Property Overview
This 1965 bi-level home at 222 Cathcart Street offers a classic Varsity View layout with a fully finished basement and a generous, mature lot. Its appeal lies in the combination of a quiet, established neighbourhood and a property that outperforms many city-wide benchmarks. The home ranks in the top 19% of Winnipeg for lot size and the top 34% for assessed value, suggesting strong underlying property value relative to the market. It would suit a practical buyer looking for space and stability over modern finishes—someone comfortable with a home from the 1960s who sees potential in its good bones and large yard. It's a solid choice for a young family seeking entry into a desirable area or an investor attracted by the lot size and value rankings in a central location.
Key Details & Questions
What are the key features of this home?
It is a bi-level with 1,134 sqft of living space, a fully finished basement, and a detached split garage. The lot is a notable 6,727 sqft, which is larger than 81% of properties in Winnipeg.
How does this property compare to others in the area?
The data shows a mix of vintage and value. While its 1965 build date is older than most in its immediate area, it ranks very highly for lot size and assessed value both in the neighbourhood and across Winnipeg, indicating the land and property assessment are strong assets.
What type of buyer would this suit best?
This home is ideal for a buyer who prioritizes lot size, established neighbourhood character, and statistical value over a newer build. It suits those willing to take on a property with renovation potential or who appreciate the layout of a classic bi-level.
Is the price reflective of its condition?
The provided assessment of $404,000 ranks higher than two-thirds of Winnipeg homes, suggesting official valuation is strong. A buyer should consider that this likely reflects the lot size and location, and a viewing is essential to determine how the home's interior condition aligns with this value.
What is less obvious about this property's potential?
The significant lot size in a central neighbourhood offers long-term flexibility not always available—whether for gardening, expansion, or future redevelopment. Additionally, its value rankings outpacing its age rankings hint at a property where the land and location are doing more of the "work" than the structure itself, which can be a strategic advantage.