Property Overview: 77 Binscarth Street, Canterbury Park, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 2003, presents a well-maintained and modern option in the Canterbury Park neighbourhood. Its primary appeal lies in its balance of above-average living space (1,575 sq ft) and a manageable lot size (4,866 sq ft), offering room to live without excessive yard maintenance. The attached garage and existing basement (not renovated) provide practical storage and future potential.
The home’s strength is its relative modernity compared to its immediate surroundings; it is notably newer than most on its street and in Winnipeg overall. This suggests updated building systems and potentially lower immediate repair costs. The recent sale price of $450k positions it as an above-average value for the street and city, indicating a solid investment in a stable area. It would suit first-time buyers or small families looking for a move-in-ready home from the 2000s era, as well as practical buyers who value a newer construction date within an established neighbourhood.
A less obvious perspective is the lot size: while below average for the street, it is close to the neighbourhood average. This could be a perk for buyers seeking a more low-maintenance outdoor space while still having a decent yard. The data suggests you're paying more for the quality and size of the home itself rather than an oversized parcel of land.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home recently sold for $450,000, which is above the average for Binscarth Street and for Winnipeg as a whole, but around the average for the broader Canterbury Park neighbourhood. This suggests it's a premium property on its specific street.
2. What does "above average" for year built really mean?
Built in 2003, this home is newer than 88% of homes on its street and 84% of homes citywide. In practical terms, this often means more modern construction standards, materials, and major systems (like plumbing and wiring) with more life ahead of them.
3. Is the basement finished?
No, the basement is noted as "not renovated," meaning it is likely undeveloped. This presents both a blank canvas for future expansion and a clear, upfront understanding that any living space is contained to the 1,575 sq ft above grade.
4. How does the lot size impact the property?
At 4,866 sq ft, the lot is smaller than most on Binscarth Street but is typical for Canterbury Park. This often translates to less time spent on yard work and lower landscaping costs, which can be a welcome feature for many modern buyers.
5. What type of neighbourhood is Canterbury Park?
The provided data shows home values and sizes in Canterbury Park are generally consistent and "around average" compared to the entire city. This points to a stable, established residential neighbourhood without extreme highs or lows in property metrics.