Property Overview
This two-storey home at 70 Romance Lane in Canterbury Park is a modern property built in 2021, offering a move-in-ready opportunity with room to grow. Its primary appeal lies in the combination of a newer build on a generously sized lot that is well above average for both the neighbourhood and the city. The home features an attached garage and an unfinished basement, providing a blank canvas for future expansion. It would suit first-time buyers or young families looking for a modern home in a established area without the premium of a fully renovated basement, or value-conscious buyers who prioritize land size and building age over maximum finished square footage.
A less obvious perspective is the property's strong positional value within its immediate market. While the living space is comfortable, the data indicates its true standout features are the newer construction and the larger parcel of land—assets that are increasingly rare and often command a premium over time. Buyers get the benefits of a newer home (modern building standards, systems, and less immediate maintenance) paired with the space of an older lot.
Frequently Asked Questions
What is the condition of the basement?
The basement is included but is noted as "not renovated," meaning it is unfinished. This presents both a project and an opportunity for future living space, storage, or a recreational area tailored to the new owner's needs.
How does the lot size compare to others?
The land area of approximately 6,329 sqft is a key feature. It ranks in the top 17% on its own street and the top 12% within the wider Canterbury Park area, meaning it is significantly larger than many comparable properties nearby.
Is this a good value for the neighbourhood?
Based on the provided metrics, the home's assessed value and last sale price are around or slightly above average for the immediate street but are positioned as above average when compared to the broader Canterbury Park area. This suggests you are paying for the desirable combination of a newer home on a large lot within this specific community.
What are the implications of the home being built in 2021?
A 2021 build is relatively new, especially for this area. This typically translates to modern building codes, newer major systems (like HVAC and plumbing), and potentially lower immediate maintenance costs. It ranks in the top 6% of homes by year built in Canterbury Park.
What is the potential for future resale or appreciation?
The property's strengths—a newer build on an above-average lot in an established neighbourhood—are fundamentals that tend to hold value. The unfinished basement also adds potential for a future owner to increase the home's value through a legal suite or additional finished living space, subject to local regulations and permits.