Property Overview & Key Characteristics
24 Gables Court is a compact, one-storey home built in 1976, situated on a low-maintenance lot in Canterbury Park. Its primary appeal lies in its renovated basement, which adds functional living space to the 900 sqft main floor. The home presents a practical, entry-level opportunity, particularly suited to first-time buyers, downsizers, or investors seeking a straightforward property in a mature neighbourhood. Its recent sale price was significantly below both neighbourhood and city-wide averages, highlighting its value-oriented position.
A closer look at the provided metrics reveals some thoughtful nuances. While the living area is modest compared to local averages, the home sits on a lot that is larger than many on its own street, offering relative outdoor space for the area. Interestingly, it holds an "Elite" ranking for its year built on Gables Court, meaning it is among the newest homes on that specific street—a plus for a 1970s build. The assessed value is above average for the immediate street but below average for the wider Canterbury Park area, suggesting it may offer a cost-effective way to enter the neighbourhood.
Frequently Asked Questions
1. Is the home in move-in condition?
The listing confirms a renovated basement, but the condition of the main floor (kitchen, bathroom, etc.) is not detailed. A viewing is essential to determine the level of updating required.
2. What are the monthly costs like?
With no garage and a smaller living area, utility bills may be relatively manageable. However, property taxes will be based on the $28,100 assessed value, which is a key figure for budgeting.
3. Is there potential for future expansion or renovation?
The lot size (2,799 sqft) is above the street average, which could provide flexibility for future additions like a garage, deck, or garden suite, subject to city zoning bylaws.
4. How does the price compare to recent sales?
This home last sold in August 2020 for $22,900. This price was well below averages for the street, neighbourhood, and city at that time, indicating it was likely a fixer-upper or estate sale.
5. What is the parking situation?
The listing specifies there is no garage. Buyers should verify driveway space or on-street parking permits during a visit, as this is a practical consideration for the area.