793 Cathcart Street

Property Overview

This 1981-built, four-level split home on a large 5,826 sqft lot in Elmhurst offers a compelling blend of space, established character, and practical living. Its key appeal lies in its generous 1,780 sqft of living area, which ranks in the top tier for size both on its street and within the wider Winnipeg area, providing ample room for a growing household or those who value separate living zones. The finished basement and attached garage add significant functional utility. While the home is 45 years old, its construction date is notably newer than many in the immediate vicinity, suggesting a relatively younger streetscape or well-maintained properties. The lot size and home's footprint offer potential for outdoor enjoyment and future updates.

This property would suit buyers looking for a spacious, move-in-ready family home in a mature neighbourhood without the premium of a brand-new build. It’s ideal for those who appreciate the layout flexibility of a split-level design and a large yard. The strong rankings for size and assessed value indicate a home that offers good volume and municipal valuation for its area, appealing to pragmatic buyers seeking solid fundamentals over flashy finishes.

Frequently Asked Questions

1. What does the "ranking" data actually tell me?
The rankings compare this home against specific groups (its street, neighbourhood, and all of Winnipeg) for metrics like size, age, and assessed value. For example, being newer than 73% of homes on its street suggests a well-kept block, while ranking in the top 16% in Winnipeg for living area confirms its above-average spaciousness.

2. Is a 45-year-old home a concern?
The age is balanced by the data showing it’s newer than most on its street. It implies major systems may have been updated over time. A thorough inspection is key, but the age may contribute to the neighbourhood's established, settled feel and larger lot size compared to newer subdivisions.

3. What are the pros and cons of a four-level split design?
Pros include defined separation between living, sleeping, and recreational areas, which can enhance privacy and noise control. The cons typically involve more stairs, which may not suit everyone, and a floor plan that feels more segmented than an open-concept layout.

4. How should I interpret the assessed value?
The municipal assessment of $434,000 is for tax purposes and is a lagging indicator. That it ranks higher than 72% of Winnipeg homes suggests the city views it as a substantial property. However, market value is determined by current sale prices, condition, and buyer demand.

5. What does the lot size offer?
At over 5,800 sqft, the lot is a significant asset. It provides ample backyard space for play or gardening, better privacy from neighbours, and potential for additions like a deck or shed. In mature neighbourhoods, larger lots are often a finite resource.