574 Cathcart Street

Property Overview & Key Characteristics

This 1970-built, single-story home in Elmhurst offers a practical layout with 1,077 sqft of living space on a notably large, 7,197 sqft lot. Its key features include a finished basement and a detached garage. The property’s primary appeal lies in its generous outdoor space—a blank canvas for gardening, recreation, or future expansion—coupled with the move-in-ready convenience of a fully finished basement. Its value is further underscored by strong city-wide rankings for lot size, placing it within the top 15% of all Winnipeg properties.

This home is well-suited for first-time buyers or downsizers seeking a manageable single-level layout without sacrificing yard space. It also appeals to the practical investor or handy homeowner who sees potential in the established neighborhood and the large lot, viewing the older building vintage as an opportunity to add value over time.

Frequently Asked Questions

1. How does the lot size compare to typical properties?
The lot is exceptionally large at 7,197 sqft, ranking in the top 15% in Winnipeg. This is a standout feature, offering more private outdoor space than most homes in the city.

2. What does the ranking for "building age" mean?
The home was built in 1970. Its ranking indicates that 85% of homes on the same street are newer. Buyers should factor in the age and plan for potential updates to roofing, windows, or major systems, balanced against the character and established landscaping of an older property.

3. Is the finished basement included in the listed living area?
No. The listed living area of 1,077 sqft refers to the above-ground space. The finished basement provides additional usable square footage, adding functional space for recreation, storage, or guests.

4. What is the significance of the assessment value ranking?
With an assessment of $374,000, the property ranks higher in value than 58% of Winnipeg homes. This suggests municipal assessment aligns with its substantial lot size, though the final market price is determined by current buyer demand.

5. Who might this property not suit?
It may not suit buyers seeking a modern, turn-key home without any projects, given its age. Those prioritizing a very large interior or a brand-new build within a tight budget might also find other options more aligned.