841 Cathcart Street

Property Overview: 841 Cathcart Street, Elmhurst, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Elmhurst presents a practical and comfortable living proposition. Its key characteristics include a renovated basement, an attached garage, and a manageable 1,308 sqft of living space on a generous 6,621 sqft lot. Built in 1981, the home is notably newer than most on its street, offering modern infrastructure advantages.

The appeal lies in its balanced, above-average positioning within the market. The assessed value ranks highly for the street and city, suggesting solid intrinsic value, while the lot size is well above the city average, providing ample outdoor space. The renovated basement adds immediate functional living area without the need for a project.

This property would suit first-time buyers or downsizers seeking a single-level layout in a stable neighbourhood. It’s also a sensible fit for value-oriented buyers who appreciate a home that stands out on its street for its newer construction and updated features, without being the largest or most expensive property in the broader area.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to others nearby?
The home’s assessed value is in the top 20% on Cathcart Street itself and the top 30% citywide, indicating it is considered a higher-value property relative to many peers, which can be a positive signal for long-term investment.

2. Is the lot size a significant feature?
Yes. While average for the immediate area, the lot is in the top 20% citywide, meaning you get more outdoor space than most Winnipeg properties. This offers great potential for gardening, expansion, or simply more private space.

3. What does the “renovated basement” typically include?
While specifics require a viewing, a renovated basement in a home of this era often means a finished living area, possibly with a recreation room, additional bedroom, or laundry facilities. It adds valuable, comfortable space without the immediate cost of renovation.

4. The home was last sold in 2016. What should I consider?
A nine-year ownership period suggests the sellers have been settled, which can sometimes mean well-considered upkeep. It’s a good prompt to ask about updates made during their tenure and the general history of the home.

5. How does the living area size impact daily life?
At 1,308 sqft, the living space is very close to the city average. It’s efficient for a smaller household or couple, offering easier maintenance and lower utility costs compared to much larger homes, while still providing adequate room for comfortable living.