Property Overview: 98 Wynford Drive, Canterbury Park
Key Characteristics & Appeal
This well-situated one-storey home in Canterbury Park offers a practical and low-maintenance living arrangement on a generous lot. Its key features include a renovated basement and a private pool, which are significant value-adds in this market. The 5,499 sqft lot is notably larger than most in the immediate area, ranking in the top 19% on its street, providing ample outdoor space rarely found with homes of this style and era.
The appeal lies in its balance of space, updates, and location. The renovated basement adds functional living area, while the in-ground pool creates a private recreational oasis. The home’s assessed value ranks highly on its street, suggesting it is a well-regarded property within its peer group. It would suit first-time buyers or downsizers looking for a manageable single-level layout without sacrificing yard space, as well as anyone valuing the convenience of move-in-ready updates and the luxury of a personal pool without the need for a large, high-maintenance house.
A less obvious perspective is the home’s positioning as a land-play. The lot size is substantially above the neighbourhood average, meaning a significant portion of the property's value is in the land itself, which could be appealing for future expansion or long-term investment in the area.
Frequently Asked Questions
1. How does the property’s age affect its condition?
Built in 1975, the home is typical for the street but older than many in the wider Canterbury Park area. This underscores the importance of a thorough inspection, particularly for major systems like roof, plumbing, and electrical, though the renovated basement indicates proactive updates.
2. Is the lack of a garage a drawback?
While the property has no garage, the very large lot provides ample space for driveway parking and potential for adding a garage or carport in the future, subject to local bylaws.
3. What do the ranking metrics actually tell me?
They contextualize the home against immediate neighbours, the broader neighbourhood, and the city. For example, the land size is a standout feature locally, while the living area is comfortably average, confirming this is a home with a premium on outdoor space.
4. How does the sale history inform the current value?
The home sold recently in late 2022 for $44,500k, which was well above the street average at that time. This strong past performance, coupled with its high assessed value ranking on the street, suggests it has been a desirable property.
5. What are the ongoing costs associated with the pool?
Prospective buyers should budget for seasonal opening/closing, ongoing maintenance, chemicals, and increased utility (water) costs. It’s also prudent to inquire about the pool's age, equipment condition, and whether it’s heated.