808 Cathcart Street

Property Overview

This 1978-built bungalow at 808 Cathcart Street offers a practical and spacious family footprint in Winnipeg's Elmhurst neighborhood. Its key appeal lies in the combination of a large, 7,000 sqft lot with a fully finished basement, providing significant room to grow and customize. The home’s 1,066 sqft of main-floor living space is complemented by the attached garage and one-storey layout, which prioritizes accessibility and easy maintenance.

The property’s competitive strength is highlighted by its value relative to the wider city. It ranks within the top 17% of all Winnipeg homes for lot size and the top 32% for assessed value, suggesting a well-priced offering for the land and improvements. This is a home that suits first-time buyers or downsizers looking for a manageable single-level layout without sacrificing yard space, as well as value-oriented buyers who see potential in the existing structure and generous lot. Its appeal is grounded in solid fundamentals—space, location, and value—rather than high-end finishes, making it a canvas for personalization.

Frequently Asked Questions

1. How does the age of the home (built in 1978) affect its condition and potential costs?
As a home from the late 1970s, major systems like the roof, windows, furnace, or plumbing may be at or nearing their typical lifespan. A thorough inspection is crucial to budget for any necessary updates or repairs, which can be balanced against the home's relatively attractive assessment value.

2. What are the advantages and considerations of such a large lot?
The 7,000 sqft lot is a significant asset, offering ample space for gardening, recreation, future additions like a deck or shed, and overall privacy. Buyers should consider that a larger lot also entails more yard maintenance and potentially higher landscaping costs or snow-clearing efforts.

3. The home ranks lower for interior living area size within its community. How does the finished basement change this?
While the main floor living area (1,066 sqft) is modest for the neighborhood, the fully finished basement effectively doubles the usable space. This is ideal for creating separate family, entertainment, or hobby rooms, making the overall living space very functional.

4. The assessment value ranks higher than the building's age and size rankings. What does this indicate?
This suggests that municipal assessors see strong value in the property's combination of land size, location, and improvements relative to the market. It can indicate the property is a sound asset, but buyers should always compare the assessment to the list price and recent neighborhood sales.

5. What is the practical benefit of the one-storey (bungalow) design?
Beyond the obvious accessibility benefits, a bungalow often means easier and safer roof maintenance, simpler exterior cleaning, and efficient heating/cooling distribution. It’s a layout that offers long-term practicality as needs change.