40 Canyon, Irvine, California 92603, Irvine, 92603 - 3 bed, 3 bath
40 Canyon
Irvine, California 92603
Property Price
SUMMARY
Analysis of 40 Canyon, Irvine, California 92603 is currently available with a list price of $1,999,500. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Irvine Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1977, this property has undergone extensive and high-quality renovations within the last 5 years, including a completely new kitchen with modern white shaker cabinets, dark countertops, and new stainless steel appliances. The master bathroom has been fully updated with contemporary large-format tile, a rainfall shower, and a sleek design. New flooring and fresh paint throughout the home contribute to a virtually new interior, meeting current quality standards and making it move-in ready with no deferred maintenance in the primary living areas.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Turtle Rock Elementary School (9/10). Middle School: Rancho San Joaquin Middle School (9/10). High School: University High School (9/10).
- Prime Location & Community Amenities
Nestled in the prestigious Turtle Rock community, this property offers convenient access to UCI, shopping centers, the 405 freeway, and premium community amenities including 3 tennis courts, a sparkling pool, and a playground.
- Extensive Recent Upgrades
The home boasts significant recent upgrades, including entire new flooring, complete new paint, a new kitchen, and a new master bathroom, ensuring a modern and move-in ready condition.
CONSRISKS & DEFICIENCIES
- High Association Fee
The monthly association fee of $637.0 is substantial and adds a significant recurring cost to homeownership.
- Property Age
Built in 1977, despite recent cosmetic upgrades, the underlying structure and core systems are older, which may lead to potential maintenance considerations not covered by the recent renovations.
- Condominium Sub-Type
As a condominium, the property may entail shared walls, potential HOA restrictions, and less private land ownership compared to a detached single-family home, which could be a consideration for some buyers.
About 40 Canyon
Nestled in the prestigious Turtle Rock community, this charming 3-bedroom, with an office on the first floor and 3-bathroom home offers 2,072 square feet of elegant living space. The property boasts stunning vaulted ceilings and exceptional curb appeal. The spacious master bedroom includes a private balcony with a view, perfect for enjoying the serene surroundings. The beautifully landscaped backyard provides an ideal setting for outdoor relaxation and entertainment. Residents will appreciate the convenience of a 2-car garage and access to premium community amenities, including 3-tennis courts, a sparkling pool, and a playground. Recent upgrades include entire new flooring, complete new paint, new kitchen, and master bathroom. Located in the heart of Irvine, this home is close to top-rated schools such as University High, Vista Verde Elementary, and Rancho San Joaquin Middle School. With easy access to UCI, shopping centers, and the 405 freeway, this property offers the perfect blend of comfort, convenience, and luxury
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1977
- Lot Size
- 65,952 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $637.0 / Month
Neighborhood Insights
Irvine Unified Schools
Turtle Rock Elementary School
Grades K-6 • 0.3 mi
Bonita Canyon Elementary School
Grades K-6 • 0.7 mi
Rancho San Joaquin Middle School
Grades 7-8 • 1.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,072 | 1,643 | 78% |
| Lot Size | 65,952 | 36,693 | 70% |
| Price | $2.00M | $1.37M | 78% |
| Price per sq ft | $965 | $885 | 65% |
| Built year | 1977 | 2003 | 13% |
| HOA | $637.0 | $327 | 91% |
| Days on market | 115 | 162 | 26% |
Pricing History
Listed for Sale
Dec 11, 2025
$1,999,500
$2,100,000
-5% Price Drop
Initial Listing
Price Change
Nov 12, 2025
$2,100,000
Initial Listing
Sold
Sep 9, 1999
$382,500
Public Record