230 Cathcart Street

Property Summary: 230 Cathcart Street, Varsity View, Winnipeg

Key Characteristics & Appeal

This is a classic 1969 bi-level home on a large, 5,382 sqft lot in the established Varsity View neighbourhood. Its key features include a finished basement and a functional 875 sqft layout. The appeal here is grounded in space and location rather than modern finishes. The lot size is a significant asset, offering ample outdoor space that is rare for central neighbourhoods, presenting opportunities for gardening, expansion, or simply enjoying a generous yard. The home’s rankings against local comparables are modest, indicating it is a value-oriented entry point into a desirable area close to the University of Manitoba. It suits first-time buyers, investors, or downsizers seeking a manageable footprint with land potential, who are comfortable with a home that offers solid fundamentals and the chance to add value over time. The lack of a garage is a trade-off for the lot size and location.

Frequently Asked Questions

1. What does the "ranking" data actually mean?
The rankings show how this property compares to others in the immediate area. For example, its land size ranks highly (top 6% on its street), which is a strong positive. Its living area and age are more typical or below average for the area, confirming this is a compact, older home where the land is a primary feature.

2. Is the finished basement included in the 875 sqft living area?
Typically, the listed "居住面积" (Living Area) refers to above-grade square footage. The finished basement is an additional space, adding functional room beyond the 875 sqft main floor.

3. What are the implications of a 1969 build year?
Homes from this era often have solid construction but will likely require updates to major systems like plumbing, electrical, or windows. A thorough inspection is advised to understand the condition and any upcoming maintenance.

4. Who would this property not be suitable for?
It may not suit buyers seeking a modern, move-in-ready home with ample indoor living space or those who require an attached garage. The layout and condition are best for those with a vision for updates or who prioritize outdoor space over interior square footage.

5. How should I interpret the assessment value?
The $340,000 assessment is for municipal tax purposes. The market value can be higher or lower based on condition, market trends, and buyer demand. It serves as a baseline, but a current market evaluation is essential for making an offer.