Property Overview & Key Characteristics
This bi-level home at 173 Allenby Crescent in Canterbury Park presents a distinct value proposition centered on space and established character. Built in 1974, its key appeal lies in its generous proportions relative to its immediate area. The living area of 1,402 sq ft is notably larger than most homes on Allenby Crescent, and the lot size of over 5,200 sq ft is also above average for the street and neighbourhood. This combination offers room to grow or enjoy outdoor space—a relative rarity for the area. The home features a renovated basement, adding to its functional living space.
Its appeal is grounded in practicality for buyers seeking a well-sized home in a mature neighbourhood without a premium price tag, as reflected in its last sale price. It would suit a first-time buyer or a downsizer looking for a single-level living layout (bi-level) with more interior and yard space than typical comparables. A thoughtful perspective is that while the home is older than many in Canterbury Park, it is actually newer than most on its own street and even the city-wide average, suggesting a well-built vintage among established homes. The lack of a garage may be a trade-off for some, but it is reflected in the accessible price point.
Frequently Asked Questions
1. How does the "renovated basement" add value?
A renovated basement immediately expands the usable living area, potentially creating space for a family room, home office, or additional bedrooms without the need for a costly renovation project upfront.
2. The assessed value seems low. What does this mean?
The assessed value is for municipal tax purposes and is not a market valuation. Its lower assessment relative to some city-wide averages can indicate a correspondingly lower property tax burden, which is a positive for ongoing ownership costs.
3. What are the implications of having no garage?
This means all parking will be driveway or street parking. For buyers with multiple vehicles or who prioritize sheltered parking, this is a consideration. However, it often allows for a larger yard and contributes to a more affordable entry point into a home of this size.
4. The home is older than the neighbourhood average. Should I be concerned?
While newer than many homes city-wide, its 1974 build date means systems like roofing, windows, and plumbing may be due for updates or diligent maintenance. A thorough inspection is advised, but the home's above-average size for the street is a compensating factor.
5. How does the lot size compare practically?
At over 5,200 sq ft, the lot is larger than many in the immediate area. This translates to more private outdoor space, greater distance from neighbours, and potential for gardening, play areas, or future additions like a shed or deck, subject to local bylaws.