Property Overview
This 1971 bi-level home at 626 Cathcart Street in Elmhurst offers a practical and spacious family living environment. Its primary appeal lies in the generous 7,341 sqft lot, which is significantly larger than most properties in Winnipeg, ranking in the top 14% city-wide. The home itself provides 1,388 sqft of living space, which is comfortably above average for its immediate street and neighborhood. Key features include a finished basement and an attached garage. With an assessed value of $432,000, it positions itself above many area comparables.
The property is well-suited for buyers prioritizing outdoor space for gardening, play, or future expansion over a brand-new build. It’s a solid choice for families or long-term owners who value the established, quiet character of Elmhurst and are comfortable with a home that has been maintained over five decades. The rankings suggest a property that trades modern finishes for space and land—a classic "good bones" proposition where the value is in the lot and the potential for personalization.
Frequently Asked Questions
1. What does the "bi-level" design mean for daily living?
A bi-level typically features a short flight of stairs to the main living area, with another short flight down to a lower-level family space. This creates a distinct separation between living zones, which can be great for noise containment and defined spaces, but may involve more stairs than a bungalow.
2. The house is over 50 years old. What should I be mindful of?
While systems like roofing, windows, and the furnace may have been updated over time, a pre-purchase inspection is crucial to assess the condition of major components. The large lot is a major asset, but the age suggests budgeting for ongoing maintenance typical of any mature home.
3. How significant is the lot size, really?
At over 7,300 sqft, the lot is a standout feature. It offers rare space for a large garden, recreational areas, or additions like a shed or deck. In the long term, land of this size in a established neighborhood often holds and appreciates its value independently of the structure.
4. The assessment is higher than many neighbors. Is that good or bad?
A higher assessment generally reflects the property's larger size and finished basement compared to nearby homes. It's a positive indicator of its relative standing and perceived value by the assessor, but the final market price is determined by current buyer demand.
5. What's the feel of the Elmhurst neighborhood?
Elmhurst is a mature, established community with a mix of long-time residents and families. The rankings show this home is larger and on a bigger lot than most in the area, suggesting a quiet, settled streetscape without the premium price tag of newer, centrally planned suburbs.