Property Overview
This 1972 bi-level home at 225 Cathcart Street offers a practical footprint in the established Varsity View neighbourhood. Its key appeal lies in presenting a manageable, single-family home on a large, 5,047 sqft lot—a combination that is increasingly rare. The home features a finished basement and a detached garage. Market data indicates it ranks as a more affordable option within its immediate area, positioned in the lower half for price and size among local comparables, yet it holds a stronger value standing across the wider Winnipeg market. This creates a specific niche: it’s a home for those who prioritize land space and neighbourhood character over sheer interior square footage.
It would suit first-time buyers seeking a house with yard potential without a premium price tag, or downsizers looking for a maintainable property in a mature community. Its value-oriented profile also appeals to investors or handy buyers who see potential in the existing structure and the substantial lot.
Frequently Asked Questions
1. What does the ranking data actually mean?
The percentages show how this property compares to others. For example, ranking "better than 47% of Winnipeg homes" on price means it's more affordable than nearly half the market, positioning it as a mid-to-lower priced option city-wide.
2. Is the finished basement included in the 875 sqft living area?
Typically, the listed living area (875 sqft) refers to above-ground, heated space. The finished basement adds usable rooms but is considered separate, extra square footage.
3. The house ranks low for size on its street. Is it notably small?
At 875 sqft above ground, it is on the compact side for the neighbourhood. The appeal shifts from interior space to the exterior: you're acquiring a proportionally large lot, which could allow for future expansion, gardening, or outdoor living.
4. As a 54-year-old bi-level, what should I budget for maintenance?
While systems may have been updated, a home of this age warrants a thorough inspection. Budget for potential updates to major components like the roof, windows, or heating system, which are common for the era.
5. The lot is large, but what are the rules for using it?
The 5,047 sqft lot offers great potential, but any significant changes—like building an addition, a large shed, or a parking pad—will require checking City of Winnipeg zoning bylaws and possibly obtaining permits.