828 Cathcart Street

Property Overview: 828 Cathcart Street

This 1977 three-level split home in Elmhurst presents a compelling opportunity for buyers seeking space, privacy, and established charm. Its key appeal lies in its generous 8,328 sqft lot, which is significantly larger than most in Winnipeg, ranking in the top 10% citywide. The property features a finished basement, an in-ground pool, and an attached garage. With 1,281 sqft of living space, it offers a practical layout for family life or entertaining.

The home suits buyers who value outdoor living and room to grow, whether for gardening, play, or future expansion. Its strong assessed value, ranking in the top 7% on its street and top 22% in Winnipeg, indicates a solid investment in a mature neighbourhood. It’s particularly well-matched for those who appreciate the character of a late-70s build and are willing to manage the upkeep that comes with a larger property and a pool. A thoughtful perspective is that while the home itself is of average size for the area, the vast lot provides a rare sense of openness and potential that is increasingly hard to find, making it a property where the land is a primary asset.

Frequently Asked Questions

1. How does the pool impact the property's value and upkeep?
While a private pool is a major recreational amenity, it does require seasonal maintenance, safety considerations, and ongoing costs for chemicals and utilities. It adds to the lifestyle appeal but is a factor in annual upkeep.

2. Is the finished basement included in the listed living area?
No, the 1,281 sqft living area refers to the above-grade finished space. The finished basement provides additional flexible rooms but is not counted in the official square footage.

3. The home was built in 1977. What should I be aware of?
As a home nearing 50 years old, a thorough inspection is essential. Key systems like roofing, windows, plumbing, and electrical may be at or beyond their typical lifespan and should be evaluated for updates or imminent repairs.

4. The lot is huge. Are there any restrictions on what I can build?
Any major additions, like a garage, shed, or home extension, would require checking with the city for zoning bylaws, setback requirements, and necessary permits. The large lot offers great potential but is not without regulation.

5. The assessment value is notably higher than the 2020 sale price. What does this mean?
The current assessment of $472,000 reflects the city's valuation for tax purposes, influenced by market trends and improvements. It is not a sale price. The 2020 sale of $385,000 shows historical market value, and the current listing price will be set based on today's market conditions.