118-500 Cathcart Street

Elmhurst, Winnipeg

Property score

70.6

Good

Overall 70.6 · Newer than most nearby homes

1,163 sqft (top 40%) · Built in 2000 (4 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

2% larger than neighborhood avg.

Year Built

Above average

4 yrs newer than neighborhood avg.

Mother tongue

English · 85%French · 2%

Past 10 years Elmhurst sales snapshot (~80% of all data)

Sold Count

73

Median price

245k

$/sqft

$231/sqft

Avg build year

1996

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Property score

70.6 is composed by the two sections below.

Property Score

66.0Good
Living Area60
1,163 sqftFair
Year Built84
2000Excellent
Neighbourhood Sales Activity37
Low

Community Score

77.5Good
Household Income76
Good
Education Level91
Excellent
Housing Stress83
Excellent
Core Housing Need88
Excellent
Employment Health42
Low

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110352

Community deep dive

$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

Population, labour & age

Population (2021)639
Labour force participation rate47%
Median age58.0
Avg household size1.9
Unemployment rate11%
Population density3195 / km²

Households & income

Low income (LIM-AT, % pop.)12%
Single-person households46%
Couple families with children19%
Median household income (2020)$78K

Housing

Renter households33%
Condominium dwellings25%
Median dwelling value (owners)$400K

Diversity, education & language

Immigrants (share of pop.)14%
Visible minority4%
Bachelor's or higher (25–64)51%
Mother tongue (1st)English · 85%
Mother tongue (2nd)French · 1%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
1,163 sqft
0255075100
Same streetTop 30%Same areaTop 40%CitywideTop 30%
Same street · Cathcart Street
#18 / 60
Top 30% · Avg 1,164 sqft
Same area · Elmhurst
#59 / 148
Top 40% · Avg 1,140 sqft
Citywide · Winnipeg
#7,997 / 26,841
Top 30% · Avg 1,042 sqft

Tax-Assessed Value

around average
238k
0255075100
Same streetTop 37%Same areaTop 49%CitywideTop 47%
Same street · Cathcart Street
#22 / 60
Top 37% · Avg 238.6k
Same area · Elmhurst
#72 / 148
Top 49% · Avg 274.4k
Citywide · Winnipeg
#12,572 / 26,841
Top 47% · Avg 256.1k

Year Built

Elite
2000
0255075100
Same streetTop 2%Same areaTop 1%CitywideTop 41%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

118-500 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).

Search radius
🍽️Dining1
🏫Education1
🏥Healthcare1
Worship1

Crime & Safety

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%

Sales History

118-500 Cathcart Street: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.

Related homes

Highlights & common questions: 118-500 Cathcart Street, Winnipeg

Property Overview: 118-500 Cathcart Street, Winnipeg

Key Characteristics & Appeal

This is a well-maintained, modern condo in Elmhurst, built in 2000. Its primary appeal lies in its exceptional competitive standing within its immediate area. The property ranks in the top 1% of its street and the top 3% of the Elmhurst community for its newer construction age, indicating it is among the most contemporary homes in the neighborhood. With just over 1,160 square feet of living space, it offers a comfortable footprint that is competitively sized for the area.

The property’s greatest strength is its standout value proposition. While its assessed value positions it in the more affordable tier locally, its modern build and solid size create a compelling contrast. This suggests a unit that offers newer infrastructure and finishes without a premium price tag, representing a savvy entry point into a stable community. It would suit first-time buyers, downsizers, or value-focused investors seeking a modern, low-maintenance home in a well-established Winnipeg neighborhood. The lack of a basement or garage points to a truly lock-and-leave lifestyle, appealing to those prioritizing simplicity and ease.

Frequently Asked Questions

1. What do the ranking percentages actually mean?
They show how this property compares to others in a specific geographic area. For example, ranking in the top 1% for age on its street means it is newer than 99% of the other homes on Cathcart Street, a sign of modern construction in an older area.

2. The assessment value seems low relative to the rankings for age and size. Why?
This is the property’s key dynamic. The lower assessment likely reflects broader market factors and the condo's specific attributes (like no garage), while the high rankings for age and community standing highlight its inherent, less obvious advantages of newer systems and neighborhood position.

3. Who is the ideal buyer for this type of property?
It’s an excellent fit for pragmatic buyers who value modern building systems (like updated electrical or plumbing) over flashy extras. It’s also ideal for those who want a manageable space without outdoor maintenance responsibilities.

4. What are the potential drawbacks to consider?
The lack of a basement means no additional storage or utility space, and there is no private garage. Parking and storage would be limited to what the condo complex provides. The overall value is also closely tied to the health and management of the condo corporation.

5. How significant is the "newer build" aspect in a neighborhood context?
Very significant. In an established community, a home built in 2000 avoids many of the major repair or renovation issues common in much older homes, offering immediate peace of mind and potentially lower near-term maintenance costs, which is a major hidden benefit.