Property Overview

This 2011-built cabover home on a spacious 5,244 sqft lot in Canterbury Park presents a specific and compelling value proposition. Its key appeal lies in the combination of a newer build on a large lot, a configuration that has become less common in recent years. The home itself, at 1,512 sqft of living space, is functional but notably smaller than many on its immediate street, suggesting a focus on efficient living rather than sheer size. With an attached garage and an unrenovated basement, it offers solid fundamentals with room for future personalization.

This property would suit a practical buyer who prioritizes land size and a newer building envelope over immediate move-in luxury. It’s ideal for someone comfortable with a home that may feel modest compared to its neighbours but sees potential in the lot and the modern construction year. It could appeal to a young family looking for outdoor space in a mature neighbourhood, or an investor/owner who views the unrenovated basement as a future opportunity rather than a drawback.

Frequently Asked Questions

1. Is the lot size a significant advantage?
Yes. The lot is substantially larger than average for both the immediate street and the wider Canterbury Park area. This offers more private outdoor space and potential for additions, gardens, or play areas than is typical for homes of this age and price point.

2. The living area is noted as "below average" for the street. Should I be concerned?
This indicates the home’s interior is more compact than many of its neighbours. It’s a trade-off: you’re acquiring a newer house on a large lot, but the finished living space is efficient. It’s best for buyers who value the land and building year over expansive square footage.

3. What does "Year Built: Elite — Top 1%" mean for the street?
It means this is the newest home on Edmund Gale Drive, based on the provided data. This is a major advantage, suggesting modern construction standards, less immediate need for major system updates (roof, windows, etc.), and potentially better energy efficiency compared to older homes in the area.

4. How should I interpret the assessed value being "below average" on the street?
The lower assessed value relative to the street likely reflects the home’s smaller living area and unrenovated state. This can be positive for a buyer, as it may indicate a relatively lower property tax burden and a purchase price that is more accessible, while still providing the benefits of the lot and location.

5. The basement is noted as "not renovated." What should I expect?
Expect a blank canvas. The basement is likely unfinished or in a very basic, utilitarian state. This is a key consideration for budget: it offers the potential to add significant living space in the future, but that requires a further investment.