320 Cathcart Street

Property Overview & Key Characteristics

This is a well-established, single-storey home in Winnipeg's Varsity View neighbourhood, built in 1972. Its primary appeal lies in its generous 7,529 sqft lot—a significant size that ranks within the top 13% of all properties in Winnipeg for land area. The home itself is of a practical 1,067 sqft layout and features a finished basement and a detached garage. While the interior living space is modest relative to the lot size, the property holds a strong overall assessed value, ranking higher than over half the homes in the city.

The property’s standout feature is clearly its expansive, private yard, offering rare potential for gardening, expansion, or outdoor living within the city. It suits buyers looking for a solid, no-frills home where the land is the primary asset—whether it's a first-time buyer valuing outdoor space over square footage, a downsizer seeking a manageable home with a large garden, or an investor recognizing the long-term value of the lot. Its above-average city-wide rankings for lot size and assessed value suggest a grounded, enduring appeal beyond current interior finishes.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Varsity View, and across all of Winnipeg. For example, ranking in the top 13% for lot size in Winnipeg means 87% of city properties have a smaller lot, highlighting a key advantage.

2. Is the home outdated due to its 1972 build date?
While the home is over 50 years old, its assessed value ranks in the top 42% city-wide, suggesting it has been maintained and holds value. The "dated" factor is balanced by the lot's premium value and the potential for gradual updates.

3. Who would this property not suit?
It may not suit buyers prioritizing modern, open-concept interiors or those wanting immediate move-in condition without any projects. The appeal here is more about the land and foundational value than turnkey luxury.

4. What are the implications of a "finished basement"?
A finished basement adds flexible living space, which is valuable given the 1,067 sqft main floor. It's important to clarify the finish quality, ceiling height, and if it includes a separate entrance or legal suite potential.

5. How does the lot size impact future plans?
The large lot is a long-term asset. It could accommodate additions like a garage workshop, a sizable deck, or even a future secondary suite (subject to zoning and permits). It also offers more privacy and greenery than typical city lots.