812 Cathcart Street

Property Summary: 812 Cathcart Street

Key Characteristics & Appeal

This is a well-maintained, single-storey home in Elmhurst, built in 1978 on a generous 7,001 sqft lot. Its key appeal lies in a combination of space, recent market validation, and established community positioning. The 1,209 sqft living area includes a finished basement, providing flexible space for family living, hobbies, or a home office. A notable feature is the attached garage, a practical asset in Winnipeg's climate.

The home’s strongest selling point is its recent sale history, having transacted in October 2024 for $553,000—a figure that significantly surpasses the municipal assessment and places it in the top tier of local sales. This suggests buyers are placing a premium on the property's specific condition, lot size, or location. The lot itself is a standout, larger than most in the area, offering ample outdoor potential.

This property would suit buyers looking for a move-in ready, ground-level home in a mature neighbourhood, ideal for those who prefer minimal stairs or who value expansive yard space over multi-storey living. It’s a solid choice for someone seeking a home with recent, strong market confirmation, providing a degree of confidence in its value relative to the immediate area.

Frequently Asked Questions

Q: How does the recent sale price compare to the city assessment?
A: The home sold for $553,000 in October 2024, which is approximately $117,000 above its 2024 municipal assessment of $436,000. This indicates the market valued specific attributes of this property higher than the standardized assessment model.

Q: What does the lot size mean for a potential buyer?
A: At 7,001 sqft, the lot is significantly larger than many in Winnipeg. This provides more private outdoor space, greater potential for gardening, additions like a shed or deck, and generally more distance from neighbours compared to standard lots.

Q: Is the finished basement included in the listed living area?
A: No. The listed living area of 1,209 sqft refers to the above-ground square footage. The finished basement provides additional, flexible space that is not counted in that official figure.

Q: The home is nearly 50 years old. What should I consider?
A: While the systems and structure have stood the test of time, a pre-purchase inspection is crucial to evaluate the condition of major components like the roof, foundation, plumbing, and electrical, which may be nearing or past their typical lifespans.

Q: The rankings show it's "newer" than 61% of Winnipeg homes but only 35% in its own community. What does this mean?
A: This highlights the character of the Elmhurst neighbourhood. It contains many homes built in the same era or earlier, making this 1978 home relatively typical for the area. Compared to the entire city, which includes much newer suburbs, it ranks as newer-than-average.