53 Binscarth Street

Property Overview

This 3-level split home at 53 Binscarth Street in Canterbury Park is a property defined by its generous outdoor space and recent, significant updates. Built in 1986, it sits on a large 6,427 sqft lot that ranks well above average for both the street and the neighbourhood. Key features include a renovated basement, an attached garage, and a private pool. With 1,069 sqft of living space, the interior is functionally sized rather than expansive, placing it around the citywide average. The home last sold in 2022 for $420,000, a price point that was around average for Winnipeg at the time.

Key Characteristics & Appeal

The primary appeal of this property lies in its land and specific amenities. The lot size is a standout feature, offering ample room for gardening, recreation, and privacy—a notable advantage in a mature neighbourhood. The addition of a pool and a renovated basement directly caters to in-home leisure and entertaining, shifting the value proposition from pure square footage to lifestyle upgrades. It’s a home that offers more outside and below grade than its main living area might suggest.

This home would suit a buyer looking for established community charm without sacrificing private outdoor space. It’s ideal for those who value a large yard for children, pets, or summer gatherings, and who appreciate move-in-ready updates like the finished basement. It may particularly appeal to a second-time buyer seeking more land than typical newer subdivisions offer, or a downsizer who still wants room for family visits and hobbies without the upkeep of a larger house.

Frequently Asked Questions

1. How does the lot size compare to typical properties?
The 6,427 sqft lot is substantially larger than both the Canterbury Park average (~4,807 sqft) and the average for the street itself. It ranks in the top 12% locally, making outdoor space a key asset.

2. Is the living area smaller than similar homes?
At 1,069 sqft, the above-grade living area is modest. It is below the average for Binscarth Street and roughly average for the wider city. The renovated basement and outdoor amenities effectively expand the usable space.

3. What does the sale history indicate?
The 2022 sale at $420,000 followed a previous sale in 2019 for $37,500. The 2019 transaction appears to be a non-arms-length transfer (like a family sale or title change), not a market sale. The 2022 price is the relevant market benchmark.

4. Are the property taxes in line with the assessed value?
The assessed value of $45,700 is notably low and not reflective of the home’s market value. Property taxes would be based on the mill rate applied to this assessment figure, not the sale price. Buyers should verify the current tax amount.

5. What is the neighbourhood context for this price?
The 2022 sale price was around average for Winnipeg overall (top 34%) and typical for the Canterbury Park neighbourhood. This suggests the home is priced within a competitive mid-range market segment, with its value supported by its lot and updates.