940 Mcmeans Avenue E

Property Overview

This single-storey home at 940 Mcmeans Avenue E in Canterbury Park presents a distinct profile. Its primary appeal lies in its exceptionally large, 6,782 sqft lot, which places it in the top 1% for land size on its own street and the top 10% within the neighbourhood. Built in 1990, it is notably newer than most homes on the street. The living space is a modest 957 sqft, and the home features a renovated basement but no garage or pool. It recently sold for $36,500, a price point well above the street average.

The property suits a specific buyer: someone who values land size and potential over a large existing footprint. It’s ideal for a buyer looking for a solid foundation (both literally, with a newer build year, and figuratively, with a renovated basement) on a spacious lot, with an eye toward future expansion, gardening, or simply enjoying ample outdoor space. It may also appeal to investors or downsizers seeking a manageable living area without the maintenance of an older home, provided the lack of a garage is not a barrier.

Frequently Asked Questions

1. Why is the sale price so much higher than the assessed value?
The assessed value is for municipal tax purposes and often lags behind the current market, especially in areas with high demand for land. The sale price reflects what a buyer was willing to pay for the unique combination of a large lot and a relatively modern home.

2. What can I do with such a large lot?
Beyond gardening and outdoor living, the lot size offers significant future potential. It could accommodate a large addition, a detached workshop or studio (subject to zoning bylaws), or simply provide a rare sense of privacy and space in the city.

3. The living area is below neighbourhood average. Is the house too small?
This depends on your needs. The 957 sqft, combined with a renovated basement, offers efficient living space. For many, the trade-off of a smaller interior for a much larger exterior is compelling. It’s a layout that minimizes unnecessary maintenance indoors while maximizing outdoor potential.

4. How does the 1990 build year compare to the area?
It’s a significant advantage on Mcmeans Avenue E, where it ranks in the top 1%. This suggests major systems (roof, wiring, plumbing) are likely more modern and efficient than those in many surrounding homes, potentially reducing near-term repair costs.

5. There’s no garage. Is street parking readily available?
The listing does not specify driveway parking. Given the low density of the street (large lots, single-storey homes), street parking is likely readily available, but this should be verified by visiting the property at different times.