Property Overview
This 1977-built, one-storey home at 704 Cathcart Street offers a practical and spacious family living environment in Winnipeg's Elmhurst neighborhood. Its key appeal lies in its generous 7,343 sqft lot—a significant size that ranks within the top third of properties across the city—providing ample outdoor space for gardening, play, or future expansion. The 1,226 sqft living area is complemented by a finished basement and an attached garage, presenting a complete, move-in-ready package. Its overall assessed value ranks higher than two-thirds of Winnipeg homes, suggesting a solid investment in a well-established area.
The property is particularly suited to first-time buyers or growing families seeking a manageable single-level layout without sacrificing yard space. It also appeals to value-oriented buyers who prioritize land size over a newer build, as the home's lot is its most competitive feature. A thoughtful perspective is that while the home itself is of average age and size for its local area, the lot represents a long-term asset that is increasingly rare, offering privacy and potential that newer subdivisions often lack.
Frequently Asked Questions
1. How does the age of the home (built in 1977) affect its condition and potential costs?
While the home is nearly 50 years old, its assessed value remains strong. Buyers should budget for standard maintenance and updates expected for a home of this vintage, such as roofing, windows, or mechanical systems, but the finished basement and good rankings suggest it has been maintained.
2. What does the "finished basement" include?
The listing confirms a finished basement but does not specify the details. A viewing is essential to determine the layout, ceiling height, legal egress, and whether it includes a bathroom or separate entrance.
3. The lot is large, but how is it shaped and is it usable?
At over 7,300 sqft, the lot is a major asset. The exact shape, orientation, and topography (flat or sloped) aren't detailed here and would influence its use for recreation, gardening, or adding structures like a shed or deck.
4. Why is the home's ranking for "newness" lower than its other rankings?
The data shows the home is newer than only 28% of properties in Elmhurst, meaning the neighborhood has many newer homes. This isn't necessarily negative; it indicates a mature, established streetscape, but it does contextualize the home's age within its immediate area.
5. What is the neighborhood (Elmhurst) like for families?
While not detailed in this data, Elmhurst is a established Winnipeg community. The high lot-size ranking suggests spacious properties, and the home's strong value ranking indicates a stable, desirable area. Researching local schools, amenities, and traffic would be the next step.