789 Cathcart Street

Property Overview & Appeal

This 1981-built, one-storey home on a large 5,826 sqft lot in Elmhurst offers a practical and comfortable living footprint. Its key characteristics include a fully finished basement, an attached garage, and a spacious 1,320 sqft of living space. The appeal lies in its established neighbourhood setting, generous lot size for potential gardening or outdoor enjoyment, and a layout that provides good separation of space across two levels. The property shows strong value metrics, ranking above the majority of Winnipeg homes for its lot size, assessed value, and overall living area.

It would suit first-time buyers or downsizers looking for a manageable single-level layout without sacrificing space, as well as value-conscious buyers who appreciate a home with a finished basement for extra flexibility. The large lot also holds quiet appeal for those interested in a private outdoor retreat within the city.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this home against others on its street, in Elmhurst, and across all of Winnipeg. For example, ranking in the "top 36%" city-wide for lot size means 64% of Winnipeg homes sit on smaller lots, highlighting this property's above-average outdoor space.

2. Is a 45-year-old home a concern?
While the major systems are likely original or older, the age also means the home is situated in a mature neighbourhood with established trees and character. A thorough inspection is key to understand the condition of the roof, windows, and mechanical systems.

3. How does the finished basement add value?
Beyond extra living space, a finished basement in a one-storey home effectively doubles the functional area, creating clear zones for living and entertaining. This is a significant advantage for families or those who work from home.

4. What are the pros and cons of a large lot?
The large lot provides excellent privacy, space for children or pets to play, and gardening opportunities. Buyers should consider the ongoing maintenance required for lawn care, landscaping, and snow clearing.

5. Why is the assessed value higher than many area homes?
The assessment reflects the property's above-average lot size and total finished living area (including the basement) compared to neighbourhood averages. It's a strong indicator of the property's inherent value for its size and location.