Property Overview
This 1989 bi-level home at 888 Kildare Avenue E in Canterbury Park presents a specific and practical value proposition. Its key appeal lies in being a more recently built home within its immediate area, featuring a renovated basement, but with a compact living footprint. The 680 sqft main living area is notably smaller than most area homes, positioning this property as an efficient, lower-maintenance option. The lot size is also below average for the street and neighbourhood, further reducing upkeep demands. With no garage and a below-average assessed value, it aligns with a modest price point. This home would suit first-time buyers seeking an entry into homeownership with modernized basics, downsizers looking to reduce space and maintenance, or investors considering a rental property with a relatively newer building structure.
Key Details & FAQs
- Key Characteristics: Bi-level style, built in 1989, with a renovated basement. The living space is compact at 680 sqft on a 3,720 sqft lot. It has no garage or pool.
- Primary Appeal: A balance of a newer build (compared to neighbouring homes) with move-in readiness due to the renovated basement, all at a likely accessible price point due to its smaller size.
- Ideal Buyer: The first-time buyer, the downsizer, or the value-focused investor.
Frequently Asked Questions
1. Is the living space too small?
At 680 sqft, the above-ground living area is significantly smaller than typical area homes. This is a defining trait: it enables a lower price and less maintenance but requires a lifestyle suited to efficient use of space. The renovated basement provides crucial additional room.
2. Why is the assessed value much lower than the last sale price?
The assessed value ($29.7k) is for municipal tax purposes and is not a market valuation. The sale price of $260k in 2022 reflects the actual market value at that time, influenced by factors like the renovated basement and market conditions.
3. What does "newer build" mean in this context?
Built in 1989, this home is newer than most on its street (where the average build year is 1969). This can mean updated building materials and systems compared to much older homes, but it is still a 35-year-old property.
4. What are the trade-offs for the below-average lot size?
The 3,720 sqft lot is smaller than area averages, which means less outdoor maintenance—a plus for some. However, it also means limited space for expansions, large gardens, or extensive outdoor recreation.
5. Who might this property not suit?
It is likely not a fit for growing families needing multiple bedrooms and ample living space, or for buyers who prioritize extensive yard space, a garage, or a home with above-average square footage for the area.