Property Overview
332 Cathcart Street is a well-situated, single-storey home in Winnipeg's Varsity View neighbourhood. Built in 1974, it sits on a large, 5,780 sqft lot and offers 1,192 sqft of living space with a finished basement and an attached garage. Its municipal assessment is $395,000.
Key Features & Ideal Buyer
This home’s primary appeal lies in its combination of a spacious, mature lot and a practical, move-in-ready layout within a central, established community. The finished basement adds valuable flexible space, whether for recreation, a home office, or guests. Its competitive assessment value and rankings—which show it outperforms the majority of Winnipeg homes in terms of lot size and overall assessed value—suggest a solid foundation for the price.
It would particularly suit first-time buyers or downsizers seeking a manageable single-level floorplan without sacrificing yard space. The location in Varsity View offers proximity to the University of Manitoba, major routes, and amenities, appealing to those who value convenience. A thoughtful perspective is that this property represents a pragmatic choice rather than a luxury one; it’s for buyers who prioritize land size and location fundamentals over a newer build or top-tier neighbourhood rankings, offering room to grow or simply enjoy outdoors.
Frequently Asked Questions
1. What do the ranking percentages actually mean?
They show how this property compares to others in its immediate area. For example, its lot size ranks in the top 37% across all Winnipeg, meaning it’s larger than 63% of city properties—a significant advantage.
2. Is the basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers should verify its compliance with local regulations if considering rental income.
3. What are the annual property taxes?
Taxes are not provided in this data. They should be calculated based on the current mill rate and the $395,000 assessed value.
4. How does the 1974 build year affect the home?
While the home is older, its systems and roof are likely not original. A thorough inspection is crucial to understand the condition and potential upcoming updates for wiring, plumbing, or windows.
5. Why does the community ranking seem lower than the city-wide ranking?
This is common in established, desirable neighbourhoods. Varsity View has many comparable or larger homes, so while this property stands out city-wide for its lot and value, it faces stiffer competition within its own community. This can indicate a stable or appreciating area.