed value is for taxation purposes and can lag behind the current market. The July 2024 sale price of $560,000 is a more accurate reflection of its recent market value, likely driven by its desirable lot size and modern construction in a high-demand area.

3. What does "unfinished basement" mean for immediate costs?
It means the basement is a blank space with bare walls, floors, and ceilings. There are no immediate repair costs, but finishing it to a living standard (e.g., adding rooms, a bathroom, or a rec room) requires a significant renovation budget and planning.

4. How does the living area compare to the neighbourhood?
At 1,573 sqft, the living space is fairly standard for the area, ranking near the middle of the pack locally. The home’s standout feature is its land, not its square footage. Buyers should ensure the interior layout meets their needs, as the value proposition here leans heavily on the lot.

5. The home sold recently—why might it be back on the market?
The provided data shows a sale in July 2024. Without specific listing details, common reasons for a quick resale can include a change in the owner's personal circumstances, a relocation, or an investor flipping the property. It does not necessarily indicate an issue with the home itself.