Property Overview
This one-storey home at 233 Alex Taylor Drive in Canterbury Park presents a practical opportunity centered on its generous lot and recent updates. Its key appeal lies in the combination of a very large, 7,386 sqft property—which ranks well above average for both the street and the neighbourhood—with the move-in readiness of a renovated basement. Built in 1985, the house itself offers a modest 1,040 sqft of living space, which is fairly typical for the area. The property suits buyers who prioritize outdoor space and subdivision potential over a large existing footprint, or those looking for a solid, single-level layout with modernized basics. It’s a fit for first-time homeowners, downsizers seeking a manageable home with room for gardens or family gatherings, or investors attracted by the below-average purchase price relative to the lot value.
Frequently Asked Questions
What does the "renovated basement" include?
The listing confirms the basement has been renovated but does not specify the scope. A buyer should inquire about the finishes, whether it includes a legal suite or additional bedrooms, and if permits were obtained for the work.
How does such a large lot affect costs and potential?
While offering excellent outdoor space and future potential, a lot of this size typically comes with higher property taxes and maintenance (like lawn care or snow clearing) compared to neighbouring properties. It may also be subject to specific subdivision or development regulations from the city.
The sale price seems low compared to assessed value. Why?
The home last sold in November 2022 for $33,500, which is below its current assessed value of $37,900. This could reflect the market conditions at that time, the home’s condition prior to the basement renovation, or a non-arms-length transaction. Current market value should be determined by a recent comparative market analysis.
Is the detached garage a standard size?
The listing notes a detached garage but not its dimensions. Given the ample lot size, there is likely room for vehicle storage and additional workshop or garden shed space, but confirming the garage's size and condition is advisable.
How does the home's age (1985) impact it?
Built in the mid-80s, major components like the roof, windows, and heating system may be nearing or past their typical lifespans. The renovated basement is a positive update, but a thorough inspection of these original elements is crucial to understand upcoming maintenance.