376 Cathcart Street

Property Overview & Appeal

This 1996-built, one-storey home in Varsity View sits on a large 7,203 sqft lot and offers 1,440 sqft of living space with a finished basement. Its key appeal lies in its combination of generous outdoor space and a modern-enough layout that avoids the maintenance concerns of much older properties. The home ranks highly for its lot size, assessed value, and living area compared to most of Winnipeg, indicating a solid, above-average offering in the market.

It particularly suits buyers looking for single-level living or those who prioritize a sizable yard in a well-established neighbourhood. A thoughtful perspective is that while the home is 30 years old, its age places it in a sweet spot: major systems may be nearing their update cycle, allowing a new owner to customize with modern efficiencies, yet it's not so old as to have obsolete layouts or pervasive latent issues. Its strong assessment value ranking suggests it's perceived as a premium property on its street, which could be a point of stability but also means property taxes will reflect that higher valuation.

Potential Buyer FAQs

1. What does the high assessment value ranking mean?
It means the municipal property assessment is higher than 98% of homes on the same street. This generally reflects the city's view of the property's relative worth but directly influences your property tax bill, which will be correspondingly higher.

2. Is the finished basement included in the 1,440 sqft living area?
Typically, municipal living area (sqft) refers to above-grade space. The finished basement is additional living space, which is a valuable bonus for recreation or guests but is not counted in the official 1,440 sqft figure.

3. The home is 30 years old. What should I plan for?
While the structure is sound, this is a common age for original major components like the roof, furnace, or windows to require evaluation and potential replacement. A thorough inspection is crucial to budget for any upcoming updates.

4. How does the lot size benefit me?
At over 7,200 sqft, the lot is significantly larger than average. This offers ample space for gardening, recreation, potential additions like a deck or shed, and simply more privacy from neighbours. It's a long-term asset that is increasingly rare in mature neighbourhoods.

5. What is the neighbourhood character of Varsity View?
As a mature area near the University of Manitoba, it offers stable, established surroundings with a mix of long-term residents and academic affiliates. The rankings show the property performs well within this context, being newer and larger than many community comparables.