Property Overview & Key Characteristics
This 1986 three-level split at 181 Alex Taylor Drive in Canterbury Park presents a compelling blend of space, value, and location. Its primary appeal lies in its generous 7,531 sqft lot, which ranks in the top 9% for size on its own street and the top 7% within the neighbourhood. This offers significant outdoor space and potential in a city where larger lots are increasingly rare. The home itself features a renovated basement and an attached garage, with a living area of 1,077 sqft that is typical for the area.
A standout, less obvious feature is its exceptionally high assessed value relative to its immediate street—ranking in the elite top 4%—which suggests the property is viewed favourably in terms of its condition or improvements compared to direct neighbours. While the home’s living space is average, the combination of a premium-sized lot and strong assessment creates a unique value proposition. It would suit first-time buyers or downsizers looking for manageable indoor space without sacrificing yard size, or investors/renovators who see potential in the solid lot and the already-renovated basement.
Frequently Asked Questions
1. Is the lot size a major advantage?
Yes. The property’s land area is substantially larger than most lots on its street and in Canterbury Park, offering more privacy, yard space, and future potential than is commonly available in this market.
2. What does the high assessed value ranking on the street indicate?
It indicates that, according to municipal assessment, this property holds a higher value than 96% of comparable homes on Alex Taylor Drive. This often reflects updates, desirable features, or a premium condition relative to its immediate peers.
3. Is the living space small for a 3-level split?
At 1,077 sqft, it is slightly below the neighbourhood average but is consistent with many homes of this style and era. The split-level design can make the space feel larger than the square footage implies, and the renovated basement adds functional living area.
4. How does the 2016 sale price relate to today’s value?
The previous sale price of $35.70k provides historical context, but the current assessed value of $43.70k reflects the municipality’s updated valuation for taxation. Market value will be influenced by current conditions, the renovated basement, and the desirable lot size.
5. Who might this property not suit?
Buyers seeking a modern, open-concept layout or very large interior square footage may find the home’s 1980s floor plan and average living area less appealing. The appeal here is weighted toward the land and overall value rather than expansive interior rooms.