Property Overview
This 1974 bi-level home at 357 Cathcart Street offers a practical footprint in the established Varsity View neighbourhood. Its key characteristic is a well-proportioned 5,664 sqft lot, providing ample outdoor space that ranks highly within its immediate area. The home itself features 923 sqft of living space with a finished basement, presenting a manageable scale for upkeep. Its appeal lies in the quiet, mature setting and the potential inherent in a solid, mid-century property on a generous lot. It would suit first-time buyers, downsizers, or investors looking for a lower-maintenance entry into a central neighbourhood, with the understanding that it's a home that offers more in land value and location than in modern finishes or size.
While its rankings for size and age are modest, its above-average lot size and overall assessed value suggest a property that holds its ground. A thoughtful perspective is that this home represents a canvas within a stable community—its value is not in being the newest or largest, but in offering a rare combination of a sizable yard and a single-family home format in a convenient location, ideal for someone who prioritizes outdoor space over interior square footage.
Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings compare this property against others on its street, in Varsity View, and across all of Winnipeg for specific metrics (like lot size or age). For example, its lot size ranks in the top 39% city-wide, meaning it's larger than 61% of Winnipeg properties, which is a significant advantage.
2. Is a bi-level style home suitable for everyone?
Bi-levels feature split entry stairs and living spaces divided across two main levels. This layout can be efficient but may not suit those with mobility concerns. The finished basement here adds usable space, but it's important to view the layout in person to see if it matches your lifestyle.
3. The house was built in 1974. What should I be aware of?
While major systems may have been updated, a home of this age likely has its original foundation, plumbing, and electrical frameworks. A thorough inspection is crucial to understand the condition and anticipate any needed updates, such as to windows or insulation.
4. There's no garage. What are the parking options?
The property does not include a garage. Buyers should confirm the availability of on-street parking permits and observe the typical parking situation on the street to ensure it meets their needs.
5. How does the assessment value relate to the likely selling price?
The municipal assessment of $350,000 is for tax purposes and is a historical snapshot. The actual market value and selling price are determined by current market conditions, the home's specific state, and buyer demand, and can be higher or lower than this figure.