Property Overview: 15 Cathurst Place
Key Characteristics & Appeal
This is a spacious, two-storey family home in Elmhurst, built in 1980. Its primary appeal lies in its generous scale and established lot. With over 2,140 square feet of living space, it ranks in the top 10% of homes in its community for size, offering ample room for a growing family. The property sits on a large, 7,840 sqft lot, providing significant outdoor space for play, gardening, or future expansion. While it features an unfinished basement and no garage, these aspects present a clean slate for customization to suit a buyer's specific needs and vision.
The home’s competitive positioning is noteworthy. It ranks highly within Winnipeg overall for both lot and living area size, suggesting it offers more space than the vast majority of city properties. Its appeal is balanced, however, as its assessed value is more moderate relative to its physical dimensions, potentially indicating an opportunity for value-conscious buyers seeking space over luxury finishes. This property would best suit a practical, hands-on buyer—perhaps a family looking to establish roots in a mature neighborhood who values interior and yard space above turn-key condition and is willing to undertake projects like finishing the basement or adding a garage over time.
Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings compare this home against others on its street, in Elmhurst, and across all of Winnipeg. For example, ranking in the top 12% in Winnipeg for lot size means 88% of city properties have a smaller lot area. It's a quick way to gauge how this property's key metrics stack up locally.
2. The basement is unfinished. What are the implications?
This means the basement area is in a rough state, typically with exposed concrete walls and floors, and is not configured as livable space. It represents both a current limitation on usable square footage and a significant opportunity to add value and customize additional rooms (like a rec room, home office, or suite) according to your own taste and budget.
3. Is the lack of a garage a major drawback?
It depends on your lifestyle and future plans. For some, it's an inconvenience for vehicle storage and workshop space. For others, the large lot presents the clear possibility of adding a detached garage or carport later, allowing you to design exactly what you need.
4. The home is 46 years old. What should I consider?
Homes of this age are typically solidly built but will have components nearing the end of their service life. A thorough inspection is crucial to assess the condition of major systems like the roof, windows, plumbing, and electrical, which may require updates or planned replacement.
5. Why is the assessed value ranking lower than the size rankings?
This is a key point. The home ranks very high for physical size but lower for its assessed value within its immediate area. This can sometimes reflect the unfinished state of the basement, the lack of a garage, or the potential for updates inside. It suggests the municipal assessment sees the raw potential but prices it according to its current condition, which could be a point of discussion in the buying process.