Nearly 2,500 sq ft Binbrook Home with Oak Kitchen

Property details for 111 Festival Way, Binbrook

Type: Residential
Style: Other
Bedrooms: 3
Bathrooms: 3
Living Area: 2,500 square feet
Stories: 2
Basement: Finished, Full
Parking: Attached Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Brick, Vinyl siding
Ownership: Freehold
Annual Taxes: $5,777

This 3-bed, 3-bath detached house in Binbrook packs nearly 2,500 sq ft into a 33-foot lot. It was built in 2019 by John Bruce Homes, and it's got that modern spec-home feel but with some real upgrades. The main floor has 9-foot ceilings, oak hardwood, and a gas fireplace with built-in cabinetry in the family room. Kitchen's got oak cabinets, a breakfast bar, and patio doors to the yard. There's a mudroom with laundry and a 2-piece bath off the garage entry. Upstairs, all three bedrooms have walk-in closets. The primary suite includes a 4-piece ensuite (double vanity and walk-in shower). The other two bedrooms share a hall bath that's surprisingly large. The basement is builder-finished, not just painted concrete. There's a big rec room (13'3" x 23'11") plus a utility room. Perfect for a home gym or office. Parking's covered with a double attached garage and a double asphalt driveway. Outside, it's brick and vinyl siding, low-maintenance. You're about 6.7 km from Saltfleet High School and 6.2 km from Eramosa Karst Conservation Area. Zoo's nearby too, if that's your thing. Asking $829,900, which is right in line with the median. Taxes run about $5,777 a year. The market's a bit slow around here, averaging 88 days to sell, but this one's priced to move.

About 111 Festival Way, Binbrook — Property Score

Strong Investment Well Priced

Score: 64/100

Value

Priced 17% below area median of $999,900 based on 10 comparable properties nearby 96

$332/sqft - 8.3% below the $362/sqft area median 82

Stable pricing - no price changes since original listing date 50

Size

2,500 sqft - 0% more space than similarly priced homes (2,489 sqft median) 60

3 bedrooms - 1 fewer than similarly priced 4-bedroom homes nearby 48

3 bathrooms - 1 fewer than similarly priced properties nearby 48

Location

$56K median household income - below the Canadian average of $70K 58

90% of residents hold postsecondary credentials - a highly educated neighbourhood 97

1% homeownership rate - a renter-majority neighbourhood 31

30% of residents commute under 30 minutes - longer average commute times 54

32,980/km² population density - a densely urban setting 50

Market

Just listed - area average is 2 days on market 64

-20.4% median price change over 1 month - declining prices in the area 1

23 months of housing supply - 23 active listings with 1 sold last month (buyer's market) 40

Features

4-car garage - area average is 8.9 spots 95

Finished, Full basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

1 fireplace - a desirable feature for Canadian winters 75

Built in 2019 (7 years old) - recent construction with current building codes, newer than the area average (1999) 80

No premium extras like pool, waterfront, or view 50

Investment

0.7% effective tax rate ($5,777/yr) - below the Canadian average of ~1% 79

99% renter population - strong rental demand in this area 100

Quality

Condition

Listing

38 photos provided - below the area average of 45 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.