341 Cathcart Street

Property Overview

This 1974-built, one-storey home in Varsity View offers a practical and established living environment. Its key appeal lies in a combination of space, location, and value. The house features 1,262 sqft of living space above a finished basement, providing flexible room for a family or home office. It sits on a large, approximately 5,664 sqft lot, offering significant outdoor space for gardening or recreation—a notable asset in a mature neighbourhood. With a detached garage and a price point assessed just under $400,000, it represents a grounded entry into a sought-after area near the University of Manitoba.

The home’s competitive rankings are nuanced. While its physical size and lot dimensions rank highly within its immediate street and community, its age is average for the area. This suggests a property that isn't the newest on the block but offers above-average space. It would suit first-time buyers or downsizers looking for a manageable single-level layout without sacrificing yard size, or an investor attracted to the consistent rental demand of a university-adjacent community. Its value is in the land and location as much as the structure, appealing to those who see potential in a solid, well-situated home.

Frequently Asked Questions

1. What does the "finished basement" entail?
The listing confirms a finished basement, which adds to the liveable space. Prospective buyers should inquire about the finish quality, ceiling height, and whether it includes a separate entrance or legal suite potential, which is common in the area.

2. How does the 52-year age of the home factor in?
Built in 1974, the home is of average age for Varsity View. This typically means established infrastructure and mature landscaping. A thorough inspection is recommended to understand the condition and age of major systems like roof, windows, plumbing, and electrical.

3. What are the benefits of the large lot size?
At over 5,600 sqft, the lot is a standout feature, offering ample private outdoor space. This allows for gardening, play areas, or future additions like a deck or shed. It also provides a greater sense of privacy and room to breathe compared to newer, denser subdivisions.

4. Who typically lives in Varsity View?
The neighbourhood is a mix of long-term residents, university staff, students (often in rental properties), and families attracted to the central location and proximity to the University of Manitoba campus, its amenities, and transit routes.

5. What do the competitive rankings actually mean?
They show how this property compares to others in its immediate street, wider community, and all of Winnipeg. For example, ranking "in the top 39%" for lot size city-wide means its lot is larger than 61% of Winnipeg properties, highlighting a key strength. These stats help gauge specific features against local benchmarks.