Property Overview: 47 Foxborough Road, Canterbury Park
Key Characteristics & Appeal
This bi-level home at 47 Foxborough Road presents a specific and compelling value proposition. Its primary strength lies in its generous 7,500 sqft lot, which ranks well above average for both the immediate street and the wider Canterbury Park neighbourhood. This offers significant outdoor space and potential in a city where larger lots are increasingly rare. The home itself is more modest, with a below-average living area of 919 sqft, suggesting a property where the land is a greater asset than the current structure. Key features include an attached garage and a renovated basement, adding functional living space.
The appeal here is grounded in opportunity and location. It suits a practical buyer—perhaps a first-time homeowner, an investor, or a downsizer—who prioritizes land size and future potential over immediate square footage. It’s a property for someone who sees value in the ability to expand, renovate, or simply enjoy a sizable yard in a mature neighbourhood. The assessed and recent sale value sits consistently around the average mark for its area, indicating a stable, fairly priced entry into a market where such a large lot is an uncommon find.
Frequently Asked Questions
1. Is the living space too small for a family?
While the main living area is compact, the renovated basement provides additional room. The layout may suit a small family or those comfortable with efficient use of space, with the large yard serving as a major extension of the living area.
2. What does the "above average" lot ranking actually mean for me?
It means you are getting a property with more land than most homes on the street and in the neighbourhood. This provides greater privacy, room for gardening, play, or future additions like a deck or shed, and could contribute to long-term value.
3. The home was built in 1985. What should I be aware of?
While younger than the city-wide average, a home of this age will have systems (like roof, windows, furnace) that are likely mid-to-late in their lifespan. A thorough inspection is advised to budget for any upcoming maintenance or updates.
4. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes. The fact that it sold for exactly the assessed value in late 2021 suggests a stable market perception, but current sale prices are determined by today's market conditions and should be evaluated with a real estate professional.
5. Who would this property NOT suit?
It may not suit buyers seeking a large, move-in-ready home with ample indoor space or those unwilling to consider future renovations. The value is weighted toward the land, so buyers prioritizing immediate, spacious interiors might find it limiting.