223-500 Cathcart Street

Elmhurst, Winnipeg

Property score

67.5

Good

Overall 67.5 · Newer than most nearby homes

1,099 sqft (bottom 46%) · 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

4% smaller 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

67.5 is composed by the two sections below.

Property Score

60.8Fair
Living Area52
1,099 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

around average
1,099 sqft
0255075100
Same streetBottom 43%Same areaBottom 46%CitywideTop 37%
Same street · Cathcart Street
#34 / 60
Bottom 43% · Avg 1,164 sqft
Same area · Elmhurst
#80 / 148
Bottom 46% · Avg 1,140 sqft
Citywide · Winnipeg
#9,913 / 26,841
Top 37% · Avg 1,042 sqft

Tax-Assessed Value

around average
215k
0255075100
Same streetBottom 7%Same areaBottom 22%CitywideBottom 44%
Same street · Cathcart Street
#56 / 60
Bottom 7% · Avg 238.6k
Same area · Elmhurst
#115 / 148
Bottom 22% · Avg 274.4k
Citywide · Winnipeg
#14,953 / 26,841
Bottom 44% · 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

223-500 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 1/2018CA$200k–250k
Sold price

Same street

Bottom 19%

Same area

Bottom 21%

City-wide

Bottom 43%

Related homes

Highlights & common questions: 223-500 Cathcart Street, Winnipeg

Property Summary: 223-500 Cathcart Street, Winnipeg

Key Characteristics & Appeal

This is a well-maintained, 1,099 sqft condo unit in Elmhurst, built in 2000. Its primary appeal lies in its exceptional competitive standing within its immediate surroundings. The property ranks in the top 1% of its street and top 3% of the Elmhurst community for its relatively newer build year, indicating it is among the most modern homes in the area. This offers a practical advantage in terms of potentially lower maintenance needs and updated building systems compared to older stock.

The unit suits first-time buyers, downsizers, or investors seeking a low-maintenance lifestyle without a large upfront investment. It’s particularly appealing for those who value location and a modern building over square footage, as its size is fairly average for the market. A thoughtful perspective is that its very high rankings for modernity contrast with its more modest rankings for size and assessed value. This suggests a property that trades sheer space for quality and efficiency within a desirable, established neighborhood. The lack of a basement or garage simplifies living and costs but requires a buyer comfortable with condensed storage and alternative parking.

Frequently Asked Questions

1. What do the rankings actually mean?
They show how this property compares to others in its immediate street, wider community, and all of Winnipeg. For example, ranking in the top 1% for build year on its street means it is newer than 99% of homes on Cathcart Street.

2. Why is the assessed value ranking lower than others?
The property ranks in the bottom 15-20% for assessed and last sold value in Winnipeg. This isn't necessarily negative; it primarily reflects the condo's more accessible price point compared to larger single-family homes. It indicates this is a competitively priced entry into a solid neighborhood.

3. Does "no basement" include in-suite storage?
The listing specifies no basement. Storage availability would be limited to the 1,099 sqft suite itself and possibly a designated locker or common area, which should be confirmed with the condo corporation.

4. The last sale was in 2018 for the same as the current assessment. What does that indicate?
It suggests the assessed value has remained stable, using that recent sale as a benchmark. Market conditions and unit upgrades since 2018 will be the key factors in determining its current market price.

5. Who is responsible for exterior maintenance and repairs?
As a condo, the corporation is typically responsible for the building exterior, common areas, and major structural elements. Owners pay a monthly fee for this, which covers these maintenance burdens and can be a major benefit for those seeking a hands-off property.