Property Overview
83 Tunbridge Bay is a well-situated one-storey home in Canterbury Park, offering a practical layout on a generous lot. Its key appeal lies in the balance between its renovated basement, detached garage, and a land size that is notably above average for the neighbourhood. Built in 1975, it is one of the older homes on its street, which can suggest a more established, mature setting. The living space is compact at 988 sqft, positioning this as a efficient, low-maintenance home rather than a spacious one.
This property would suit first-time buyers or downsizers looking for a solid entry into a stable area without the upkeep of a large house. The renovated basement adds valuable flexible space for a growing family, a home office, or a recreation room. A thoughtful perspective is that while the home itself is modest in size, the proportionally large lot (5,268 sqft) offers significant outdoor potential and future value, whether for gardening, expansion, or simply enjoying more private space than is typical in the area.
Frequently Asked Questions
How does the lot size compare to others?
The land area of 5,268 sqft is in the top 26% for Canterbury Park, meaning it's significantly larger than many neighbourhood lots. On its own street, it's also above average, offering more outdoor space than most direct neighbours.
Is the home older than others nearby?
Yes. Built in 1975, it's older than about 91% of homes in Canterbury Park, but it's actually one of the newer homes on Tunbridge Bay itself. This indicates a street with mature character and established landscaping.
What does the "renovated basement" include?
The provided details confirm the basement is renovated but do not specify the finishes or layout. This is a key point to clarify with the listing agent to understand the quality and functionality of the space.
How is the assessed value so different from the sale price?
The 2024 sale price was $360,000, while the assessed value is noted as $35.80k. This large discrepancy is because the listed "Assessed Value" metric appears to show only a portion of the total assessment (likely the land or building value alone). The sale price is the relevant market figure.
Who would this home not suit?
Buyers seeking a modern, open-concept layout or extensive main-floor living space may find the 988 sqft footprint limiting. It's best for those who value lot size and basement potential over a large main floor.