Property Overview
This bi-level home at 19 Tunbridge Bay in Canterbury Park is a property of interesting contrasts. Built in 1975, it sits on a well-sized lot of over 5,200 sq ft, which is notably spacious for the immediate street and the wider neighbourhood. The home features a renovated basement, a detached garage, and the rare perk of a private pool. However, its living space is compact at 894 sq ft, ranking below average in size for the area.
Its appeal lies in its outdoor potential and updated fundamentals. The generous, private yard with a pool offers a recreational oasis, while the renovated basement adds functional living space. The home suits first-time buyers or downsizers who prioritize land and outdoor amenities over interior square footage, and who are looking for a move-in-ready property with lower maintenance than a larger house. It’s a practical choice for someone valuing a stable, established neighbourhood like Canterbury Park, where the lot size itself is a long-term asset.
Frequently Asked Questions
1. Is the living area too small?
At 894 sq ft, the above-ground living area is modest. The renovated basement significantly adds to the usable space, making the overall footprint more practical for a small household or couple.
2. How does the assessed value relate to the sale price?
The last sale was in 2017 for $300,000, while the current assessed value is $36,700. It’s crucial to understand that the assessed value is for municipal tax purposes and is not a market valuation. The market price is determined by current conditions and buyer demand.
3. What does the lot size ranking mean for me?
The lot is in the top 27% for size within Canterbury Park. This means you get more private outdoor space than most homes in the neighbourhood, a valuable feature for gardening, play, or entertaining, especially with the existing pool.
4. Is a 1975 home a concern?
The year built (1975) is actually newer than most on its street (top 6%), suggesting the immediate area is well-established. While systems like roof and plumbing may need consideration due to age, the renovated basement indicates some updates have been made.
5. How does this compare to the nearby reference property at 15 Tunbridge Bay?
The reference property, sold more recently, is larger (1,120 sq ft) on a similar lot and had a comparable assessed value. This highlights that 19 Tunbridge Bay trades some interior space for features like the renovated basement and pool, catering to different priorities.