Property Overview & Key Characteristics
This 1981-built bi-level home at 765 Cathcart Street offers a practical and spacious layout on a large 6,212 sqft lot in Elmhurst. Its key appeal lies in the combination of a finished basement, an attached garage, and an above-average lot size that provides ample outdoor space and potential. The home’s overall metrics are strong, particularly its assessed value, which ranks higher than over 70% of homes across Winnipeg, suggesting solid underlying value for the area.
The property would suit first-time buyers or downsizers looking for a manageable, single-family home with room to grow or garden. It also appeals to the value-conscious buyer who prioritizes lot size and finished living space over a newer build, and who appreciates a home that stands well above the median in terms of municipal assessment within its broader market.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others in its immediate street, neighborhood, and all of Winnipeg. For example, its assessed value ranking in the top 29% city-wide indicates it is viewed as a higher-value property relative to most, which can be a positive factor for long-term equity.
2. Is a 45-year-old home a concern?
While not new, the build year (1981) ranks newer than 73% of homes on its street, meaning the immediate area has older housing stock. This suggests the home may be comparatively updated for the locale, but a thorough inspection is always recommended to understand the condition of major systems.
3. How usable is the finished basement?
The listing confirms a finished basement, which adds flexible living space to the 1,168 sqft main footprint. This is a significant asset for creating separate living, recreational, or work-from-home areas.
4. Who might find the bi-level layout challenging?
The split-entry design involves stairs immediately upon entry. This could be less ideal for those with significant mobility concerns but often provides a clear separation between living and sleeping areas.
5. Why is the lot size a notable feature?
At over 6,000 sqft, the lot is substantially larger than many in urban settings. This offers not just more private outdoor space, but also greater potential for additions, landscaping, or gardening compared to properties with standard-sized lots.