Property Summary: 3 Cathurst Place, Elmhurst, Winnipeg
Key Characteristics & Appeal
This 1981-built, one-storey home sits on a large, approximately 7,668 sqft lot in Winnipeg's Elmhurst neighbourhood. Its key features include 1,569 sqft of living space, a finished basement, and an attached garage. The home's standout appeal lies in its combination of generous outdoor space and a practical, single-level layout, which is increasingly sought after. Its competitive rankings suggest a property that offers more land and living space than many comparable homes in the wider city, while presenting a value-oriented opportunity within its immediate street.
This property would particularly suit first-time buyers or downsizers looking for a manageable single-storey home without sacrificing yard size. It also appeals to the value-conscious buyer who sees potential in a home from the early 80s, possibly as a long-term hold in a mature neighbourhood. A less obvious perspective is its appeal to those who prioritize privacy and space over a brand-new build; the large lot provides a sense of openness that is harder to find in newer subdivisions, and the home's established setting offers a settled, community feel.
Frequently Asked Questions
1. How does the lot size compare to typical properties?
The lot of approximately 7,668 sqft is notably larger than many, ranking in the top 13% for size across all of Winnipeg. This is a significant asset, offering ample outdoor space for gardening, recreation, or future expansion.
2. What is the significance of the various ranking percentages?
The rankings compare this home to others on its street, in Elmhurst, and across Winnipeg for metrics like size, age, and assessed value. For example, ranking in the top 24% for living space city-wide means it is larger than 76% of Winnipeg homes, indicating above-average interior space.
3. The home was built in 1981. What should I consider?
While the core structure is 45 years old, this era of home often features solid construction and roomy floor plans. A thorough inspection is key to understand the condition of major systems (roof, wiring, plumbing) and any updates that may have been made over the years.
4. The assessed value seems high relative to the last sale price. Why?
The 2023 assessment is $47.2万, while the last recorded sale was $38.5万 in 2016. Assessments for tax purposes don't always equal market value. The increase reflects market changes over seven years, but the final sale price will be determined by current market conditions and buyer competition.
5. Who might this property not suit?
Buyers seeking a modern, turn-key home with recent renovations may find this property requires some updates. It may also not suit those who prioritize a brand-new neighbourhood aesthetic or who do not want the maintenance responsibility that comes with a larger, mature lot.