Property Overview
102 Romance Lane is a modern two-storey home in Canterbury Park, built in 2021. It features an attached garage and a basement that is present but not renovated. The home sits on a 3,280 sqft lot and offers 1,378 sqft of living space. It last sold in August 2021 for $400,000.
Section 1: Key Characteristics & Appeal
This home’s primary appeal is its modern build in a well-established neighbourhood. Being only a few years old, it likely offers contemporary layouts, energy efficiency, and minimal immediate maintenance, which is a notable advantage in a city where many homes are significantly older. The lot size is modest for the street but typical for Canterbury Park, offering manageable outdoor space.
Its assessed value is currently below average for Romance Lane itself, which could indicate potential for value growth as the home matures, especially if the basement is finished. The property would suit first-time buyers or downsizers seeking a modern, low-maintenance home without the premium of a brand-new build. It’s also a practical fit for those who value a newer construction but prefer the mature trees and settled community feel of an older neighbourhood like Canterbury Park over a brand-new subdivision.
Section 2: Frequently Asked Questions
1. Is the basement finished?
No, the basement is included but is noted as "not renovated." This presents a blank canvas for future expansion but requires investment to finish.
2. How does this home compare to others on the street?
The home is newer than most on Romance Lane (ranking in the top 22%), but its lot and assessed value are currently below the street's average. This suggests you're buying a newer structure on a potentially smaller or more standard lot for the area.
3. What does the "around average" living area mean for Canterbury Park?
With 1,378 sqft, the living space is very typical for the neighbourhood. You can expect a comfortable size that aligns with area norms, neither exceptionally large nor small.
4. The last sale was in 2021 for $400k. What does the current assessed value indicate?
The assessed value is $39.40k (this typically refers to the taxable assessment, not market value). Compared to the 2021 sale price, this assessment is part of the city's valuation for tax purposes. A professional market appraisal is needed to determine current fair market value.
5. Who would this home not suit?
It may not be ideal for buyers seeking a large lot or extensive yard space, as the land area is below the city-wide average. It also may not suit those looking for a fully turnkey property with a finished basement ready for immediate use.