712 Cathcart Street

Property Summary: 712 Cathcart Street, Winnipeg

Key Characteristics & Appeal

This 1977-built, single-storey home in Elmhurst sits on a substantial 7,343 sqft lot, offering a generous outdoor space that is increasingly rare in mature neighbourhoods. With 1,120 sqft of living space and a finished basement, it provides practical, single-level living. Its primary appeal lies in its balance of established community charm and tangible value. The property ranks in the top 14% of Winnipeg for lot size, meaning you get significantly more land than most city properties—a key asset for privacy, gardening, or future expansion. While the home itself is of average size and age for the area, its standout feature is the land itself.

It would suit a first-time buyer or downsizer looking for a manageable, single-level layout in a quiet neighbourhood without sacrificing yard space. It also appeals to the value-oriented buyer who sees potential in the large lot, whether for immediate enjoyment or as a long-term investment in a scarce resource. The strong lot-size ranking suggests it's a property that holds underlying competitive value not immediately reflected in its assessment price.

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 14% city-wide for lot size means the property's lot is larger than 86% of all residential lots in Winnipeg, a significant advantage.

2. Is the house in need of major updates?
Built in 1977, the home is nearly 50 years old. Buyers should budget for updates consistent with a house of this age, such as roof, windows, or mechanical systems. The finished basement is a positive, but its condition should be verified.

3. There's no garage. Is adding one feasible?
The very large lot (over 7,300 sqft) provides ample space to potentially add a detached garage or workshop, subject to City of Winnipeg zoning and setback bylaws. This is a major opportunity that smaller lots cannot offer.

4. How does the assessment value relate to the asking price?
The municipal assessment is $363,000, used for calculating property taxes. The eventual listing or sale price is determined by the market, which often places a premium on large lots, so it may differ from the assessed value.

5. What is the neighbourhood character like?
Elmhurst is a mature, established neighbourhood. The rankings show this home is typical for the area in terms of age and living space, but its lot size is well above average for the street and community, offering a more private setting than many neighbouring properties.