Property Overview
This two-storey home at 191 Northcliffe Drive in Canterbury Park is a property defined by its solid fundamentals and relative value within its immediate area. Built in 1986, it stands out on its street as one of the newer constructions. The 1,231 sqft living space is notably above average for Northcliffe Drive, offering more interior room than most direct neighbors. Its appeal lies in its renovated basement, which adds functional space, and its generous 4,322 sqft lot, which provides ample outdoor potential in a mature neighborhood.
The home suits practical, value-conscious buyers. It’s ideal for a first-time homeowner looking for a house with a good foundation in a stable area, or an investor seeking a property with a strong land-to-value ratio. The below-average assessed value for the wider Canterbury Park area suggests it may present a more accessible entry point into the neighborhood. Buyers willing to trade features like an attached garage for lot size and a modernized basement will find the most potential here.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value is around average for its specific street but is below the average for the broader Canterbury Park neighborhood. This can indicate a relative value opportunity within a desirable area.
2. What does the “renovated basement” include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the listing agent to understand the quality and functionality of the space.
3. Is the lack of a garage a significant drawback?
This depends on buyer needs. The property has no garage, but the large lot could allow for the future addition of a shed or detached parking structure, subject to local bylaws.
4. How does the lot size compare?
At 4,322 sqft, the lot is larger than average for both the street and Canterbury Park. This is a standout feature, offering more private outdoor space than many comparable homes.
5. The home was last sold in 2017. What should I consider?
The 2017 sale price was significantly lower than the current assessed value, reflecting market appreciation. It’s wise to research any major changes made since that sale and understand current market conditions in Canterbury Park.