Property Overview: 816 Cathcart Street
Key Characteristics & Appeal
This is a well-established, single-family home in Elmhurst, built in 1978. Its key features include a fully finished basement, an attached garage, and a notably large 7,000 sqft lot, which offers ample outdoor space—a relative rarity in the city. With 1,359 sqft of living space, the home is larger than most in its immediate area and across Winnipeg.
The appeal lies in its combination of space, location, and value. The property ranks highly for its lot size, living area, and assessed value within its community and the wider city, suggesting a solid investment in a mature neighborhood. It suits buyers looking for a move-in-ready, single-story home with room to grow, garden, or entertain outdoors. It would particularly fit growing families seeking space without a sprawling commute, or downsizers who want a manageable single-level layout but don’t want to compromise on yard size. A thoughtful perspective is that this home represents a "grounded" opportunity: it’s not the newest, but its above-average rankings in key metrics indicate a property that has maintained relevance and utility in a stable neighborhood, offering more tangible space for your dollar than many newer builds.
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 (Elmhurst), and all of Winnipeg. For example, being in the top 17% city-wide for lot size means you’re getting more land than 83% of Winnipeg properties.
2. Is a 48-year-old home a concern?
While systems like roof, windows, and HVAC may need evaluation or updating due to age, the home’s above-average rankings for living space and assessed value suggest it has been maintained and valued well over time. A thorough inspection is always recommended.
3. Who benefits most from a fully finished basement?
It immediately adds flexible living space, which is ideal for a growing family needing recreation or guest rooms, a home office, or a separate area for multi-generational living.
4. The assessed value is high for the area. Is that good?
Ranking in the top 3% on its street and top 27% in Elmhurst for assessed value can be positive, indicating the property is considered valuable by the assessor. However, it’s important to understand how this translates to the current market price and property taxes.
5. What’s the advantage of such a large lot?
Beyond simple gardening or play space, a 7,000 sqft lot in a mature neighborhood offers long-term potential for additions like a large deck, shed, or even future development, subject to zoning, providing options that smaller lots do not.