Property Summary: 740 Cathcart Street, Winnipeg
Key Characteristics & Appeal
This is a well-established, single-storey home in Elmhurst, built in 1978. Its primary appeal lies in its generous, mature lot of nearly 7,850 square feet, which is significantly larger than most properties in Winnipeg and places it in the top 12% city-wide for land size. The home itself is a practical 1,056 sqft bungalow featuring a finished basement and an attached garage. While the living space is modest, the property’s standout value is the substantial outdoor space it offers, providing ample room for gardening, recreation, or future expansion.
The home’s strong overall value is reflected in its assessment, which surpasses two-thirds of Winnipeg properties. It suits buyers looking for a solid, no-frills home in a mature neighbourhood, where the land itself is a major asset. It would particularly appeal to those who prioritize private outdoor space over a large interior, first-time buyers seeking a manageable footprint with room to grow, or long-term investors valuing the stability and potential of a large lot in an established area. A thoughtful perspective is that this property represents a trade-off: you're choosing a very competitive lot size and location ranking over a more modern or spacious interior, making it ideal for a buyer whose vision extends beyond the current walls of the house.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Elmhurst, and across all of Winnipeg. For example, its land size ranks in the top 12% in the city, meaning it's larger than 88% of Winnipeg properties. Conversely, its living area is smaller than about 63% of city homes.
2. Is the basement included in the 1,056 sqft living area?
No, the 1,056 sqft refers to the above-ground living space. The home also has a separate, finished basement, which adds additional usable space.
3. What are the implications of a 48-year-old home?
A home of this age will likely have had major components updated over time. A thorough inspection is crucial to understand the condition and age of core systems like the roof, windows, plumbing, and electrical, which may need attention or represent future projects.
4. How does the large lot impact maintenance and costs?
The nearly 7,850 sqft lot offers great potential but also requires more upkeep than a standard yard (e.g., lawn care, landscaping). Property taxes may also be influenced by the lot's size and assessed value.
5. What is the neighbourhood of Elmhurst like?
Elmhurst is a mature, established residential community in Winnipeg. It typically offers a quiet, family-friendly atmosphere with older homes and tree-lined streets, benefiting from the convenience of nearby amenities developed over decades.