Property Overview: 65 Merkel Manza Boulevard
Key Characteristics & Appeal
This 2023-built, one-storey home in Canterbury Park is a study in contrasts, offering a very modern structure on a well-sized lot. Its primary appeal lies in its newness; being only three years old, it ranks in the top 1% of homes city-wide for year built, promising contemporary construction standards and minimal immediate maintenance. The attached garage and generous 5,195 sqft lot provide practical space and are both above average for the neighbourhood.
However, the home presents a specific value proposition. The living area (1,428 sqft) is modest, particularly for its street where it ranks last among comparable homes. The basement exists but is unrenovated, representing both a project and an opportunity for future expansion. This combination makes it ideal for a specific buyer: someone seeking the advantages of a new build—like modern efficiency systems and warranties—who is comfortable with a cozier interior footprint or sees potential in customizing the unfinished basement over time. It suits a first-time buyer, a downsizer wanting single-level living without an older home's upkeep, or an investor looking for a modern rental property in a stable area.
A less obvious perspective is its assessed value positioning. While the sale price appears low relative to the city average, it is actually above average for Canterbury Park. This suggests the property is valued for its newness in an area with many older homes, offering a chance to get into a newer build without paying a premium typical in newer subdivisions.
Frequently Asked Questions
1. Is the price reflective of a small or problematic home?
Not necessarily. The price and assessed value are above average for the Canterbury Park neighbourhood. The modest square footage and unrenovated basement keep the price point accessible, but you're paying primarily for a very recent build year on a good-sized lot.
2. What does the "unrenovated basement" mean?
It means the basement is unfinished. It has been built to code (likely with concrete walls, floor, and utilities stubbed in) but lacks interior walls, ceilings, or finished flooring. It's a blank canvas for future living space, storage, or a rec room, but completing it will require additional investment.
3. How does the lot size compare?
The lot is a strong feature. At over 5,000 sqft, it is larger than average for both Canterbury Park and the city overall, offering ample outdoor space for gardening, play, or entertaining.
4. Who would this home not suit?
It may not suit buyers who prioritize immediate move-in readiness with ample finished space or those needing multiple large bedrooms. The living area is compact, and finishing the basement would be a necessary project to significantly increase the home's functional space.
5. Why is the build year such a standout feature?
The 2023 construction date is exceptionally rare for this area. Canterbury Park's homes average a 1997 build year, meaning this property is a generation newer. This typically translates to better energy efficiency, modern materials, and compliance with current building codes.