18 Binscarth Street

Property Overview: 18 Binscarth Street, Canterbury Park, Winnipeg

Key Characteristics & Appeal

This is a grounded, well-situated one-storey home in Canterbury Park, built in 1989. Its primary appeal lies in its balance and practicality. The home features a renovated basement and an attached garage, sitting on a slightly above-average sized lot for the neighbourhood (5,486 sqft). With 1,205 sqft of living space, it offers a comfortable footprint that is very typical for the area. The data consistently shows this property is "around average" across key metrics—like lot size, living area, and assessed value—when compared to its immediate street, neighbourhood, and the wider city. This isn't a standout luxury property, but rather a solid, predictable home in a stable context.

Its strongest suit is its lot size within Canterbury Park, ranking in the top 23% locally, which offers more outdoor space than many nearby homes. The recent sale in February 2024 also provides clear, current market valuation. This property would best suit a pragmatic buyer—perhaps a first-time homeowner, downsizer, or investor—who values a turn-key, low-maintenance layout without surprises. It’s for someone who prioritizes a quiet, established neighbourhood character over a brand-new build, and who appreciates the value of a renovated basement and a garage as key functional assets.

Frequently Asked Questions

1. Is the lot size a significant advantage?
Yes, particularly within Canterbury Park itself. The lot is larger than about 77% of comparable properties in the neighbourhood, offering more private outdoor space than is typical for the area.

2. How does the age of the home (1989) affect its value?
Built in 1989, the home is newer than about 77% of all homes across Winnipeg, which is a positive. However, it's very typical for its specific street and neighbourhood. Major components like the roof, windows, and HVAC systems are likely at or approaching key replacement ages, so a thorough inspection is advised.

3. The living area seems modest. Is it suitable for a family?
At 1,205 sqft, it's average for the area. The renovated basement is a crucial factor, as it effectively expands the usable living space. It would likely suit a small or starter family well, but may feel tight for those needing multiple large bedrooms or dedicated offices on the main floor.

4. The assessed value and recent sale price seem very close. What does that indicate?
The close alignment between the 2024 sale price ($433k) and the assessed value ($429k) suggests the property is priced very close to its official municipal valuation. This can indicate a fair, market-reflective price and potentially provide some stability for future property tax calculations.

5. What is the broader context of this "around average" data?
The consistency of the "around average" rankings is actually a mark of stability. It means the property holds its own without extreme highs or lows in any category. For a buyer, this reduces the risk of overpaying for fleeting features or discovering a major drawback not reflected in the price.