609 Cathcart Street is a well-situated, one-storey home in Winnipeg's Elmhurst neighbourhood. Its primary appeal lies in its generous, nearly 9,000 sqft lot—a rare find that places it in the top 10% of properties on its street for land size. The home itself, built in 1971, is a practical 873 sqft bungalow with a finished basement and an attached garage. While the living space is modest and the building is of average age for the area, the property's standout value is its expansive outdoor space and solid overall assessment value, which ranks higher than over 60% of homes across Winnipeg. It suits buyers looking for a ground-level living setup with significant yard potential for gardening, recreation, or future expansion, who prioritize land over a large interior footprint.
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What is the true advantage of such a large lot?
Beyond simple outdoor space, a lot of this size in a mature neighbourhood offers long-term flexibility. It provides ample room for additions like a shed, workshop, or expansive deck, and significant potential for landscaping or gardening. It also represents a future-minded investment, as land is a finite resource.
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How does the home's age impact a purchase decision?
Built in 1971, the home is in the middle of its expected lifespan. Buyers should budget for updates to major aging components like the roof, windows, and HVAC system. A thorough inspection is crucial to understand the condition of these elements.
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The living space ranks lower than most; is it too small?
The 873 sqft main floor is compact. However, the finished basement effectively doubles the usable living area. This layout is ideal for those who want efficient, single-level living with additional space for a family room, home office, or guests downstairs.
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Who would this property suit best?
It's an excellent fit for first-time buyers or downsizers seeking a manageable bungalow with a huge yard, or for practical investors looking for a property where the land value is a key component. It's less suited for those needing substantial above-grade square footage immediately.
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What does the assessment value tell us?
The municipal assessment of $384,000 is a strong benchmark, ranking higher than most of Winnipeg. It suggests the property is valued robustly by the city's metrics, which typically reflect lot size, location, and building quality. This provides a solid foundation for understanding its market position.