777 Cathcart Street

Property Overview & Key Characteristics

This 1981-built, one-storey home in Elmhurst sits on a large, approximately 5,826 sqft lot, offering more outdoor space than many comparable properties. Its key appeal lies in this established, roomy setting combined with a practical and move-in-ready layout. The home features 1,320 sqft of living space, a finished basement, and an attached garage, presenting a complete package for comfortable living.

Its primary draw is value and space. The property ranks highly for its lot size and assessed value within its immediate area, suggesting a solid investment in a mature neighbourhood. The appeal is grounded, not in luxury finishes, but in dependable functionality and room to breathe. It would suit first-time buyers seeking a substantial starter home without a cramped yard, downsizers looking for single-level living with basement flexibility, or practical investors attracted by its above-average lot size and strong value ranking for the street.

A less obvious perspective is the advantage of its 45-year age: major systems may have been updated, and the neighbourhood's character is fully realized, offering predictable stability. While not the newest on the block, its rankings indicate it outperforms many neighbours in core metrics like value and lot size, representing a pragmatic choice over a flashier, potentially smaller modern alternative.

Frequently Asked Questions

1. What does the "ranking" data actually mean?
It shows how this property compares to others in the immediate area. For example, ranking "in the top 36%" for value in Winnipeg means its assessed value is higher than 64% of all city properties, indicating strong municipal assessment relative to the market.

2. Is the finished basement included in the 1,320 sqft living area?
Typically, the listed "living area" refers to above-grade square footage. The finished basement is an additional bonus space, adding functional rooms like a rec room or extra bedrooms not reflected in that main figure.

3. What are the pros and cons of a 1981-built home?
Pros include established landscaping, potentially larger lots, and settled neighbourhoods. Cons can include older building materials, windows, or major systems (like roof, furnace) that may be nearing or past their typical lifespan and could require attention or updating.

4. Who might this property NOT suit?
It may not suit buyers seeking a modern, open-concept layout or extensive high-end renovations, as the original floor plan likely reflects 1980s design. It's also less ideal for those wanting a brand-new, maintenance-free home.

5. How significant is the large lot size?
A lot of this size (over 5,800 sqft) in an established neighbourhood is a key asset. It provides ample private outdoor space, potential for gardening, expansion, or additions (subject to zoning), and is a land value that newer subdivisions often don't offer.