Property Overview: 840 Cathcart Street
Key Characteristics & Appeal
This 1981-built, one-storey home in Elmhurst sits on a large, approximately 6,276 sqft lot, offering more outdoor space than most properties in Winnipeg. With 1,330 sqft of living space and a finished basement, it provides practical, single-level living. Its key appeal lies in its established neighborhood setting and strong relative value. The home ranks highly for its lot size, assessed value, and living area compared to most of Winnipeg, suggesting it is a competitively priced property with room to grow. It would particularly suit first-time buyers or downsizers looking for a manageable, ground-level layout without sacrificing yard space, or value-focused buyers who appreciate the potential of a solid home on a generous lot in a mature community.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others. For example, its lot size is larger than 74% of all homes in Winnipeg, indicating a premium-sized yard. Its assessment value is higher than 73% of Winnipeg homes, which often correlates with desirability and can be a positive indicator for long-term value.
2. Is a 45-year-old home a concern?
While built in 1981, the home ranks as newer than 64% of Winnipeg's housing stock, meaning it's in a relatively younger cohort for the city. A thorough inspection is always recommended to understand the condition of major systems like roof, windows, and furnace, which may be due for updates.
3. What are the advantages of a finished basement?
It immediately adds flexible living space, which could be used as a family room, home office, or guest area. In a one-storey home, this effectively doubles the usable living area, making the home feel more spacious than the main floor square footage alone suggests.
4. Who might this home not suit?
Buyers seeking a modern, open-concept layout or immediate move-in condition without any projects may find the 1981 layout and potential for updates less appealing. It's also a single-storey design, so those preferring multi-level living might look elsewhere.
5. How significant is the lot size?
At over 6,000 sqft, the lot is a major feature. It provides ample room for gardening, recreation, pets, and future additions like a deck or shed. In mature neighborhoods, lots of this size are often no longer available in new constructions, adding a layer of scarcity and long-term value.