Property Summary: 327 Cathcart Street, Winnipeg

Key Characteristics & Appeal

This home presents a practical opportunity in the Varsity View neighborhood. Its key characteristic is balance: while the 946 sqft living area is modest and below local averages, the property holds its ground with an assessed value that is consistently around the average for its street, neighborhood, and city. The 1972 build date is typical for the area. A notable feature is the 6,058 sqft lot, which is above average citywide, offering valuable outdoor space that is less common within Winnipeg proper.

The appeal lies in its position as a stable, entry-point property in a well-established area. It suits first-time buyers or pragmatic investors seeking a manageable footprint without a premium price tag. The larger-than-city-average lot is a standout asset, providing room for gardening, expansion, or simply more private outdoor space than many comparable homes. This property is for a buyer who values land size over interior square footage and is comfortable with a home that is functional rather than expansive, seeing potential in the balance of a fair assessment and a generous plot.

Frequently Asked Questions

1. Is this home considered small?
Yes, the living area is below the average for Cathcart Street, Varsity View, and Winnipeg as a whole. It is a compact, efficient layout.

2. How does its value compare to neighbors?
Its assessed value of $406k is almost identical to the street average ($406.8k) and very close to the neighborhood average. Citywide, it sits above the average assessed value, indicating a solid valuation for its location.

3. What is the advantage of the lot size?
The lot is larger than the typical Winnipeg comparable home. This means more yard space, potential for additions (subject to zoning), and possibly better privacy or landscaping opportunities than tighter lots.

4. Is the 1972 build date a concern?
It is around the average age for homes on the street and in the neighborhood. Buyers should expect updates and maintenance consistent with a home of this era, and a thorough inspection is recommended.

5. How competitive is this property likely to be?
Given its around-average valuation and below-average living area, it may not attract bidding wars focused on size or luxury. Its primary competition will likely come from buyers specifically seeking a reasonably priced home with a good lot size in the area.