Property Overview
736 Cathcart Street is a well-established, one-storey home in Winnipeg's Elmhurst neighbourhood. Built in 1977, its key characteristic is a generous 7,407 sqft lot, which provides ample outdoor space that is rare for many in-city properties. The home itself offers 1,133 sqft of living space with a finished basement and a detached garage. Its appeal lies in this combination of a large, private yard and a practical, low-maintenance single-level layout. The property’s assessed value ranks highly within Winnipeg, suggesting a solid foundation of value for the area.
This home would best suit first-time buyers, downsizers, or practical investors looking for a manageable footprint without sacrificing outdoor room. It’s ideal for someone who values space for gardening, pets, or family activities more than a large or modernized house. The rankings indicate it’s a competitively sized property on its street, but its true standout feature is the lot size, offering long-term potential that many newer subdivisions cannot match.
Frequently Asked Questions
1. What is the neighbourhood like?
Elmhurst is a mature, established community with a mix of long-time residents and younger families. Its tree-lined streets and larger lot sizes contribute to a more spacious, suburban feel while remaining within Winnipeg.
2. Is the basement a legal suite?
The listing notes the basement is finished but does not specify it as a legal secondary suite. A buyer should verify its current configuration and compliance with local regulations if rental income is a goal.
3. How does the assessed value relate to the likely selling price?
The assessment of $436,000 is a municipal valuation for tax purposes. While it indicates the home is valued above the Winnipeg average, the actual selling price will be determined by the current market, condition, and buyer demand.
4. What are the main considerations for a home built in 1977?
Homes of this era may have original major systems, like roofing, windows, or heating. A thorough inspection is advised to understand the condition and to budget for any updates, which can also be seen as an opportunity to customize.
5. What is the advantage of such a large lot?
Beyond immediate outdoor space, the lot size is a long-term asset. It offers privacy, room for additions like a shed or deck, and future development potential (subject to zoning), which can be a significant value-driver as infill becomes more common.