Property Summary: 566 Cathcart Street, Winnipeg
Section 1: Key Characteristics & Appeal
This property is a classic 1970s one-storey home in Elmhurst, built on a notably large, mature lot of over 8,000 square feet. Its key appeal lies in this generous outdoor space, offering significant potential for gardening, expansion, or simply enjoying a private, sizable yard—a rarity in many urban areas. The home itself is modest in size at 1,077 sqft and features a finished basement, providing flexible living space.
The data reveals a compelling contrast: while the house is older and of average size for its area, the land parcel ranks in the top tiers locally. This positions it as a solid value proposition for a specific buyer. It would suit a practical homeowner who prioritizes land over a large footprint, sees potential in a well-located lot, and is comfortable with a home that may require updates reflective of its era. It's also a candidate for those considering a future renovation or addition, where the lot size is a critical asset.
Section 2: Frequently Asked Questions
1. What does the ranking data actually tell me?
It shows the property's position relative to others. Crucially, its land size ranks very high (top 11% in Winnipeg), while the building's age and size are more average. This highlights the lot as the standout feature.
2. Is the finished basement legal and up to code?
This is a critical verification step. While listed as "finished," you should confirm with your inspector and the city that any work was permitted and meets current building and safety standards.
3. What are the implications of a 1970s build?
Expect original or aging core components like windows, roof, and major systems (electrical, plumbing, HVAC). A thorough inspection is essential to budget for potential updates, but this era of home also often features solid construction.
4. There's no garage. What are the parking options?
The listing notes no garage. You should investigate driveway space or on-street parking regulations directly to ensure it meets your needs.
5. Why is the assessed value lower than some nearby properties?
The assessment reflects the current state and size of the home itself. The significant lot value may not be fully realized in the assessment until the property is improved or the land is considered for redevelopment, which can represent an opportunity.