Property Overview
79 Craglea Corner is a two-storey home in Canterbury Park, built in 1980. It sits on a 2,500 sqft lot and features 1,200 sqft of living space, a renovated basement, and a detached garage.
Key Characteristics & Appeal
This home presents a specific value proposition. Its key appeal lies in its efficient use of space; with 1,200 sqft of living area, it ranks well above average for its immediate street, offering more interior room than most direct neighbors. The renovated basement adds functional, modernized space. The lot size is typical for the street but smaller than most in the wider Canterbury Park area, suggesting lower maintenance without sacrificing a private yard.
It would suit first-time buyers or downsizers seeking a manageable property in a mature neighborhood. The below-average sale price for the city indicates an accessible entry point. A thoughtful perspective is that this property outperforms its immediate peers in key metrics (like living area and assessed value on its street), which could signal a well-maintained home in its micro-location, offering relative value within its own circle of comparable houses.
Frequently Asked Questions
1. How does the lot size compare?
The 2,500 sqft lot is around average for the street but is in the top 3% smallest lots for the Canterbury Park neighborhood overall, meaning yards are generally larger in this area.
2. Is the home newer or older than surrounding properties?
Built in 1980, it is typical for Craglea Corner but is considered older than the average home in the broader Canterbury Park neighborhood, where many homes were built more recently.
3. What does the "above average" living area ranking mean?
With 1,200 sqft, this home offers more interior space than 93% of the 46 comparable homes on its own street, making it a relatively spacious option in its direct vicinity.
4. How does the assessed value context inform the price?
The home's assessed value ranks above average on its street but below average for Canterbury Park. This suggests the municipal assessment sees solid value relative to its closest neighbors, while the wider neighborhood has many homes assessed at higher values.
5. Was the last sale price typical?
The home sold for $27,800 in June 2020, which was below the average sale price for the neighborhood and the city at that time, aligning with its position as a more compact property on a smaller lot within the area.