Property Overview: 49 Binscarth Street, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home in Canterbury Park is defined by its practical lot size and recent basement renovation, set within a mature, established neighbourhood. Its appeal lies in being a more affordable entry point into a stable area, offering a balance of space and value. The lot is above average for Canterbury Park, providing good outdoor room relative to many city properties, while the home's living area is compact. The renovated basement adds functional living space, a key update for a home of this vintage.
It would suit first-time buyers or practical downsizers looking for a lower-maintenance property without leaving a well-regarded neighbourhood. It’s also a candidate for value-conscious investors or buyers comfortable with a home that has a smaller main footprint but offers potential through its finished lower level and sizable yard. A thoughtful perspective is that while the interior space is modest, the proportionally larger lot offers a sense of openness and future flexibility that can be rare in this price segment.
Section 2: Frequently Asked Questions
1. Is the living space too small?
At 963 sqft above grade, the living area is below average for the street and neighbourhood. However, the renovated basement significantly expands the usable space, making the overall footprint more practical for daily living.
2. How does the assessed value relate to the sale price?
The home last sold in 2019 for $29,900, while its current assessed value is $37,400. It's important to consult a real estate professional for a current market valuation, as both historic sale prices and municipal assessments are not direct indicators of today's listing price.
3. What does the "above average" lot ranking mean?
The lot size of 5,449 sqft ranks in the top 23% for Canterbury Park, meaning it's larger than many in the immediate neighbourhood. This is a standout feature, offering more private outdoor space than typical comparables.
4. Is a home built in 1987 a concern?
Built 39 years ago, the home is around the average age for its street and neighbourhood. While major systems like the roof, windows, and furnace are likely not original, their specific age and condition should be verified during an inspection.
5. What are the implications of a detached garage?
A detached garage provides flexibility and can be a plus for workshops or storage. However, it means navigating the elements during Winnipeg winters when moving between your vehicle and the house.