Property Overview
This 1974 three-level split at 4 Chaucer Place in Canterbury Park is a home defined by its context. Its key appeal lies in the combination of a large, private lot in a well-regarded neighbourhood with a recently renovated basement, offering a solid value proposition for a specific buyer.
Key Characteristics & Ideal Buyer
The home sits on a generous 5,798 sqft lot, which is notably larger than most in Canterbury Park and provides a rare sense of space and potential for outdoor living or gardening. The interior living space (952 sqft) is modest, indicating a efficient, manageable layout. A significant positive is the renovated basement, adding modernized living area. The detached garage offers flexible storage or workshop space.
Its appeal is grounded in value and potential. For the price point, you are primarily acquiring an excellent lot in a desirable neighbourhood, with the home itself serving as a functional starting point. This property would suit a pragmatic first-time buyer, an investor, or a downsizer who prioritizes location and land size over a large or modern interior. It’s for someone comfortable with a home whose core structure is from the 1970s but sees value in the updated basement and the opportunity to personalize the space over time.
Frequently Asked Questions
1. Is the lot size a major advantage?
Yes. The lot is in the top 17% for size within Canterbury Park, meaning it offers more privacy and yard space than most properties in the area, which is a significant and less common feature.
2. The living area seems small. How is the layout?
As a 3-level split with 952 sqft, the floor plan is likely efficient but compartmentalized. The renovated basement effectively adds usable space, making the total living area more comfortable than the main floor square footage alone suggests.
3. How does the year built (1974) affect the home?
It places the core systems and structure of the home at 50 years old. While the basement is renovated, buyers should budget for potential updates to original components like windows, roof, or heating systems, which is typical for homes of this era.
4. What does the assessed value tell me?
The assessed value ($36.30k) is a municipal figure for tax purposes and is notably lower than the last sale price ($38.60k in 2022). Market value is determined by current sale prices, not assessment, so consult recent neighbourhood sales for a true comparison.
5. Is this a good investment for the neighbourhood?
Canterbury Park is a stable, above-average neighbourhood. Purchasing one of the smaller homes on a large lot in such an area can be a strategic entry point, offering potential for future appreciation based on the land value and the option to renovate or expand.