Property Overview & Key Characteristics
This bi-level home at 260 St Martin Boulevard in Canterbury Park presents a specific and practical value proposition. Its key appeal lies in its efficient scale and recent updates, positioned within a mature neighbourhood. The 809 sqft living area is compact, making it a low-maintenance option. A significant feature is the renovated basement, which adds functional space. The home sits on a 3,099 sqft lot, which is smaller than area averages but translates to less yard work. Built in 1976, it is notably newer than many immediate neighbours, potentially suggesting fewer concerns with some aging infrastructure common in older builds.
The property would suit first-time buyers seeking an entry point into homeownership with modernized interiors, or downsizers looking to reduce maintenance without leaving the neighbourhood. Its assessed value is modest relative to the wider city, indicating a potentially accessible price point. A thoughtful perspective is that while the living space is below average in size, the renovated basement effectively expands usable area, and the smaller lot represents more time and financial freedom rather than a limitation.
Frequently Asked Questions
1. Is the smaller lot size a disadvantage?
While below the neighbourhood average, the 3,099 sqft lot requires less upkeep and lower landscaping costs, which can be a benefit for those seeking a low-maintenance lifestyle.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Viewing the property or requesting details from the listing agent is necessary to understand the finish quality and layout of this additional space.
3. How does the 1976 build year compare?
For this specific street, 1976 is a newer build, ranking in the top 1%. This could be advantageous compared to older homes on the block, but a professional inspection is still recommended to assess the condition of all major systems.
4. Who might this property not suit?
Buyers requiring substantial above-ground living space, those desiring a large yard for gardening or recreation, or families needing multiple large bedrooms may find the scale of this home too compact.
5. How is the assessed value so much lower than the city average?
The assessed value reflects a municipal valuation for tax purposes, not market value. It is influenced by the home's smaller size and the neighbourhood's overall valuation. Market price is determined by current buyer demand and comparable sales.