Property Summary: 129-500 Cathcart Street, Winnipeg
Key Characteristics & Appeal
This property is a modest, well-situated home built in 2000, offering a practical and affordable entry point into Winnipeg’s Elmhurst neighborhood. Its primary appeal lies in its strong relative standing within its immediate area. The home ranks in the top 1% of its street for lot size and is newer than 99% of houses on the same street, suggesting it is among the larger, more modern properties in this specific locale. With 1,086 sqft of living space and a recent 2018 sale price of $220,000 (closely aligned with its current $222,000 assessment), it presents a stable, value-conscious option.
The home would suit first-time buyers or investors seeking a low-maintenance property without a basement or garage. Its exceptional rankings for lot size and age on its street hint at a potentially better-than-average outdoor space and building envelope for the block, offering a sense of relative value that isn't immediately apparent from the square footage alone. However, buyers should note its rankings drop significantly when compared to the broader community and city in terms of size and assessed value, indicating it is a more compact, economically priced home within the wider market.
Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings show how this property compares to others in three areas: its specific street, the wider Elmhurst community, and all of Winnipeg. It excels in lot size and modern build on its own street, but is a more average-to-smaller sized home in the broader context.
2. Is the lack of a basement or garage a major drawback?
This depends on your needs. It means lower maintenance and no basement renovation costs or moisture concerns, but significantly reduces storage and utility space. It may also limit future expansion possibilities.
3. The 2018 sale price is very close to the current assessment. What does this suggest?
This indicates a stable, non-speculative value history in recent years. For a buyer, it suggests the price is likely grounded in market reality rather than sharp appreciation, potentially allowing for a more straightforward purchase near its assessed value.
4. Who would this property NOT be suitable for?
It would likely not suit growing families needing more space or multiple bedrooms, anyone requiring significant storage (e.g., for vehicles, hobbies, or possessions), or buyers prioritizing features like a garage or basement workshop.
5. The "land area" is listed as "—", but it ranks highly for lot size. Why is that?
While the exact square footage isn't provided, the ranking confirms that, for its street, the parcel of land is larger than most. This could mean a more generous yard or setback than neighbors, which is a key advantage even without the specific measurement.