Property Summary: 761 Cathcart Street
Key Characteristics & Appeal
This 1981 two-storey home in Elmhurst offers a well-proportioned living space of 1,620 sqft on a generous 6,048 sqft lot. Its key appeal lies in its established, roomy setting and strong relative value within the broader Winnipeg market. The home features a finished basement and an attached garage, providing practical family living space.
Its standout characteristic is its competitive ranking across several metrics. It places within the top 30% of all Winnipeg homes for both lot size and living area, meaning it offers more space than most properties in the city. The assessed value also ranks highly, suggesting a solid valuation foundation for its size and location. While the home itself is 45 years old, it ranks as newer than many in its immediate neighborhood, positioning it as a relatively modern option on a mature, established street.
This property would suit buyers looking for a spacious family home in a settled area without a premium price tag. It’s ideal for those who prioritize interior and yard space over a brand-new build, and for value-conscious buyers who appreciate a home that already ranks well above average in key city-wide comparisons. The finished basement adds immediate functional space, appealing to those needing a rec room, home office, or flexible living area.
Frequently Asked Questions
1. What do the rankings actually mean?
The rankings show how this property compares to others in its immediate street, neighborhood (Elmhurst), and all of Winnipeg. For example, ranking in the "top 30%" for living area in Winnipeg means 70% of city homes have less interior space than this one.
2. Is a 45-year-old home a concern?
While not new, the home ranks as newer than 73% of houses on its own street and 64% across Winnipeg, indicating it’s in a mature area where this age is typical or even relatively recent. A thorough inspection is always recommended to understand its specific condition.
3. What is the neighborhood like?
Elmhurst is an established, mature community. The high rankings for lot and home size suggest the area is characterized by spacious properties, offering more room than many newer subdivisions.
4. How does the assessed value relate to the listing price?
The assessed value of $465,000 is for municipal tax purposes and provides a benchmark. It ranks highly, placing above 77% of Winnipeg homes, which indicates the city assesses its value foundation as strong. The listing price may differ based on market conditions, updates, and seller strategy.
5. What are the less obvious advantages here?
The data suggests a unique balance: you get a home that feels spacious compared to the whole city, yet it sits on a street where it doesn't stand out as unusually large or old. This can offer the privacy and room of a larger property while maintaining neighborhood cohesion. The high ranking for assessed value also hints at stable, long-term property tax predictability relative to similar-sized homes.