Property Overview
This 1976 bi-level home at 232 St Martin Boulevard in Canterbury Park is a compact, no-frills property that presents a clear value proposition. Its key appeal lies in its recent basement renovation and its position as one of the newest homes on its street, built five years later than the local average. With 820 sqft of living space on a 3,099 sqft lot, it is a smaller home both for the street and the wider neighbourhood. It has no garage or pool. The home last sold in April 2023 for $26,300, which is below the average for the area, and it carries a modest assessed value.
This property would suit a first-time buyer, an investor, or someone looking for a minimalist footprint. Its below-average price point for Canterbury Park offers an entry into a stable neighbourhood, while the renovated basement adds functional living space. It’s not suited for those needing ample room, multiple parking spaces, or a modern, turn-key home.
Frequently Asked Questions
1. Is this a good investment property?
Given its low purchase price and assessed value, it could be a candidate for a rental investment. The renovated basement may allow for a potential secondary suite (subject to municipal approval), which could improve cash flow.
2. How does the lot size affect future plans?
At 3,099 sqft, the lot is smaller than most in the area. This may limit possibilities for large additions, a detached garage, or extensive outdoor landscaping, but it also means less maintenance.
3. The home is "newer" on the street. What does that mean practically?
Built in 1976, it is newer than the 1971 street average. This could imply slightly updated construction materials or standards for its time, though core systems (roof, wiring, plumbing) are still nearly 50 years old and should be inspected.
4. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's relatively small size, modest finishes, and lack of features like a garage. It is priced as an economical option within its market.
5. What is the neighbourhood like?
Canterbury Park is an established, mature neighbourhood. The property's metrics suggest it is among the more modest homes in the area, offering a cost-effective way to access the community's amenities and stability.