752 Cathcart Street

Property Overview

This 1978-built bungalow in Elmhurst offers a practical and spacious family layout on a large, 7,413 sqft lot. Its key appeal lies in its well-established neighbourhood setting and its above-average footprint compared to many Winnipeg homes. With 1,353 sqft of living space, a finished basement, and an attached garage, it provides solid functional space. The property’s assessed value ranks highly within its immediate area, suggesting it is a substantial home for the street. It would suit buyers looking for a move-in ready, single-level living option with ample outdoor space, ideal for families or those seeking a manageable yard in a mature community. A thoughtful perspective is that while the home is nearly 50 years old, its high ranking for lot and living space size indicates enduring value in its core attributes, offering room to grow or customize without the premium of a new-build lot.

Potential Buyer FAQs

1. What does the "ranking" data mean?
   The rankings show how this property compares to others in the area for specific metrics. For example, its lot size is larger than 86% of all Winnipeg homes, indicating a very generous yard, while its living space is above average for its street and the city overall.

2. Is the basement a legal suite?
   The listing notes the basement is finished but does not specify it as a legal secondary suite. Buyers should verify its current configuration and compliance with local regulations if considering rental income potential.

3. What are the typical property taxes?
   Based on the current assessed value of $461,000, you can estimate annual property taxes to be approximately $3,500 - $4,000, but contacting the city for an exact calculation based on the latest mill rate is recommended.

4. What is the neighbourhood like?
   Elmhurst is a mature, established neighbourhood in Winnipeg. Its rankings show homes here tend to have larger lots and older building ages, appealing to those seeking character, space, and settled community feel over brand-new construction.

5. Why is the assessed value higher than the average for the area?
   The high assessment ranking (top 11% on its street) is likely due to the combination of its very large lot size and above-average living space, which are key drivers in municipal valuation.