40 Canyon Road

The Ultimate Flexible Compound in San Anselmo: A Charming Main Cottage Plus Two Detached Lifestyle Studios Embrace a rare way of living in Marin with this enchanting, sun-drenched property that offers unmatched flexibility for the modern family. Positioned on a beautifully landscaped parcel between downtown San Anselmo and Fairfax, this property is the ultimate "choose-your-own-adventure" estateperfect for those seeking a multi-generational compound, a premier work-from-home setup, or a savvy way to offset a mortgage with built-in income. The Main Residence: A Light-Filled Sanctuary The heart of the property is a delightful 2-bedroom, 1-bathroom cottage that exudes classic Marin charm. Inside, pitched ceilings and warm wood floors create an airy, expansive feel across the main living spaces. The cottage features its own private outdoor living areas, a one-car garage, and a massive basement below offering incredible storage and laundry facilities. The Bonus Studios: Work, Stay, or Earn In addition to the main home, two bright and welcoming detached studios offer a level of versatility that is incredibly rare to find: The High-End WFH Setup: Designate one or both as quiet, professional home offices entirely separate from the main house. The Family Flex Space: Ideal for an upscale home gym, an art studio, a private guest suite, or a independent space for extended family and young adults. The Financial Superpower: Currently occupied by lovely tenants, these units can continue to generate substantial monthly revenue, serving as a massive subsidy toward your monthly mortgage. A Magical Garden Footprint Outside, the grounds unfurl into a lush, multi-tiered oasis filled with mature trees and flowering plants. A meandering path connects a series of private spaces, including a shaded hammock retreat near the fig tree, hidden garden patios, and a dedicated sun deck for one of the studios. Whether you utilize the entire footprint as a private family compound or let the existing tenants help pay your property down, this is a unique, high-value asset in a premier, pedestrian-friendly location close to top schools, local transit, and vibrant downtown dining.

Days on Market

28 days

Current Status

Active

Original Price

$1,300,000

List Price

$1,300,000

On Market Date

Apr 28, 2026

Property Type

Single Family Residence

Area

San Anselmo

Zip Code

94960

MLS ID

326036063

APN

007-062-10

Year Built

1910

Stories in Building

Unavailable

Number of Units

3

Possession

Close Of Escrow, Subject To Tenant Rights

Data Source

BAREIS

Origin MLS System

Bed

4

Bath

3

Parking

3

Detached, Garage Door Opener, Garage Facing Front, Uncovered Parking Spaces 2+

SQ FT

1,578

SQ FT Source

Assessor Auto-Fill

Lot SQ FT

3,480.0

Lot Acres

0.0799 Acres

Kitchen

Marble Counter, Tile Counter

Cooling

See Remarks

Dining Room

Formal Room

Exterior Details

Uncovered Courtyard

Living Room

Cathedral/Vaulted, Skylight(s), View

Flooring

Tile, Wood

Foundation

Concrete Perimeter

Heating

Central

Laundry

Dryer Included, In Basement, Washer Included

Main Level

Bedroom(s), Dining Room, Full Bath(s), Kitchen, Living Room, Street Entrance

Possession

Close Of Escrow, Subject To Tenant Rights

Basement

Partial

Architectural Style

Bungalow, Cottage

Fee

$0

MLS and other Information regarding properties for sale as shown in Theo have been obtained from various sources such as sellers, public records, agents and other third parties. This information may relate to the condition of the property, permitted or unpermitted uses, zoning, square footage, lot size/acreage or other matters affecting value or desirability. Unless otherwise indicated in writing, neither brokers, agents nor Theo have verified, or will verify, such information. If any such information is important to buyer in determining whether to buy, the price to pay or intended use of the property, buyer is urged to conduct their own investigation with qualified professionals, satisfy themselves with respect to that information, and to rely solely on the results of that investigation.

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.