Property score
70.6
Good
Overall 70.6 · Newer than most nearby homes
1,163 sqft (top 40%) · 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
2% larger 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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70.6 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
204-500 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 22% | Top 42% | Top 39% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This 1,163 sqft condo, built in 1999, is situated at 204-500 Cathcart Street in Winnipeg's Elmhurst neighbourhood. Its primary appeal lies in its exceptional competitive positioning within its immediate area. The property ranks in the top 1% of its street and the top 0% of both its community and all of Winnipeg for its lot size, suggesting a well-above-average unit footprint or building ratio that offers more space than most comparable listings. While its assessed value and recent sale price position it as a more accessible entry point within the market, it outperforms a majority of properties in age, ranking newer than 88% of homes on its street. This combination presents a value-oriented proposition of relatively modern construction with a standout amount of space for the price.
It would suit a practical, value-conscious buyer—perhaps a first-time purchaser or an investor—who prioritizes space and modern building age over premium finishes or a high assessed value. The buyer likely understands that a lower assessment can mean lower property taxes, viewing it as a feature for long-term holding rather than a drawback. This is a property for someone who sees statistical advantage in the rankings and is comfortable in a building that may not have luxury amenities like a garage or pool.
Key Questions & Considerations
1. What do the "top 1%" rankings actually mean for me?
They indicate this specific unit has a larger lot size allocation (or building footprint) than almost all other properties in its comparison groups. In practical terms, this could translate to a more spacious floor plan, larger rooms, or a better unit-to-common-area ratio than is typical.
2. The assessed value is lower than many in the area. Is this a concern?
Not necessarily. A lower assessment typically results in lower annual property taxes, which is a financial benefit. It may reflect the building's overall value or specific market conditions at the time of assessment rather than the unit's livability.
3. Who is this property not ideal for?
It's likely not suited for buyers seeking a premium, high-finish condo with amenities like underground parking, a pool, or a brand-new building. The focus here is on space and value within a solid, late-90s construction.
4. The 2023 sale price was below the current assessment. How should I interpret this?
The sale price reflects what a buyer was willing to pay in a specific market moment. It suggests the unit may offer value, but it's essential to understand the context of that sale (e.g., condition, motivation) and compare it to current market conditions.
5. What are the less obvious things to consider?
The "newness" ranking is strong, meaning major building components like roofs and windows are likely more recent than in many older buildings, potentially reducing near-term special levy risks. However, as a 27-year-old building, a review of the condo's reserve fund study and minutes for upcoming maintenance is crucial. Also, the lack of a garage means factoring in the cost and availability of street or surface parking.
