Property Overview
832 Cathcart Street is a well-established, one-storey home in Winnipeg's Elmhurst neighbourhood. Built in 1978, its key characteristic is its generous 7,005 sqft lot, which is notably larger than most in the city, offering ample outdoor space. The 1,260 sqft living area includes a finished basement, and the property features an attached garage. Its appeal lies in a balance of space and practicality: it provides the roominess of a large lot—a relative rarity—within a mature, settled community. The home’s rankings indicate it outperforms a significant majority of Winnipeg homes in lot size and assessed value, suggesting solid underlying value.
This property would suit buyers looking for a manageable single-level layout with significant yard potential for gardening, recreation, or future expansion. It’s a practical choice for those who value outdoor space over a brand-new build, and its strong city-wide rankings in lot size and assessment make it a contender for value-conscious buyers or those seeing long-term potential in land.
Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings compare this home against others on its street, in Elmhurst, and across all of Winnipeg. For example, its lot size is in the top 17% city-wide, meaning it's larger than 83% of Winnipeg properties. This is a useful, objective gauge of how specific features stack up in the market.
2. Is the finished basement included in the 1,260 sqft living area?
Typically, main-floor living area (square footage) and finished basement space are reported separately in listings. The 1,260 sqft likely refers to the above-ground living space, with the finished basement providing additional usable rooms.
3. What are the implications of a 48-year-old home?
A home of this age may have undergone updates, but buyers should budget for potential maintenance or updates to major systems like roofing, windows, or the furnace, which may be nearing the end of their service life. A thorough inspection is advised.
4. How does the large lot add value beyond just space?
Beyond privacy and room for activities, a large lot in a mature neighbourhood offers flexibility. It could accommodate additions like a shed, deck, or patio, and may have better rainwater drainage than smaller, denser lots. It's a feature that is increasingly difficult to find.
5. The home ranks lower for "newness" in its own community. Should I be concerned?
This simply reflects that Elmhurst has many homes built around the same time or later. It doesn't speak to the condition of this specific home. It indicates a mature, stable neighbourhood character rather than a newer subdivision, which some buyers prefer.