Property Overview

This single-storey home at 191 George Marshall Way in Canterbury Park presents a compelling proposition centered on its land. The key characteristic is its exceptionally large, nearly 10,000 sqft lot, which ranks in the top 1% for size both on its street and within the desirable Canterbury Park neighbourhood. While the 957 sqft living space is modest and below the area average, the home is practical with a renovated basement and a detached garage. Built in 1990, its age is typical for the immediate area.

The primary appeal lies in the rare opportunity to secure a large, flat parcel in a well-regarded community. This isn't just a home; it's a property with significant future potential. It perfectly suits a buyer with a vision—perhaps someone looking for extensive outdoor space, room for additions, or a future rebuild on a premium lot. It also appeals to value-conscious purchasers who prioritize location and land size over a large existing footprint, and who are comfortable with a home that may require updates to match the lot's prestige.

Frequently Asked Questions

1. Is the assessed value of $41.5k the purchase price?
No, the assessed value is for municipal tax purposes. The home last sold in 2019 for $34.6k. Market value is determined by current conditions and would likely differ significantly from both figures.

2. The living area seems small for the neighbourhood. Is the house outdated?
The living area is below average for Canterbury Park. The listing confirms a renovated basement, which adds functional space. The home's age (1990) suggests some interior features may be dated, but the large lot often means buyers are investing in the property's potential as much as the current structure.

3. What makes the lot so valuable?
At 9,973 sqft, it's more than double the size of many standard city lots. This offers unparalleled privacy, space for gardens, recreation, or future projects like a large deck, workshop, or even a pool. In a mature neighbourhood like Canterbury Park, lots of this size are extremely rare.

4. Who would this property not suit?
It may not suit buyers seeking a large, move-in-ready home with no projects. The modest living area and likely need for cosmetic updates could be a drawback for those who prioritize immediate, spacious modern living over long-term land value and potential.

5. How does the detached garage impact the property?
A detached garage provides excellent storage or workshop space but means you'll walk to your car in winter. For some, this is a worthwhile trade-off for the additional separate space it provides on such a large lot.