618 Cathcart Street

Property Summary: 618 Cathcart Street, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated Elmhurst bungalow offers a classic and practical living arrangement on a notably large, mature lot. Its key characteristics include a 1970 build with over 1,000 sqft of living space, a finished basement, and an attached garage. The standout feature is the 7,341 sqft property, which provides exceptional outdoor space and potential relative to typical city lots.

The primary appeal lies in its balance of space, location, and value. The home suits first-time buyers or downsizers looking for a manageable single-story layout with room to grow outdoors, or investors seeking a property with solid fundamentals and land value. Its competitive rankings—particularly outperforming 86% of Winnipeg homes on lot size—highlight a less obvious advantage: it offers a rarity (ample land) in a market where that is increasingly scarce. While the interior is functional, the true value proposition is the land itself, suggesting future potential for expansion, gardening, or simply enjoying generous private space in a mature neighborhood.

Section 2: Frequently Asked Questions

1. What is the significance of the provided rankings?
The rankings compare this property against others on its street, in Elmhurst, and across all of Winnipeg for metrics like lot size, age, and assessed value. They are a quick visual indicator of how it stacks up competitively in each category.

2. The home is older; what should I consider?
Built in 1970, it ranks in the older segment for its immediate area. Buyers should budget for updates consistent with a home of this age and consider a thorough inspection, but also appreciate the character and established neighborhood that come with it.

3. How does the large lot size benefit me?
Beyond extra privacy and yard space, a lot of this size (over 7,300 sqft) is a long-term asset. It provides flexibility for additions, recreational use, or landscaping projects that aren't possible on standard lots, contributing to the property's enduring value.

4. Who is the typical buyer in this area?
Elmhurst attracts a mix of long-time residents, families drawn to the spacious lots and quieter streets, and buyers seeking a stable, established community close to city amenities without the premium of newer suburbs.

5. The assessment is $386,000; is the list price similar?
Assessed value is for municipal tax purposes and is a data point informed by past market activity. The final list or sale price is determined by current market conditions, the property's specific state, and seller motivation. It's essential to compare it with recent sales of similar properties in Elmhurst.