Property Overview
This 1985 bi-level home at 8 Alex Taylor Drive in Canterbury Park presents a specific and practical value proposition. Its key appeal lies in its renovated basement and a land size that is proportionate and manageable for the neighbourhood. The home’s living space is compact at 826 sqft, positioning it well below average for the area, which directly influences its accessible price point. This is not a sprawling property, but rather an efficient one. It would suit first-time buyers seeking an entry into the market, downsizers looking to reduce maintenance without leaving the community, or investors interested in a property with a proven rental history and a functional layout. The appeal is grounded in practicality and location over sheer size, offering a lower-maintenance yard and a home that has already seen updates where it counts—in the finished basement.
Frequently Asked Questions
1. How does the smaller living area impact daily life?
The floorplan is efficient, making it suitable for individuals, couples, or small families. The renovated basement effectively doubles the usable living space, providing crucial room for recreation, a home office, or additional bedrooms.
2. Is the lack of a garage a significant drawback?
While a garage is absent, the property’s below-average price reflects this. For many buyers in this segment, dedicated street parking or the potential to add a shed or carport is an acceptable trade-off for a lower purchase price.
3. The assessed value seems low; does that indicate a problem?
Not necessarily. The assessed value for tax purposes is often significantly lower than market value, especially for older homes that haven’t been reassessed recently. The last sale price of $260k is a more relevant indicator of its market value.
4. What are the less obvious benefits of an "average" sized lot here?
A 5,037 sqft lot in this area strikes a balance. It provides adequate outdoor space for gardening or relaxation without the demanding upkeep of the larger, above-average lots in Canterbury Park, aligning with a low-maintenance lifestyle.
5. As a 1985 build, what should I be mindful of?
While the basement has been renovated, a home of this age may have original major systems (like roof, windows, or furnace) nearing the end of their typical lifespan. A thorough inspection is advised to budget for any potential updates, which is typical for homes in this vintage and price bracket.