Property Overview
112 Hiley Bay is a well-situated one-storey home in Canterbury Park, built in 2014. Its primary appeal lies in its modern build year, which is notably newer than most homes in the area and city-wide, offering updated infrastructure and less immediate need for major repairs. The lot size is generous and competitive for the neighbourhood, providing good outdoor space. However, the living area is more compact compared to others on its street, suggesting an efficient, potentially easier-to-maintain layout. It features an attached garage and a basement (unrenovated), but no pool.
This property would suit a first-time buyer or downsizer looking for a low-maintenance, modern home in a stable neighbourhood, who values a newer construction over square footage. It’s also a practical option for an investor or buyer comfortable with a smaller interior who sees potential in the unfinished basement and appreciates the above-average lot size for future outdoor enjoyment or expansion.
Key Details & FAQs
- Key Characteristics: Built in 2014 (12 years old) | 1,351 sqft living area | 4,833 sqft lot | Attached Garage | Unrenovated Basement | No Pool
- Neighbourhood Context: The home’s build year is a standout feature, ranking in the top 2% on its own street and top 13% in Canterbury Park. While its interior space is modest for the immediate street, it is average when compared to the wider neighbourhood and city.
- Last Sale: Sold in October 2016 for $352,000.
Frequently Asked Questions
1. Is this a good value for the area?
The assessed value is around average for Canterbury Park. The value proposition centers on paying for a much newer home with a good-sized lot, while accepting a more compact living space than some neighbouring houses.
2. What does the "unrenovated basement" mean?
It indicates the basement is finished to a basic, likely builder-grade standard from 2014 and has not been updated since. It’s functional space but may lack modern finishes or customization. It represents both a cost-saving (lower purchase price) and a future opportunity.
3. Who would this house not suit?
It may not be ideal for buyers who prioritize spacious, open-concept interiors or who need multiple large bedrooms. Families requiring significant indoor living space might find it limiting compared to other homes on the street.
4. How does the lot size compare?
At 4,833 sqft, the lot is above average for the city and typical for Canterbury Park. It offers good outdoor space relative to the home's footprint, which is a positive for gardening, pets, or future additions like a deck.
5. What is the potential here?
The main opportunities are in customizing the unrenovated basement to add living space and value, and in utilizing the proportionate lot. The home’s modern bones (plumbing, electrical, insulation) from its 2014 build are a significant long-term advantage over older homes in the area.