Property Overview: 360 Cathcart Street
Key Characteristics & Appeal
This is a well-established, single-storey home in the Varsity View neighbourhood, built in 1974. It sits on a large, 6,539 sqft lot, offering above-average outdoor space for the area. The home itself has 1,344 sqft of living space, which ranks comfortably above the majority of Winnipeg homes. Key features include a finished basement and a detached garage.
The appeal lies in its combination of space, location, and proven value. The lot size is a significant asset, providing room for gardening, play, or future expansion. Its rankings against local comparables are strong, particularly for lot and living area size, indicating it's a substantial property within its context. The 2022 sale price is closely aligned with the current assessed value, suggesting a stable market perception.
This home would suit buyers looking for a grounded, no-frills property with room to breathe in a central neighbourhood. It's ideal for those who prioritize interior space and yard size over a newer build, and for value-conscious buyers who appreciate a home with a clear, recent market valuation. It could serve as a comfortable long-term home for a small family or a couple, or as a solid investment property given its consistent metrics.
Frequently Asked Questions
1. What does the ranking data actually mean?
The percentages show how this property compares to others in the immediate area and city. For example, its living area is larger than 76% of homes on its street and 64% of homes in Winnipeg, highlighting one of its key strengths.
2. Is a 1974-built home a concern?
While not new, the home's age is typical for the neighbourhood. Its above-average rankings for value and condition suggest it has been maintained competitively. A thorough inspection is always recommended to understand the state of major systems and the roof.
3. How significant is the lot size?
At over 6,500 sqft, the lot is a standout feature. In established neighbourhoods, large lots offer privacy, space for outdoor activities, and potential for additions like a shed, deck, or garden that smaller lots cannot accommodate.
4. The home sold recently in 2022. What does that indicate?
The recent sale provides a clear, modern benchmark for its market value. The fact that the current assessment is virtually identical to that sale price suggests the property's valuation is stable and grounded in recent market activity.
5. Who might this property not suit?
Buyers seeking a modern, open-concept layout or move-in-ready finishes without any projects may find this home less appealing. Its appeal is rooted in space and land value rather than contemporary design or recent renovations.