Property Overview & Appeal
This two-storey home at 40 Fieldhouse Way in Canterbury Park is a modern, high-specification property built in 2024. Its primary appeal lies in its new construction status combined with generous proportions. The home features a renovated basement, an attached garage, and a notably large lot of over 7,700 sqft, which ranks in the top quarter for its immediate street and top 6% for the neighbourhood. With over 2,300 sqft of living space, it offers significantly more room than most local and city-wide comparable homes, placing it in the top 5% and 1% respectively.
The home suits buyers seeking a move-in ready, contemporary property without the wait or uncertainties of new construction. It’s ideal for those who value ample indoor and outdoor space in a well-established area, and for investors or owner-occupants who prioritize statistical outperformance, as the home ranks in the elite percentiles for year built, size, and assessed value on every scale provided.
A thoughtful perspective is that this property offers the rarity of a brand-new home on a mature lot, providing instant landscaping and established neighbourhood character that brand-new subdivisions often lack. Its recent sale price significantly above the assessed value suggests a premium market recognition that may not be fully captured by the valuation metrics alone.
Frequently Asked Questions
1. How does the lot size compare to typical homes?
The land area of 7,748 sqft is substantially larger than the averages for the street (5,882 sqft), Canterbury Park (4,807 sqft), and even the city-wide average for comparable homes (6,570 sqft). It offers above-average outdoor space.
2. Is the home truly a "new build"?
Yes, it was built in 2024, making it one of the newest homes available. It ranks in the top 1-2% for year built compared to its neighbourhood and the entire city.
3. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the finish. A professional inspection or inquiry with the listing agent is recommended to confirm the layout, finishes, and whether it is a legal suite.
4. The assessed value is $690k, but it sold for $728k. Why the difference?
The sale price reflects the current market value agreed upon by a buyer and seller, which can be influenced by factors like interior finishes, market conditions, and demand. The government assessment is an estimate for taxation purposes, often based on older data, and frequently lags behind rapid market movements, especially for very new homes.
5. Who are the most likely neighbours or comparable buyers?
Given its top-tier rankings in size, newness, and value for Canterbury Park, it likely appeals to growing families, professionals seeking a premium home in a convenient location, and buyers who previously considered custom builds but want immediate occupancy. The similar nearby properties suggest a consistent, high-quality streetscape.