400 Cathcart Street

Property Overview

This 1973 bi-level home at 400 Cathcart Street sits on a large, approximately 7,700 sqft lot in Winnipeg's Varsity View neighbourhood. With 1,084 sqft of living space, a finished basement, and a detached split garage, it offers practical, ground-level living. Its appeal lies in the combination of a generous, private lot that ranks in the top tier for size locally, and a location within a well-established community. The property's assessed value and recent past sale price consistently rank it well above average for Winnipeg, suggesting a solid and competitive market position.

It would suit buyers looking for a manageable single-family home with significant outdoor space, without the maintenance of a larger two-storey. It's also a strong candidate for those who value data-driven metrics, as its high percentile rankings for lot size and value indicate a property that stands out in its peer group. A less obvious perspective is that a home from this era on such a large lot may present opportunities for future expansion or landscaping projects that wouldn't be possible on newer, more densely packed subdivisions.

Key Questions for Buyers

1. What does the "bi-level" design mean for daily living?
   This style typically features a short staircase to the main living areas and another down to the lower level. It creates a clear separation between living and sleeping spaces, which can be efficient, but involves navigating stairs more frequently than in a bungalow.

2. How does the age of the home (53 years) factor in?
   While the home is well-established, its systems, roof, and windows are likely at stages where inspection and potential updates should be budgeted for. Its age is fairly typical for the neighbourhood, ranking it in the middle range locally.

3. The lot is large, but what does that practically offer?
   Beyond space for play or gardening, a lot of this size (ranking in the top 25% on its street) provides greater privacy from neighbours and more flexibility for adding decks, sheds, or even future additions, subject to zoning.

4. The value rankings seem high. What does that indicate?
   The property consistently ranks above 70% of all Winnipeg homes for assessed and past sale value. This generally reflects a combination of its desirable lot size, location, and condition relative to the broader market, but it also means it operates in a more competitive price segment.

5. What is the significance of the detached split garage?
   This offers secure parking and storage separate from the house. A "split" design may allow for a workshop area or additional organized storage. It does mean accessing your vehicle involves going outside, which is a consideration during Winnipeg winters.