772 Cathcart Street

Property Overview

This 1977-built, one-storey home on a large 6,760 sqft lot in Elmhurst presents a straightforward, grounded opportunity. Its key appeal lies in the balance of space and simplicity. The 1,000 sqft living area and finished basement offer functional space for daily life, while the substantial lot provides significant outdoor potential—a rarity that ranks it in the top 19% for land size across Winnipeg. The home’s assessed value positions it accessibly within the market, ranking in the middle of the pack locally but above average city-wide. It suits practical buyers looking for a solid foundation, whether they are first-time homeowners comfortable with a property of this era, downsizers seeking single-level living without a tiny yard, or value-oriented investors attracted by the lot size and the chance to add value over time. The lack of a garage is a trade-off for the generous outdoor space.

Frequently Asked Questions

1. How does the home’s age affect its condition and costs?
Built in 1977, major components like the roof, windows, and mechanical systems are likely at or beyond their typical lifespan. A thorough inspection is crucial to budget for upcoming maintenance or updates, which should be weighed against the home's accessible price point.

2. What are the real advantages of such a large lot?
Beyond simple yard space, this lot size (in the top 19% city-wide) offers long-term flexibility. It provides room for expansions like a garage or workshop, gardening, or simply ample privacy and play space—a feature becoming harder to find in mature neighbourhoods.

3. The rankings show it's average in Elmhurst but above average in Winnipeg. What does this mean?
This indicates you get more property (land size) for your money here compared to much of the city, though it’s a more typical offering within Elmhurst itself. It suggests good relative value within the broader market.

4. Is the finished basement a legal suite?
The details state the basement is finished but do not specify it as a legal secondary suite. Important verification would be needed with the city to determine if it meets code for a rental unit, as that significantly impacts value and utility.

5. With no garage, what are the parking options?
The property relies on driveway and street parking. Buyers should assess driveway capacity and observe street parking availability during different times to ensure it meets their needs, especially with multiple vehicles.