Property Overview: 139 Zawaly Bay, Canterbury Park

Section 1: Key Characteristics & Appeal

This is a compact, single-storey home built in 1991, situated on a generously sized lot in Canterbury Park. Its key feature is the land itself—at 4,556 sqft, the lot is notably larger than most on its street and in the immediate area, offering above-average outdoor space. The home’s living area is modest at 985 sqft, and it does not include a garage. A significant positive is the renovated basement, which adds functional living space.

The primary appeal lies in its value proposition as a land play with move-in-ready fundamentals. The renovated basement and newer build year (relative to the city-wide average) suggest major systems and living spaces have been updated, reducing immediate repair concerns. It suits first-time buyers, downsizers, or investors looking for a manageable property with a low maintenance footprint and the potential for future expansion or landscaping projects, thanks to the lot size. It’s a practical choice for those who prioritize a solid foundation and outdoor potential over a large existing interior.

Section 2: Frequently Asked Questions

1. What does the "renovated basement" typically include?
While specifics should be verified, a renovated basement in a home of this era and value range often means it is finished as a livable space—likely with drywall, flooring, and basic amenities—adding crucial extra room for a family room, office, or guests.

2. How does the lack of a garage affect daily life and value?
For some buyers, this is a significant compromise, especially in winter. It means relying on street parking and having no dedicated storage or workshop space. However, this is reflected in the accessible price point, and the large lot does offer the possibility of adding a garage or shed in the future, subject to permits.

3. The assessed value seems low. What does this mean?
The municipal assessed value is for taxation purposes and is often lower than market value. It indicates the home is in a modest price bracket relative to the city, which can mean lower property taxes. The last sale was close to this assessed value, suggesting a stable, entry-level market position.

4. Is the smaller living area a drawback?
At under 1,000 sqft, the above-ground living space is efficient. It will feel cozy for a larger family but is likely adequate for 1-2 people. The renovated basement effectively doubles the usable space, making the overall footprint more practical.

5. The home ranks "below average" for living area in Canterbury Park. Should I be concerned?
This statistic highlights that many homes in the broader neighbourhood are larger. It confirms this property is one of the more compact options in the area, which aligns with its likely price positioning. It’s not a red flag but a clarification of its niche: a more affordable, lower-maintenance option in a neighbourhood with bigger, potentially more expensive homes.