Property Overview

This home at 6 Ken Wong Bay is a modern property (built 2021) that presents a compelling value proposition within its immediate context. Its key appeal lies in offering newer construction and efficient living space at a price point that sits below the averages for its own street and much of the surrounding South Pointe West neighborhood. With 1,361 sqft of living area on a 2,834 sqft lot, it is a compact and manageable property.

Key Characteristics & Suitability

The home’s primary characteristic is its relative newness, ranking in the top 2% city-wide for year built. This is a significant advantage, suggesting modern building standards, minimal immediate repair needs, and contemporary design. However, its living space, land area, and assessed value are all below the averages for its own street and neighborhood. This isn't necessarily a drawback—it translates to a lower price point for a newer home in a desirable area, and the efficient layout may suit those seeking lower maintenance and utility costs.

Its appeal is strongest for specific buyers: first-time homeowners or downsizers looking for a modern, low-maintenance property without paying a premium for excess space or a large yard. It would also suit value-conscious buyers who prioritize the quality and condition of a newer build over sheer size, especially within a neighborhood where older, larger homes command higher prices. A thoughtful perspective is that this property offers a "foot in the door" to a well-established area, providing modern comforts while the land itself represents future potential in a maturing community.

Frequently Asked Questions

1. Is this home considered small?
It depends on the comparison. At 1,361 sqft, it is below the average for both Ken Wong Bay street (1,477 sqft) and the South Pointe West neighborhood (1,784 sqft). However, it is very close to the city-wide average (1,342 sqft). It is a efficiently sized, modern home.

2. Why is the assessed value below the street and neighborhood averages?
The assessed value of $385k reflects the property's specific attributes—namely, its smaller living area and lot size compared to neighbors. It indicates this home may offer a more accessible price point for the area, especially given its newer construction.

3. What are the benefits of a 2021 build?
A home built in 2021 likely features current building codes, modern energy-efficient windows and appliances, contemporary electrical and plumbing systems, and comes with minimal wear and tear. It should require very little in immediate repairs or updates.

4. The lot seems smaller than others. Is that a concern?
The 2,834 sqft lot is below average for the area, which means less yard maintenance—a plus for some. It may limit expansion possibilities or extensive landscaping, but provides a manageable outdoor space.

5. How does this property fit into the broader market?
City-wide, this home is newer than approximately 98% of comparable properties. While it sits below local averages in size and value, it offers a trade-off: you are acquiring a modern asset in an established neighborhood, often at a lower entry cost than for a larger, older home on the same street.