Property Overview
This 1974 three-level split at 422 Redonda Street in Canterbury Park is a home defined by its balance of space and value. Its key appeal lies in its generous 5,498 sqft lot, which is notably larger than many in the immediate area and neighbourhood, offering ample outdoor potential. The home itself, with 952 sqft of living space, is more compact, suggesting a efficient layout. A recently renovated basement adds modern living space and is a significant practical upgrade. The detached garage provides useful storage or workshop space.
Its profile suits first-time buyers or practical downsizers looking for a manageable home with a standout yard in a well-established neighbourhood. The below-average assessed value relative to the area indicates a potentially accessible entry point into Canterbury Park. A thoughtful perspective is that an older home (1974) on a large lot in a mature neighbourhood often presents future opportunities, whether for gardening, expansion, or simply enjoying more private outdoor space than is typical for the price.
Frequently Asked Questions
1. How does the lot size compare practically?
The lot is in the top 22% for Canterbury Park, meaning it’s significantly larger than most in the neighbourhood. This is the property's standout feature, offering more privacy and room for activities, gardens, or sheds than typical area homes.
2. The living area is noted as below average. How is the layout?
As a three-level split, the 952 sqft is distributed across multiple shorter flights of stairs. This can create defined separate zones (like a quiet upper bedroom level) and can feel larger than a single-floor layout of the same square footage, but it does mean more stairs daily.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify finishes or rooms. This should be a key inspection point to understand the quality, legal compliance, and whether it includes a bedroom, bathroom, or simply finished living space.
4. Is the lower assessed value a concern?
Not necessarily. It primarily reflects the home's older age and modest size for the area. It can be an advantage, potentially leading to lower property taxes. The last sale was in 2017 for $27,500, so market value will be determined by current condition and updates.
5. Who would this neighbourhood suit?
Canterbury Park is a mature, central neighbourhood with older homes and large lots. It suits those seeking established community character, tree-lined streets, and larger outdoor spaces over brand-new builds and modern suburban layouts.