Property Overview
This two-storey home at 50 Tom Nichols Place in Canterbury Park is a modern property built in 2018, offering a turnkey lifestyle with room to grow. Its primary appeal lies in its generous proportions and desirable location. The home features over 2,100 square feet of living space, which is notably larger than most homes in both the immediate neighbourhood and citywide. It sits on a substantial lot of over 7,300 square feet, providing ample outdoor space—a relative rarity for a newer build. With an attached garage and an unrenovated basement, it offers practical living with clear potential for future customization.
The property is ideally suited for growing families or professionals seeking a spacious, low-maintenance home in a well-established area. It’s also a strong fit for buyers who value newer construction (with updated building standards and systems) but still want a sizable yard, a combination that can be hard to find. The data suggests it represents above-average value for its assessed price point within the Canterbury Park community, appealing to those looking for a long-term home with solid fundamentals.
Frequently Asked Questions
1. How does this home compare to others in the area?
The home stands out for its size and age. Its living area is in the top 3% for Canterbury Park, and it's built nearly two decades newer than the neighbourhood average. The lot size is also significantly above the city average.
2. Is the basement finished?
No, the basement is not renovated. This presents a blank canvas for future expansion, such as adding a recreation room, home office, or additional bedrooms, subject to permits.
3. What does the "Elite" or "Top" ranking mean for the assessed value?
These rankings compare the home's assessed value to similar properties. An "Elite" ranking in the neighbourhood indicates its value is among the highest, which often reflects its larger size, newer construction, and desirable location relative to other homes in Canterbury Park.
4. The home sold in 2021. What does that price indicate?
The 2021 sale price provides historical context, but the current assessed value is the more relevant figure for understanding its municipal valuation today. Market conditions and property values have likely shifted since that last sale.
5. What is the potential for future resale or value growth?
Key value drivers here are the enduring appeal of a large lot and spacious interior in a mature neighbourhood. The newer construction may also mean lower immediate costs for major repairs (like roofing or windows) compared to an older home, which is attractive to future buyers.