Property Overview: 764 Cathcart Street
This 1977-built 3-level split home in Elmhurst offers a blend of space, established charm, and modern practicality. Its key appeal lies in its generous 8,066 sqft lot—a rarity that provides ample outdoor potential—coupled with a fully finished basement and an in-ground pool. The home's living area (1,425 sqft) ranks above average for its neighborhood, suggesting a comfortable and efficient layout.
The property suits buyers looking for a established, family-friendly neighborhood with room to grow, garden, or entertain. It’s ideal for those who value a large, private yard and recreational features like a pool, and who appreciate a home with recent market validation, as evidenced by its 2023 sale. The strong rankings for assessed and recent sale value relative to the area indicate a solid, competitive investment in a sought-after location. A less obvious perspective is that the home’s age and lot size present a canvas: it’s equally suited for those wanting to move right in as it is for long-term owners who might envision future expansions or landscaping projects to personalize the already substantial outdoor space.
Frequently Asked Questions
1. How does the age of the home (built in 1977) affect maintenance?
While the home is nearly 50 years old, its strong value rankings suggest it has been maintained competitively. Buyers should anticipate potential updates to major aging components like the roof, windows, or HVAC, which is typical for homes of this era, but the recent sale also indicates market confidence in its condition.
2. Is the pool a major factor in the property's value and upkeep?
Yes, the in-ground pool is a significant feature that adds to the lifestyle appeal and summer enjoyment, but it also requires seasonal maintenance, insurance considerations, and ongoing operating costs. It’s a premium amenity that will be a pro for some buyers and a con for others.
3. What do the percentile rankings (e.g., "top 11% in Winnipeg") actually mean?
These rankings compare this property against specific groups. For example, its land size is in the top 11% of all Winnipeg properties, meaning it's exceptionally large. Its recent sale price ranked in the top 16% city-wide, confirming it transacted at a value well above average, which speaks to its desirability and the strength of the Elmhurst area.
4. Who is the typical buyer in this neighborhood?
Elmhurst often attracts families and established professionals seeking stable, mature communities with larger lot sizes, good schools, and a central location within Winnipeg. This property, with its pool and huge yard, particularly suits those prioritizing outdoor living and space.
5. The home sold recently in July 2023. Why is it back on the market?
This is not indicated in the provided data. While sometimes this can signal a quick flip or an unhappy buyer, it can also be due to any number of common life changes (job relocation, family situation). A thorough review of the full listing history and disclosures would be needed to understand the specific context.