732 Cathcart Street

Property Overview

This 1977 three-level split home at 732 Cathcart Street offers a classic Elmhurst layout with a fully finished basement and an attached garage. Its primary appeal lies in its generous 7,408 sqft lot—a significant size that ranks within the top 30% of the street and top 14% city-wide—providing ample outdoor space in a mature neighbourhood. With 1,157 sqft of living space and an assessed value significantly higher than most local comparables, it presents as a well-regarded property in its area. It would suit buyers looking for a established, spacious yard in a quiet community, potentially appealing to those who value room for gardening, play, or future expansion over brand-new construction.

Key Considerations & FAQs

1. What does the high assessment value relative to the neighbourhood indicate?
   The assessment value places this home in the top 8% on its street and top 23% in Winnipeg. This often reflects desirable property traits, like its large lot, and can signal strong underlying value, though the final sale price is determined by the market.

2. How might the age of the home (49 years) affect a buyer?
   While the home ranks as newer than 59% of Winnipeg houses, systems like the roof, windows, or furnace may be at or beyond their typical lifespan. Budgeting for proactive maintenance or updates is a sensible consideration.

3. Is the living space size a concern?
   At 1,157 sqft, the living area is near the median for the street and city. The appeal here is balanced: the home itself is a manageable size, while the property's standout feature is the expansive lot, making it ideal for those who prioritize outdoor space over a larger interior footprint.

4. What are the advantages of a fully finished basement?
   It provides immediate additional living, recreational, or storage space without the need for a renovation project. It's important to check the quality of the finish, ceiling height, and ensure it remains dry year-round.

5. Who would this property suit best?
   It's an excellent fit for buyers seeking a established neighbourhood character and a large, private yard. It would work well for a family wanting outdoor space, a hobbyist gardener, or someone who appreciates having room to breathe without being far from city amenities.