205-500 Cathcart Street

Elmhurst, Winnipeg

Property score

70.6

Good

Overall 70.6 · Newer than most nearby homes

1,142 sqft (top 44%) · 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

0% 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)

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
1,142 sqftFair
Year Built84
1999Excellent
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

around average
1,142 sqft
0255075100
Same streetTop 35%Same areaTop 44%CitywideTop 32%
Same street · Cathcart Street
#21 / 60
Top 35% · Avg 1,164 sqft
Same area · Elmhurst
#65 / 148
Top 44% · Avg 1,140 sqft
Citywide · Winnipeg
#8,601 / 26,841
Top 32% · Avg 1,042 sqft

Tax-Assessed Value

Elite
280k
0255075100
Same streetTop 3%Same areaTop 22%CitywideTop 34%
Same street · Cathcart Street
#2 / 60
Top 3% · Avg 238.6k
Same area · Elmhurst
#33 / 148
Top 22% · Avg 274.4k
Citywide · Winnipeg
#9,214 / 26,841
Top 34% · Avg 256.1k

Year Built

above average
1999
0255075100
Same streetBottom 48%Same areaTop 21%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

205-500 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

Sold 6/2023CA$250k–300k
Sold price

Same street

Top 17%

Same area

Top 40%

City-wide

Top 36%
Sold 9/2016CA$200k–250k
Sold price

Same street

Bottom 47%

Same area

Bottom 41%

City-wide

Top 50%

Related homes

Highlights & common questions: 205-500 Cathcart Street, Winnipeg

Property Summary: 205-500 Cathcart Street, Winnipeg

Section 1: Key Characteristics & Appeal

This is a well-maintained, second-floor condominium in the Elmhurst neighbourhood, built in 1999. With 1,142 square feet of living space, it offers a practical layout for comfortable daily living. The property's standout feature is its exceptional competitive positioning within its immediate area. It ranks in the top 1% of homes on its street and the top 5% within the broader Elmhurst community for its newer construction age, suggesting a building that has aged well compared to many nearby alternatives. Recent sale history shows steady value appreciation.

Its primary appeal lies in offering a modern, low-maintenance lifestyle in an established area. Without a basement, garage, or private yard upkeep, it suits buyers seeking simplicity and freedom from exterior chores. The unit would particularly suit first-time buyers, downsizers, or investors looking for a turnkey property with a strong track record in a mature community. A thoughtful perspective is that this condo represents a "sweet spot" – it’s not the newest build, but its age places it ahead of most local stock, potentially offering better build quality and settled strata finances than much older buildings, without the premium price of a brand-new unit.

Section 2: Frequently Asked Questions

1. What do the ranking percentages mean?
They show how this property compares to others in the area. For example, ranking in the "top 1%" for its street means it surpasses 99% of other homes on Cathcart Street in that specific metric, such as size or age.

2. Are condo fees included in the price details?
No, the provided price history and assessed value are for the unit only. Prospective buyers must obtain current monthly condo fee information and budget for that ongoing cost.

3. Why is the assessed value higher than the 2023 sale price?
Municipal assessments for tax purposes often lag behind current market conditions and can differ from actual market value. The 2023 sale price is the most concrete indicator of its recent market worth.

4. What does "no basement" imply for storage?
All storage must be accommodated within the 1,142 sqft unit layout. Buyers should consider their storage needs and inquire about any additional locker or shared storage space the condo corporation may provide.

5. The community rank for "Assessment" is lower. Is this a concern?
Not necessarily. The low rank (top 92%) means the unit's assessed value is higher than only 8% of homes in Elmhurst, which is typical for a condo among a mix of property types. Its stronger rankings in age and street position are more specific indicators of its condition and desirability within its building type.