728 Cathcart Street

Property Overview & Key Characteristics

This 1981-built one-and-a-half storey home in Elmhurst offers a blend of space, established character, and a strong positional value. Its primary appeal lies in its generous 7,848 sqft lot—a size that ranks within the top 12% of all Winnipeg properties—providing exceptional outdoor potential in a mature neighbourhood. The home features a finished basement and a split garage, adding functional living and storage space beyond its 1,178 sqft main footprint.

The property’s standout characteristic is its overall value proposition, as reflected in an assessed value that places it ahead of 76% of Winnipeg homes. It suits buyers looking for a solid, established property on a large lot where the land itself represents a significant portion of the asset. It’s ideal for those who prioritize private outdoor space for gardening, play, or future expansion over a brand-new build. The rankings suggest it’s a competitively sized home on a highly desirable parcel of land within its immediate area.

Frequently Asked Questions

1. What does "one-and-a-half storey" mean for this home?
Typically, this style features a main floor with principal rooms and a second floor with sloped ceilings, often containing bedrooms. It offers more character and a different layout than a standard bungalow or two-storey.

2. How significant is the lot size?
At nearly 7,850 sqft, the lot is substantially larger than average. This provides ample yard space, greater privacy from neighbours, and potential for additions, a large garden, or recreational structures, subject to local bylaws.

3. The home was built in 1981. What should I consider?
While not a historic home, it is well-established. A thorough inspection is recommended to review the condition of major 45-year-old components like the roof, windows, and mechanical systems, which may be due for updates or preventative maintenance.

4. The assessment value seems high relative to the living area. Why?
Municipal assessments consider both the building and the land value. The high assessment here is likely driven significantly by the substantial and desirable lot size in a mature neighbourhood, not just the square footage of the house itself.

5. What do the community rankings indicate?
The rankings show this property outperforms most peers in lot size and assessed value within its street, community, and city. However, its living area and building age are more average for the area, highlighting that the land is its key competitive advantage.