530 Cathcart Street

Property Overview

This 1971 bi-level home at 530 Cathcart Street presents a unique blend of space, features, and location. Its primary appeal lies in its exceptionally large, 7,631 sqft lot within the Elmhurst neighbourhood, offering rare potential for expansion, gardening, or outdoor recreation. The home itself includes practical, family-friendly features like a finished basement, an in-ground pool, and an attached garage. While the 828 sqft living area is modest, the overall property footprint is substantial.

This property would best suit a buyer who values outdoor space over a large interior footprint. It's ideal for a family or entertainer who will make full use of the pool and expansive yard, or for a future-focused buyer who sees the long-term potential in the lot size itself. It’s a home where the lifestyle happens as much outside as inside, appealing to those comfortable with a 1970s-era layout who prioritize land and practical amenities.

Key Questions & Considerations

1. What is the condition and maintenance cost of the pool? An in-ground pool is a major luxury but requires regular, ongoing maintenance and seasonal opening/closing. Prospective buyers should budget for these costs and consider having the system inspected.
2. How does the finished basement affect the living space? The finished basement effectively doubles the usable area beyond the 828 sqft main floor. Clarifying the layout, ceiling height, and whether it includes a legal bedroom or secondary living space is important.
3. Is the large lot a benefit for me? While a top-tier asset, a lot of this size requires more time and expense for landscaping, lawn care, and snow clearing than a standard property. It's a benefit best appreciated by someone who enjoys or will utilize the outdoor space.
4. How does the "bi-level" design impact daily living? Bi-levels typically feature split entryways and short staircases separating living and sleeping areas. This layout offers good separation but may be less suitable for those seeking single-level living or with mobility concerns.
5. Why is the assessed value ranking higher than the living area ranking? The assessment reflects the total property value, which is significantly bolstered by the large lot size, pool, and finished basement. This indicates that the land and amenities are considered more valuable assets than the square footage of the house itself.