Property Summary: 621 Cathcart Street
Key Characteristics & Appeal
This 1971 bi-level home in Elmhurst sits on a notably large, nearly 9,000 sqft lot, a rare find that places it in the top tier of properties locally. Its key features include a finished basement, an in-ground pool, and a split garage. The home’s primary appeal lies in its exceptional outdoor space and established neighbourhood setting. The expansive yard offers significant potential for gardening, recreation, or future expansion, while the pool provides a private retreat. The property ranks highly for its lot size and overall assessed value within Winnipeg, indicating a solid, above-average investment in terms of land.
This home would best suit a buyer who values space and privacy over sheer interior square footage. It’s ideal for someone looking for a project-friendly property where the generous land is the main canvas. The existing pool appeals to those seeking a ready-made summer oasis, while the finished basement and garage add functional living and storage space. It’s a match for buyers comfortable with a home from the 1970s who see the underlying value in the land and are prepared to tailor the 828 sqft of living space to their needs over time.
Frequently Asked Questions
1. How does the home’s smaller living area (828 sqft) compare to its overall value?
While the living space is modest, the property’s value is significantly driven by its large lot, which is nearly double the standard size in many areas. Buyers are investing primarily in the land and outdoor potential, with the home itself serving as a functional starting point.
2. What does the “finished basement” entail?
The listing confirms a finished basement, but specifics on layout, ceiling height, and finishes are not provided. This is a key detail to verify during a viewing, as the condition and usability of this space can vary widely in bi-level homes of this era.
3. The home was last sold in 2017. What should I consider?
The 2017 sale price provides a market benchmark, but the current assessed value is notably higher. This gap suggests market appreciation and/or possible improvements. It’s wise to investigate what changes were made in the last seven years and ensure any renovations were properly permitted.
4. Are there any concerns with a 55-year-old home with a pool?
Absolutely. A home of this age requires a thorough inspection of its major systems (roof, plumbing, electrical). The in-ground pool, while a luxury, adds maintenance responsibility and requires a dedicated inspection to assess its structure, equipment, and liner for potential costly repairs.
5. The rankings show high marks for lot size but lower marks for living area. How should I interpret this?
These rankings clearly highlight the property’s unique profile: it’s a land-rich, house-modest offering. It’s not a move-in-ready dream home for everyone, but a strategic purchase for those who prioritize outdoor space and see the home itself as adaptable. Its appeal is niche rather than universal.