671 Cathcart Street

Property Overview & Key Characteristics

This 1979-built, one-storey home in Elmhurst sits on a notably large 8,100 sqft lot, a key feature that places it in the top tier of properties locally. With a finished basement and a split garage, it offers practical, single-level living. The home’s primary appeal lies in its land value and established neighborhood setting. Its lot size ranks in the top 11% citywide, suggesting significant outdoor space and potential, while its overall assessed value ranks higher than most comparable homes in Winnipeg. The living space is modest at 1,111 sqft, positioning it as a comfortable, low-maintenance bungalow rather than a sprawling estate.

It would suit a buyer looking for a solid, no-fuss property in a mature area, where the land itself is a major asset. This could be ideal for someone planning future expansions like a garden, workshop, or addition, or simply desiring generous private outdoor space without leaving the city. It’s a practical choice for downsizers, small families, or investors who recognize the long-term value of a large lot in a settled community.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Elmhurst, and across all of Winnipeg. For example, being in the "top 11%" for lot size in Winnipeg means 89% of properties have smaller lots, highlighting this home's standout feature.

2. Is the house itself outdated?
Built in 1979, the home is nearly 50 years old. While it has a finished basement, the interior likely requires updates to align with modern tastes. The value proposition here leans more toward the land and location, with the house offering functional living space.

3. Who is responsible for maintaining the large lot?
The homeowner is fully responsible for the upkeep of the entire 8,100 sqft property. This means factoring in the time and cost for landscaping, lawn care, snow removal, and any other grounds maintenance.

4. What are the implications of a "split garage"?
A split garage typically means a two-car garage divided by a wall or support structure, often with two separate doors. It offers flexibility but can feel more narrow than a modern, open double garage, which may affect parking larger vehicles or using the space for a workshop.

5. How does the assessment value relate to the likely selling price?
The municipal assessment of $413,000 is for taxation purposes and is a historical snapshot. The actual market price can be higher or lower based on current market conditions, the home's specific condition, and buyer demand for large-lot properties.