Property Overview
This bi-level home at 42 Binscarth Street in Canterbury Park presents a practical opportunity. Built in 1986, it sits on a notably spacious lot that is larger than most in the immediate area and neighbourhood. The home itself has a renovated basement and a detached garage. Its living space is modest compared to others on the street, but is generally in line with the broader city average. Recent sale prices have been below average for the neighbourhood, while its current assessed value is around the middle range for comparable properties.
Key Characteristics & Appeal
The primary appeal of this property lies in its land. The lot size is a standout feature, offering above-average outdoor space for the Canterbury Park area, which is ideal for gardening, recreation, or future expansion. The renovated basement adds flexible living space, a valuable update in a home of this vintage. Its recent sale history suggests it may represent a relative value entry point into the neighbourhood.
This home would suit a first-time buyer or a practical downsizer looking for a manageable footprint without sacrificing yard size. It’s also a candidate for those with a longer-term vision, as the generous lot provides options not always available in established suburbs. The buyer should be comfortable with a home whose interior space is functional rather than expansive, seeing potential in the land and the already-completed basement renovation.
Frequently Asked Questions
Is the lot size unusual for this area?
Yes. The land area is in the top 20% for Canterbury Park, meaning you're getting more yard than most homes in the neighbourhood, which is a key differentiator for this property.
How does the home's size compare?
The living area is below average for Binscarth Street itself but is around the average when compared to all homes across Winnipeg. It's a compact bi-level layout.
What does the sale history indicate?
The home sold below the neighbourhood average price in both 2017 and 2020. This could reflect the property's condition at those times, its specific features, or market timing, but it's a point for buyers to explore.
Is a 1986 home considered old?
Context matters. On this street and in Canterbury Park, it's around the average age. Citywide, however, it's actually newer than about 73% of Winnipeg homes, so its systems and structure may be more modern than a typical older city home.
What is the immediate neighbourhood like?
The very close proximity of neighbouring houses (15-30 meters) is evident from the listing data. This suggests a typical, close-knit suburban feel, which offers community but with less privacy than a more sprawling lot.