773 Cathcart Street

Property Overview & Key Characteristics

This 1981 four-level split home in Elmhurst offers a practical layout with 1,604 sqft of living space on a generous 6,118 sqft lot. Its key appeal lies in its above-average space, both indoors and out, relative to many Winnipeg homes, as it ranks in the top third for size city-wide. The property features a finished basement and an attached garage. Its value proposition is grounded in established community character, with the home's age placing it in the middle of the pack for the neighborhood, suggesting a mature streetscape. The appeal here is for the pragmatic buyer: someone looking for solid space and a large yard without a premium for a brand-new build. It would suit a family or long-term buyer who values room to grow and appreciates a home that has stood the test of time, possibly seeing potential in updating a well-maintained structure from the early 80s. A thoughtful perspective is that while it ranks highly for space, its assessment value ranking is slightly lower, which could indicate an opportunity for value appreciation through updates, or simply reflect the stable, modest pricing of the Elmhurst area.

Frequently Asked Questions

1. What is a four-level split layout like?
This style typically features short flights of stairs separating living areas, creating distinct zones for living, sleeping, and recreation. It offers more privacy than an open bungalow but feels more connected than a traditional two-story.

2. How does the finished basement add value?
It immediately increases the usable living and storage space, which is a key advantage. Buyers should clarify the finish quality and ensure it meets their needs for a rec room, home office, or guest space.

3. The home is 45 years old. What should I consider?
While major systems may have been updated, a pre-purchase inspection is crucial to assess the roof, foundation, windows, and mechanicals (furnace, electrical) common to homes of this era. Its age is typical for the mature Elmhurst neighborhood.

4. What do the ranking percentages actually mean?
They show how this property compares to others in the immediate area and city. For example, ranking in the top 28% for lot size in Winnipeg means the lot is larger than 72% of others, a significant advantage for outdoor space.

5. Is the property priced according to its assessment?
The listed price is not provided here, but the assessed value is $411,000. Buyers and their agents would compare the asking price to this assessment and recent sales of similar homes in Elmhurst to evaluate the market price.