Property Overview
This 2016-built, one-storey home at 23 Bill Larkin Lane in Canterbury Park presents a specific and appealing profile. Its key characteristic is a modern build on a generous, above-average lot for the immediate street and neighbourhood. While the living space is more compact at 1,235 sq ft, the property benefits from an attached garage and an unrenovated basement, offering functional space and future potential. The home’s assessed value positions it as a premium option citywide but more accessible within its own desirable enclave.
Key Characteristics & Ideal Buyer
The primary appeal lies in the balance of a newer, low-maintenance build with a substantial land footprint—a combination that can be rare. It suits buyers who prioritize a modern foundation (like updated electrical, plumbing, and insulation) and value outdoor space or future expansion potential over sheer interior square footage. The unrenovated basement is a blank canvas for customization. This property is an excellent match for downsizers seeking single-level living without sacrificing yard size, or for strategic buyers who see value in a home where the investment has gone into the structure and land rather than finished upgrades. A less obvious perspective is that its "below average" living area for the street might translate to a lower property tax base compared to larger neighbours, while still providing the benefits of the location and lot.
Frequently Asked Questions
1. Is the basement finished?
No, the basement is not renovated, meaning it offers raw space that can be finished to a new owner's specific needs and timeline.
2. How does the lot size compare?
The land area of 5,064 sq ft is above average for both Bill Larkin Lane and the wider Canterbury Park neighbourhood, offering more private outdoor space than many comparable properties.
3. What does the "below average" living area ranking mean for this home?
It means the home's interior square footage is smaller than most on its specific street. This reflects a more efficient or compact layout, which can be appealing for those seeking easier maintenance and lower heating costs, in a newer build.
4. Why is the assessed value higher than the last sale price?
The home sold in August 2021 for $448,000. The current $460,000 assessed value reflects the municipality's estimate of its market value for tax purposes, which has risen since that last sale, consistent with broader market trends.
5. What are the benefits of a 2016 build?
A home built just 10 years ago typically requires less immediate major maintenance and incorporates modern building codes, energy efficiency standards, and materials, offering move-in readiness and predictable operating costs.