Property Overview: 781 Cathcart Street
Key Characteristics & Appeal
This 1981 two-storey home in Elmhurst sits on a large, approximately 5,800 sqft lot and offers 1,620 sqft of living space with a finished basement. It features an attached garage. The property’s key appeal lies in its above-average space and established value within a mature neighbourhood. Its living area and total assessed value rank notably high compared to most homes in Winnipeg, suggesting a well-sized property with solid municipal valuation.
It would particularly suit buyers looking for a spacious family home on a generous lot without venturing into newer suburbs. The mature setting offers established trees and community character. A thoughtful perspective is that while the home is 45 years old, its rankings show it competes well against newer builds in terms of size and value, representing a classic, enduring housing stock. It’s a practical choice for those who prioritize interior and land space over a brand-new construction, and who are prepared for the maintenance that comes with a home of this age.
Frequently Asked Questions
1. What do the ranking percentages actually mean?
They show how this property compares to others in the immediate area and city. For example, its living area is larger than 90% of homes on its street and 78% of all homes in Winnipeg, indicating it is a notably spacious property for its location.
2. Is the basement included in the 1,620 sqft living area?
Typically, the listed "居住面积" (Living Area) refers to above-grade, finished space. The basement is listed separately as finished ("已装修") and is additional square footage.
3. The home was built in 1981. What should I be aware of?
While systems like roofing, windows, and major appliances may have been updated, a home of this age will likely require a thorough inspection. Potential items could include the original furnace, electrical panel, or plumbing. Its high assessment value, however, may reflect significant updates or well-maintained condition.
4. How does the large lot size benefit me?
Beyond simple outdoor space, a lot of this size (ranking highly for the street) offers privacy, room for gardening, play areas, or future additions like a shed or deck. It’s a feature that is increasingly rare in newer developments.
5. The assessment value is high relative to the area. Is that good?
A high municipal assessment generally indicates the city views the property as valuable, often due to size, improvements, or location. It can be a sign of a strong asset, but it also means property taxes will be correspondingly higher than for a lower-valued home in the same neighbourhood.