61 Canberra Road – Property Summary

Key Characteristics & Buyer Profile

This is a 1,059 sqft home built in 1961, set on a 3,022 sqft lot. Its standout feature is the construction year—it’s the oldest home on Canberra Road (top 1% on the street) and aligns closely with the average build year in Windsor Park. The assessed value of $270,000 is notably higher than the street average of $253,000 (top 14%), yet well below both the neighbourhood and city medians. Living space is close to the street and neighbourhood averages, while the lot is smaller than typical for the area.

The property’s appeal lies in its combination of a mid-century build with a below-market assessed value relative to the wider community. For buyers who want a home that feels established without paying a premium for land or square footage they don’t need, this represents a more grounded entry point. It suits first-time buyers looking for something solid in an older, settled neighbourhood, or investors targeting properties with low land costs in a location where street-level value is holding up. The discrepancy between the street and neighbourhood assessments also suggests a potential value gap worth looking into.

Five Possible FAQs

1. Why is the assessed value high for the street but low for the neighbourhood?
   The street (Canberra Road) has a relatively low average assessment of $253,000, so this home sits well above that. But Windsor Park as a whole averages $354,000, meaning many nearby homes are assessed significantly higher. This often happens when a street has older or smaller homes than the broader community.

2. How does the smaller lot affect resale or usability?
   At 3,022 sqft, the lot is below average for the street and well below the neighbourhood norm. That means less yard maintenance, but also less space for additions, large gardens, or garages. For resale, it may limit appeal to buyers who prioritize outdoor space, but it keeps the entry price lower.

3. Is the 1961 build a concern for renovation costs?
   Not necessarily—homes from that era are common in Windsor Park and often have solid construction. However, systems like electrical, plumbing, and insulation may be original. A home inspection will clarify what’s been updated. The age itself isn’t a red flag; it depends on maintenance history.

4. How does this property compare to others in the same price range in Windsor Park?
   Homes near $270,000 in Windsor Park tend to be smaller, older, or on smaller lots. This one fits that pattern but stands out for its street-level value ranking. It’s worth comparing similar-priced listings to see if you’re trading square footage for a better location or newer systems.

5. Is the land size likely to be a dealbreaker for lenders or insurers?
   Generally no—land size this small is still standard for many older urban lots. Lenders care more about the overall property value and condition. Insurers may ask about proximity to other structures, but a 3,022 sqft lot is well within normal urban parameters and shouldn’t cause issues.