Property score
70.6
Good
Overall 70.6 · Newer than most nearby homes
1,115 sqft (top 49%) · 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% 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)
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
224-500 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 | Bottom 28% | Bottom 27% | Bottom 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This condominium at 224-500 Cathcart Street in Winnipeg's Elmhurst neighborhood presents a practical and competitively positioned urban living option. Built in 2000, its primary appeal lies in exceptional value and relative modernity within its context. The 1,115 sqft unit ranks in the top 1% of its immediate street and top 3% of the broader Elmhurst community for the newness of its construction, meaning it is notably younger than most surrounding properties. This is a key differentiator for buyers seeking a building without the maintenance concerns of much older infrastructure.
Its strongest suit is financial accessibility. With an assessed value and a recent 2019 sale price both around $223,000-$224,000, it ranks in the top 16% of all Winnipeg properties for affordability. This positions it as a standout entry point into the market, particularly for first-time buyers or investors seeking a cost-effective holding. The suite’s size is average for the city but offers more space than many newer, denser condo developments. The lack of a basement or garage simplifies ownership, focusing on the unit itself.
The property would best suit a value-conscious buyer whose priority is getting into a well-located, relatively modern building without a premium price tag. It’s ideal for those who prioritize financial efficiency over premium amenities (like a pool or private garage). An investor might see potential in the strong affordability metrics for rental purposes, while a downsizer could appreciate the manageable space and the building's rank as newer than most in a mature community.
Frequently Asked Questions
1. What do the "rankings" actually mean?
They show how this property compares to others in its immediate street, community (Elmhurst), and all of Winnipeg for specific metrics. For example, being newer than 99% of homes on its street is a significant advantage, while its price being lower than 84% of Winnipeg homes highlights its affordability.
2. Why is the assessed value so close to the 2019 sale price?
This suggests the property assessment aligns closely with its recent market transaction, indicating stability and a clear, undisputed valuation over the past several years. It provides a solid benchmark for current value.
3. Is "no basement or garage" a major drawback?
It depends on your lifestyle. This means lower maintenance responsibility and likely lower condo fees associated with maintaining those structures. It suits buyers who don't require storage for vehicles or extensive belongings, or who prefer a simpler lock-and-leave lifestyle.
4. The home is "newer" than most nearby, but what about the building's condition?
Built in 2000, the structure is now 24 years old. While ranked as newer than its neighbors, a prospective buyer should still investigate the condo corporation's reserve fund study and minutes to understand the building's maintenance health and any upcoming special assessments.
5. Who is responsible for exterior maintenance and repairs?
As a condominium, the corporation is responsible for the building exterior, common areas, and major structural elements. Owners pay monthly fees to cover these costs, which provides budget predictability for major repairs compared to a standalone house.
