335 Cathcart Street

Property Overview & Key Characteristics

This 1973-built, one-storey home in Varsity View offers a practical and spacious layout on a large, 7,572 sqft lot. Its key appeal lies in its above-average size and established value within a mature neighbourhood. With 1,540 sqft of living space, a finished basement, and an attached garage, it provides solid, functional space for daily life. The property's standout metrics are its lot size and living area, which rank in the top tiers locally, suggesting a premium amount of private outdoor space and indoor room compared to many other homes.

Its appeal is grounded in space and stability rather than modern luxury. It would suit buyers looking for a long-term family home with room to grow or garden, or those seeking a single-level living layout without sacrificing square footage. The mature neighbourhood offers an established community feel. A less obvious perspective is that a home of this vintage on such a large lot presents a clear canvas for future updates or expansions, allowing new owners to add modern comforts while retaining the core value of space and location.

Frequently Asked Questions

1. How does the property's age affect its condition and potential costs?
Built in 1973, the home is over 50 years old. Buyers should budget for updates to major aging components like the roof, windows, or mechanical systems, which is typical for homes of this era. A thorough inspection is essential.

2. What do the ranking percentages actually mean for a buyer?
They show the home's competitive position. For example, ranking "in the top 13%" for lot size in Winnipeg means the lot is larger than 87% of properties city-wide, a significant advantage. Conversely, its build year is newer than only 53% of Winnipeg homes, confirming it's a mature property.

3. Is the finished basement included in the listed 1,540 sqft living area?
Typically, living area (sqft) refers to above-grade space. The finished basement provides additional usable rooms but is usually not counted in the official living area figure, adding valuable extra space.

4. What is the significance of the "ONE STOREY" building type?
This indicates a bungalow-style layout with all primary living spaces on one level, which can be ideal for accessibility or simply avoiding stairs. The finished basement likely adds a second level of living space despite the main floor designation.

5. How should I interpret the assessment value in relation to the asking price?
The municipal assessment of $446,000 is for tax purposes and provides a benchmark of the city's valuation. The market-based asking price may differ based on current conditions, recent upgrades, and seller motivation. It's a useful data point, not a direct price guide.