Property Overview

This 1977-built, one-and-a-half storey home in Elmhurst is defined by its exceptionally large, 11,841 sqft lot, placing it in the top tier of properties locally for land size. With 1,542 sqft of living space, a finished basement, and an attached garage, it offers solid, functional accommodation. Its standout feature is the land itself—a rare urban parcel that provides immense privacy and space. The property's assessed value ranks it highly against area comparables, suggesting strong underlying equity and a history of value growth since its last sale in 2017.

Key Characteristics & Appeal

The primary appeal of 784 Cathcart Street lies in its remarkable balance of space, location, and established value. The nearly quarter-acre lot is a true rarity, offering a level of outdoor privacy and potential (for gardens, recreation, or expansion) that is increasingly hard to find within the city. The home itself is a practical, no-fuss layout suitable for family living or downsizers seeking single-level convenience with extra room upstairs. Its high percentile rankings for lot size and assessed value across Winnipeg indicate a property that is not only desirable within its immediate neighborhood but stands out on a city-wide scale. This home would perfectly suit buyers who prioritize land over sheer square footage—garden enthusiasts, those seeking a peaceful retreat without leaving the city, or long-term holders who understand the appreciating value of scarce, large lots in established communities. It’s a property for someone who sees the yard as an additional "room" and values the stability signaled by its strong assessment history.

Frequently Asked Questions

1. What is the true significance of the lot size rankings?
The data shows the lot surpasses 96% of all properties in Winnipeg for size. This isn't just a big yard; it's a uniquely large urban parcel that offers unparalleled potential for privacy, landscaping, or future additions, making it a long-term asset.

2. The home was built in 1977. What should I consider?
While the structure is nearly 50 years old, its highly competitive assessment value suggests it has been well-maintained and updated. A thorough inspection is key, focusing on era-specific items like the roof, windows, and major mechanical systems to plan for future maintenance.

3. Who is the typical buyer in this area?
Elmhurst attracts a mix of established families and professionals. This particular property, with its massive lot, would appeal to those looking to settle long-term, valuing quiet, space, and the mature community feel over a brand-new build.

4. How does the finished basement add value?
It effectively increases the usable living area beyond the listed 1,542 sqft, providing flexible space for recreation, guests, or a home office. This is a significant functional upgrade that enhances daily livability.

5. The assessed value is notably high. What does this mean for property taxes and offers?
A high assessment generally reflects strong market value and desirability, but it also correlates with higher property taxes. Buyers should budget accordingly. When making an offer, recent comparable sales in the area, rather than the assessment alone, should guide the price.