Property Overview
This single-storey home at 11 Binscarth Street in Canterbury Park presents a practical and well-situated option. Built in 1990, its key features include an attached garage and a renovated basement. The property sits on a roughly 5,100 sqft lot, which is a comfortable size for the area. The home itself offers just over 1,100 sqft of living space. Market data positions this home as consistently "around average" for its immediate street, neighbourhood, and city when comparing lot size, living area, and assessed value. Its most notable statistical strength is its age; for its street and city-wide, it ranks above average, meaning it is a newer build compared to many peers. The last recorded sale was in August 2020.
Section 1: Key Characteristics & Appeal
The primary appeal of this property lies in its balance and practicality. It is not an outlier in any category but offers a solid, middle-ground package in a mature neighbourhood. The renovated basement adds valuable finished space, and the attached garage is a key convenience. The lot size is generous enough for private outdoor space without being burdensome to maintain.
This home would suit first-time buyers or downsizers looking for a manageable, low-maintenance property without compromising on indoor and outdoor space. It’s also a sensible fit for an investor seeking a stable rental in a well-established area. A less obvious perspective is that its consistent "average" metrics could be a strength for a buyer wary of overpaying for premium features they don’t need, or for someone who values neighbourhood character over a standout property. It represents a straightforward entry into homeownership without extreme compromises.
Section 2: Frequently Asked Questions
1. What does "around average" for the assessed value really indicate?
It means the municipal assessment is typical for similar homes on the street, in Canterbury Park, and across Winnipeg. This suggests the property is unlikely to have unusually high property taxes relative to its peer group.
2. How significant is the "above average" ranking for the year built?
For a 1990 home, this ranking indicates the surrounding houses on Binscarth Street and across the city are, on average, older. This can be appealing as it often suggests newer building materials and systems, potentially reducing immediate major repair costs compared to much older stock.
3. Is the living area of 1,148 sqft sufficient for a family?
This depends on the family's size and needs. It is slightly below the average for the neighbourhood (1,334 sqft). It could comfortably suit a small family, especially with the additional renovated basement space, but may feel compact for larger households.
4. The last sale was in 2020; is that a concern?
Not inherently. It simply means the current owner has held the property for several years. Market conditions have likely changed since then, so a current market evaluation is essential to understand its present value.
5. What are the implications of the lot size rankings?
The lot is average for the street but larger than many in Canterbury Park and slightly smaller than the city average. This typically means a good balance—you get more yard space than many inner-city neighbourhoods offer, but not an excessively large parcel that demands significant upkeep.