Property Summary: 348 Cathcart Street, Winnipeg

Key Characteristics & Buyer Appeal

This 1974-built, single-storey home in Varsity View sits on a notably large, 8,298 sqft lot, placing it in the top 15% of properties on its street for land size. With 1,337 sqft of living space, it offers room to grow and ranks above average in size for its area. The home features an unfinished basement and an attached garage. Its overall assessed value ranks within the top third citywide, suggesting a solid foundation of perceived worth for the neighbourhood.

The primary appeal lies in its land potential and established location. The expansive lot is a significant asset in a mature community, offering rare space for future additions, landscaping, or outdoor living. It suits practical buyers who value space over turn-key finishes—those comfortable with a home that has good bones but may require personalization or updates. It’s also a fit for long-term thinkers who see the unfinished basement not as a drawback, but as flexible space to be developed as needs change. The strong citywide rankings for lot size and value indicate a property with underlying competitive strength, appealing to those who make data-informed decisions.

Frequently Asked Questions

1. What does the "unfinished basement" entail?
It means the basement space is in a rough state, with concrete floors and exposed walls and utilities. It’s a blank canvas for future development, adding cost but also allowing for complete customization.

2. How significant is the 52-year age of the home?
Built in 1974, the home is older than about half the houses in Winnipeg. This typically means maintenance and systems (like roof, windows, plumbing) should be carefully inspected, as they may be at or beyond their typical lifespan and require attention or updating.

3. The lot is large, but are there any restrictions on its use?
While the lot size is a major feature, any plans for significant changes like additions, decks, or pools would require checking local zoning bylaws and obtaining the necessary permits from the city.

4. The home ranks highly for lot size but lower for year-built. What does this mean?
This contrast is common in mature neighbourhoods. It highlights the trade-off: you are purchasing a premium-sized property in an established area, but the structure itself may require more ongoing upkeep or modernization compared to a newer home on a smaller lot.

5. What is the immediate neighbourhood, Varsity View, like?
Varsity View is a central, established community near the University of Manitoba. It offers a mix of older and newer homes, with convenient access to amenities and transit. The high community ranking for lot size suggests it's an area where outdoor space is a valued commodity.