Property Overview: 638 Cathcart Street, Winnipeg
Key Characteristics & Appeal
This is a well-situated, one-storey home in Elmhurst on a notably large lot of over 7,300 square feet. Built in 1971, the property features a finished basement and a split garage. Its primary appeal lies in the substantial land size, which ranks within the top 14% of all properties in Winnipeg, offering significant outdoor space and potential in a mature neighborhood. The home itself, at 873 sqft of living space, is compact and efficient.
The property suits practical buyers looking for a solid foundation—perhaps first-time homeowners, downsizers, or investors. It’s for someone who values a large, private yard over a large house and sees the potential in the existing finished basement and the generous lot. The rankings suggest it’s a competitively priced option within the broader market, offering good value for the land. A thoughtful perspective is that this home represents an opportunity to own a property where the land is the standout asset, a increasingly rare find in city limits, ideal for those with long-term vision for gardens, expansions, or simply enjoying spacious greenery.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Elmhurst, and across all of Winnipeg. For example, being in the top 14% for land size city-wide highlights the lot as a major feature, while the age and living space rankings confirm it's a more compact, classic home.
2. Is the house in need of major updates?
Given its 1971 build date, some systems or interiors may benefit from modernization to suit contemporary tastes, though the presence of a finished basement suggests some updates have been made.
3. How does the assessment value relate to the asking price?
The municipal assessment is $357,000, providing a baseline for taxation. The eventual listing or sale price will be determined by the current market, condition, and the desirable lot size.
4. What are the benefits of a split garage?
A split garage, typically a two-car garage separated by a wall, offers flexibility. It can be used for vehicle storage plus a workshop, or to securely separate yard equipment from a primary vehicle.
5. Who would this property not suit?
It may not suit buyers seeking a modern, move-in-ready home with ample above-ground square footage or those unwilling to consider potential updates. The layout and size prioritize lot over living space.