Property score
67.5
Good
Overall 67.5 · Newer than most nearby homes
1,092 sqft (bottom 43%) · Built in 1999 (3 yrs newer than avg)
Located in a above-average income area with median household income of ~77.5k
Transit 82.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 1 school, 1 healthcare facility, and 1 place of worship nearby
Living Area
Near average
4% smaller than neighborhood avg.
Year Built
Above average
3 yrs newer than neighborhood avg.
Mother tongue
English · 85%French · 2%
Past 10 years Elmhurst sales snapshot (~80% of all data)
73
245k
$231/sqft
1996
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67.5 is composed by the two sections below.
Property Score
Community Score
Elmhurst
How to read: Share of sales in each ~$50k price band for “elmhurst” (Condos, 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110352
$78K
Median household income
$102K
Average household income
12%
Low income (LIM-AT)
0.3
Income inequality (Gini)
4.6
P90 / P10 ratio
46%
Single-person households
19%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
115-500 Cathcart Street — 4 amenities found within 500 m, across 4 categories, including 1 dining (nearest 475 m), 1 education (nearest 497 m), 1 healthcare (nearest 465 m).
Elmhurst · WPS public data · 2026
Annual incidents
5
2026
vs. city avg
-83%
relative to avg
Year-over-year
▼ -92%
vs. prior year
Primary type
Property
80%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 25% | Top 44% | Top 40% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This 1,092 sqft condo unit at 115-500 Cathcart Street, built in 1999, presents a practical and affordable entry point into Winnipeg's Elmhurst neighborhood. Its primary appeal lies in its exceptional value positioning and low-maintenance lifestyle. The recent sale price of $260,000 is notably higher than its assessed value, suggesting strong market interest. The unit ranks in the top tier for its area in terms of building age (newer than 95% of the community) and sits in the 99th percentile for unit size within its specific street, indicating it is one of the larger options in its immediate building or complex. However, it does not include a basement or garage.
This property would suit first-time buyers seeking a foothold in the market without the upkeep of a house, or downsizers looking to simplify. Its competitive rankings for size and age on its street hint at a well-situated unit within the building, possibly with better-than-average proportions or layout for the complex. The buyer is likely value-conscious, prioritizes location and interior space over private outdoor amenities, and is comfortable with the condo fee structure that covers exterior maintenance.
Frequently Asked Questions
1. What does the ranking data actually mean for a buyer?
The rankings show how this unit compares to others nearby. For example, being newer than 95% of homes in Elmhurst is a plus for system longevity, while ranking in the top 1% for size on its street confirms it's a spacious unit for that specific address, which is a key advantage in condo living.
2. Why did it sell for significantly more than its assessed value?
This is common and reflects current market demand exceeding the municipality's assessed value for tax purposes, which often lags the market. It indicates buyers saw value in the property worth a premium, potentially due to factors like updates, interior condition, or desirable building amenities.
3. Are there any obvious drawbacks based on this data?
The lack of a garage or basement means all storage and living space is contained within the unit's footprint. The rankings also show its value is very high for the area, which is positive for equity, but future resale may be influenced by how the broader building and complex are maintained.
4. What is the neighborhood (Elmhurst) like?
Elmhurst is a mature, established neighborhood in Winnipeg. Its high ranking for this property's value within the community suggests it's an affordable area relative to the city overall, often appealing to those seeking central convenience without a premium price tag.
5. What should I investigate further before considering this property?
The condo fee amount and what it precisely covers (heat, water, building insurance, reserves) are critical, as they significantly impact monthly costs. A review of the condo corporation's financial health and reserve fund study is essential to avoid special assessments. Also, understanding the building's rules (pets, rentals, renovations) is a key next step.
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