Property Overview
87 Tunbridge Bay is a well-maintained one-storey home in Canterbury Park, built in 1975. Its key appeal lies in its balance of established character and modern updates, set on a generous lot. The home features a renovated basement and a detached garage. Its living space of 1,050 sq ft is comfortable for its style, but the significant asset is the 5,122 sq ft lot, which offers ample outdoor space for gardening, play, or expansion relative to many city properties.
This property would suit first-time buyers or downsizers looking for a manageable single-level layout in a mature neighbourhood. It’s also a practical choice for value-focused buyers who appreciate a home with a major renovation (the basement) already completed and who prioritize private outdoor space over a large interior footprint. The home’s older build date but above-average condition for its street suggests it has been cared for, appealing to those who want a move-in-ready home without the premium of a new build.
Frequently Asked Questions
1. How does the lot size compare to others?
The land area is above average for the Canterbury Park neighbourhood and about average for the specific street. It provides more usable outdoor space than many typical city lots.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key detail to clarify with the seller or listing agent.
3. Is the assessed value a reliable indicator of the sale price?
Not directly. The assessed value for municipal taxes is $36,600, but the home last sold for $280,000 in 2020. Market conditions, updates, and demand determine the sale price, not the assessment.
4. What are the implications of the home being built in 1975?
While older, the home ranks very well for its age on Tunbridge Bay itself (top 6%), indicating it is among the newer homes on the street. Buyers should still consider the potential age of major systems like roof, windows, and plumbing.
5. How does this home fit within the area's pricing?
Its last sale price was below average for the neighbourhood and city at the time. This could indicate a value opportunity, but it may also reflect the home's smaller living area or the specific market conditions of 2020. A current market evaluation is essential.