788 Cathcart Street

Property Overview & Key Characteristics

This 1978-built, one-storey home in Elmhurst presents a compelling blend of space, location, and established value. Its primary appeal lies in its exceptionally large, approximately 12,800 sqft lot, which places it in the top 1% of properties on its street and top 5% within the community for land size. This offers rare potential for privacy, gardening, expansion, or recreation in a city setting. With 1,790 sqft of living space and a finished basement, the home provides ample room for a growing family or those who desire single-level living with abundant storage or recreational areas. The property's assessed value ranks consistently high across all metrics, indicating strong and recognized fundamental worth in the market.

It is ideally suited for buyers seeking a long-term family home with a generous outdoor footprint, or for those who value the stability and mature landscaping of an established neighborhood. The combination of a sizable home on a premier lot appeals to anyone looking for space over a brand-new build, and who may have future plans to customize or enjoy the outdoors without leaving the city.

Frequently Asked Questions

1. What does the high ranking in "Assessment Value" actually mean?
The rankings show that this home's municipal assessment of $561,000 is higher than 90% of all Winnipeg homes. This is a strong indicator of its perceived market value and built equity, often translating to favorable financing and a solid investment baseline.

2. The house was built in 1978. What should I consider?
While the home offers mature charm and a prime lot, a build of this age will likely have had major systems (like roof, windows, furnace) updated. A key focus for buyers should be verifying the maintenance and replacement history of these components to understand future upkeep needs.

3. How usable is such a large lot in practice?
Beyond gardening, a lot of this size (nearly a third of an acre) offers less obvious benefits like significant distance from neighbors, reduced noise, excellent potential for adding a detached workshop or studio (subject to bylaws), and ample space for children or pets to play.

4. The "Living Area" ranking is high, but the "Age" ranking is lower. Is that typical?
This is an interesting point. It suggests that for its older construction year, this home offers more interior square footage than most comparable houses in the area. It indicates the original build was above-average in size, providing more space than you might expect from its era.

5. What are the pros and cons of a one-storey (bungalow) layout?
The major advantages are single-level living, which is ideal for accessibility and avoids stair climbing. The finished basement effectively doubles the usable space. A consideration is that the main living footprint is spread out, which can make the main floor feel more segmented than an open-concept modern build.