Property Overview: 667 Cathcart Street
This 1979-built bi-level home in Elmhurst offers a practical and spacious family living environment on a large 8,100 sqft lot. Its key appeal lies in the combination of a generous, private yard and a finished basement, providing flexible living space within a 1,011 sqft footprint. The home features a split garage and ranks highly for its lot size, placing it in the top tiers within its street, neighborhood, and Winnipeg overall.
It would particularly suit first-time buyers or growing families looking for outdoor space and value in a well-established neighborhood. The property also appeals to those who prioritize land size over a large interior, seeing potential in the lot itself. A less obvious perspective is its attractiveness to buyers who value statistical outperformance; its high rankings for lot size and assessed value suggest a property that stands out in its immediate area for those key metrics.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others in its immediate area. For example, its lot size surpasses 89% of all homes in Winnipeg, indicating an unusually large yard for the city. Its assessed value also ranks higher than most comparable properties.
2. Is the finished basement included in the 1,011 sqft living area?
Typically, the listed living area (1,011 sqft) refers to above-ground, finished space. The finished basement is an additional area that adds functional living space but is often not counted in the official square footage.
3. The home was built in 1979. What should I consider?
While the structure is nearly 50 years old, its assessed value ranking strongly against newer homes suggests it has been maintained or updated. A thorough inspection of major systems (roof, plumbing, electrical, foundation) common to homes of this era is advisable.
4. How does the 2017 sale price relate to the current assessment?
The property sold for $320,000 in 2017 and is now assessed at $416,000. This increase reflects market trends over seven years and the city's valuation for tax purposes, not necessarily a current market price.
5. What are the advantages of a bi-level design?
Bi-level homes typically separate living and sleeping areas across two main floors, offering good noise separation. The design often allows for a walk-out basement, which can make the finished lower level feel more open and connected to the yard.