Property Overview: 23 Binscarth Street, Canterbury Park, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 1989, sits on a standard-sized lot in Canterbury Park. Its primary appeal lies in its above-average living space (1,562 sq ft), offering more room than many comparable homes in the immediate area and across Winnipeg. The property features an attached garage and a basement that is present but unrenovated, presenting a clean slate for future development.
The home’s value is grounded in its solid, middle-of-the-road metrics. Its assessed value and sale price are consistently around the average for its neighbourhood and city, suggesting a stable, established value without premium or discount extremes. This makes it a practical choice rather than a standout luxury purchase. It would suit first-time buyers or growing families looking for a spacious, no-fuss home in a mature community, where the potential for basement development could add future value. A thoughtful perspective is that its "average" rankings across several categories indicate a lower risk of overpaying for transient trends, positioning it as a sensible, long-term holding in a balanced market.
Section 2: Frequently Asked Questions
1. How does the lot size compare?
At just over 5,000 sq ft, the lot is typical for Binscarth Street and the Canterbury Park area. It is neither particularly large nor small, offering standard outdoor space for the neighbourhood.
2. Is the home newer or older than others nearby?
Built in 1989, it is very close to the average build year for its street and neighbourhood. Citywide, however, it is notably newer than the average Winnipeg home, which may mean fewer concerns related to the aging components common in much older properties.
3. What does "above average" living area mean for this home?
With 1,562 sq ft of living area, the home is noticeably more spacious than many direct peers. This means more interior room for the price compared to other homes in its value range, which is a key advantage.
4. Does the recent sale price indicate good value?
The 2023 sale price of $380k was around the citywide average but above the average for Binscarth Street itself. This suggests buyers paid a slight premium, likely for the home’s greater living space, relative to its immediate neighbours.
5. What is the potential with the basement?
The listing confirms a basement exists but is not renovated. This represents both a current limitation on finished living space and a clear opportunity for future customization and increased home value, subject to the necessary investment and permits.