Property Summary: 577 Cathcart Street
Key Characteristics & Appeal
This 1970-built, single-storey home in Elmhurst sits on a notably large, mature lot of nearly 9,000 sqft—a rare find that places it in the top tier of properties locally for land size. With 1,200 sqft of living space and a finished basement, it offers practical, single-level living. The core appeal lies in its established setting and the significant potential inherent in its expansive, private yard, which is larger than over 90% of lots in Winnipeg. While the home itself is of average size for the area and is older, its value proposition is anchored by this substantial land parcel.
It would best suit a buyer who prioritizes outdoor space, privacy, and long-term potential over a modern or recently built home. It’s a solid choice for someone comfortable with a property that has good "bones" and land value, possibly seeing it as a canvas for future gardens, additions, or simply enjoying established neighborhood greenery. The finished basement adds flexible space for a growing family or hobbies.
Frequently Asked Questions
1. What does the lot size ranking actually mean?
The rankings show that this property’s land area is larger than 93% of lots on its street, 83% in Elmhurst, and 92% across all of Winnipeg. This highlights the lot as a key and uncommon asset.
2. Is the house in need of major updates?
Built in 1970, the home is older than most in its immediate area (ranking in the bottom 15-20% for age on its street and in Elmhurst). Buyers should budget for updates consistent with a home of this era, though the finished basement suggests some previous modernization.
3. How does the assessed value compare?
At $376,000, the assessment is fairly middle-of-the-road for the street but is higher than about 60% of homes across Winnipeg, reflecting the influence of the large lot on its valuation.
4. What are the implications of a single-storey design?
The one-storey layout offers accessibility and easy living without stairs, which can be a major benefit for many buyers. However, it means all primary living spaces are on one level, making efficient use of the 1,200 sqft footprint important.
5. There’s no garage. How is parking?
The listing indicates no garage. Prospective buyers should investigate on-site parking options (like a driveway or carport) and also consider typical street parking availability in this mature neighborhood.