805 Cathcart Street

Property Overview: 805 Cathcart Street

Section 1: Key Characteristics & Appeal

This well-established bungalow in Elmhurst presents a compelling blend of space, amenities, and location. Its key features include a generous 6,120 sqft lot, a finished basement, an in-ground pool, and an attached garage. With 1,440 sqft of living space built in 1981, the home offers practical, single-level living.

The appeal lies in its above-average positioning within the broader Winnipeg market. The property ranks highly for its lot size, living area, and assessed value compared to most homes across the city, suggesting a solid investment in a desirable setting. The private backyard pool is a standout recreational feature for summer months.

This home would suit buyers looking for a move-in ready property with established landscaping and community character. It’s ideal for those seeking a bungalow layout, perhaps downsizers or young families wanting a manageable single storey, who also value outdoor living space and the potential for entertainment or relaxation offered by a pool.

Section 2: Frequently Asked Questions

1. How does the property’s age affect its condition and potential costs?
Built in 1981, the home is well into its lifecycle. While it offers established charm and mature landscaping, prospective buyers should budget for potential updates to major systems like roofing, windows, or the HVAC, which may be nearing or past their typical service life.

2. What are the ongoing considerations of owning a pool?
The pool is a major amenity but requires dedicated seasonal maintenance, additional insurance considerations, and ongoing costs for chemicals, water, and energy. It’s a source of enjoyment but also a responsibility that factors into annual upkeep time and budget.

3. The assessed value is significantly higher than the 2021 sale price. What does this indicate?
The current assessment of $484,000 reflects the municipality’s valuation for tax purposes, which has risen since the 2021 purchase price of $421,000. This suggests strong market appreciation in the area, but the sale price will ultimately be determined by current market conditions and buyer competition.

4. Who would this floor plan suit best?
The one-storey (bungalow) layout is highly accessible and efficient. It is particularly suited to those looking to avoid stairs, such as empty-nesters, retirees, or families with very young children. The finished basement adds valuable flexible space for recreation, guests, or storage.

5. How does the property rank within its immediate neighborhood?
The rankings show a mixed picture. While the home scores very well on its street for living space and value, its position within the wider Elmhurst community is more average for factors like age and size. This suggests it’s a strong home on its specific block, situated in a neighborhood with a wide variety of properties.