Property Overview

This 1980, three-level split home at 19 Craglea Corner in Canterbury Park presents a unique profile. Its primary appeal lies in the combination of a generously sized, above-average lot (over 5,000 sq ft) within a mature neighbourhood, paired with a recently renovated basement. The living space itself is modest at 860 sq ft, which is below average for both the neighbourhood and city, suggesting a home that prioritizes its land and layout over sheer interior size. The detached garage adds practical storage or workshop space.

This property would suit a first-time buyer or downsizer looking for a manageable interior to maintain without sacrificing outdoor space. It’s also a candidate for a long-term holder who values the potential of the lot itself—whether for gardening, expansion, or future redevelopment—over immediate square footage. The renovated basement adds valuable flexible space, making it workable for a small home office or separate living area.

Key Questions & Answers

1. Why is the assessed value relatively high for the street, but the sale price seems low?
The most recent sale in early 2025 was for $34,500, which aligns closely with the current assessed value of $33,800. This suggests a sale under unique circumstances, possibly a lot-value transfer between parties. The previous sale in 2019 was for $260k, which is a more traditional residential benchmark for the home.

2. Is the house too small for a family?
With 860 sq ft of living area, the main floors are compact. However, the three-level split design and renovated basement can help create distinct zones, and the large lot provides crucial outdoor living space. It would suit a small or young family comfortable with efficient living, but may feel tight for those needing multiple large bedrooms or common areas.

3. What does the "top 4%" ranking for land area on the street actually mean?
It means this property has one of the largest lots on Craglea Corner, outperforming 96% of its direct neighbours in terms of sheer land size. This is the home's standout feature, offering more privacy and yard space than most on the block.

4. The home was built in 1980. What should I be aware of?
While the basement has been renovated, a home of this age will have original major systems, like the roof, windows, and heating. A thorough inspection is essential to understand the condition and any upcoming capital expenses typical of a mature home.

5. How does this property fit within Canterbury Park?
The data shows a contrast: it has a larger-than-average lot for the immediate street but a smaller-than-average living area for the wider Canterbury Park neighbourhood. This positions it as a land-value proposition in a well-established area, rather than a standard family-sized home.