226-500 Cathcart Street

Elmhurst, Winnipeg

Property score

76.5

Good

Overall 76.5 · Larger and newer than most nearby homes

1,456 sqft (top 2%) · 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

Above average

28% 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

76.5 is composed by the two sections below.

Property Score

75.8Good
Living Area75
1,456 sqftGood
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

Elite
1,456 sqft
0255075100
Same streetTop 2%Same areaTop 2%CitywideTop 10%
Same street · Cathcart Street
#1 / 60
Top 2% · Avg 1,164 sqft
Same area · Elmhurst
#3 / 148
Top 2% · Avg 1,140 sqft
Citywide · Winnipeg
#2,794 / 26,841
Top 10% · Avg 1,042 sqft

Tax-Assessed Value

Elite
285k
0255075100
Same streetTop 2%Same areaTop 22%CitywideTop 33%
Same street · Cathcart Street
#1 / 60
Top 2% · Avg 238.6k
Same area · Elmhurst
#32 / 148
Top 22% · Avg 274.4k
Citywide · Winnipeg
#8,880 / 26,841
Top 33% · 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

226-500 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

226-500 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: 226-500 Cathcart Street, Winnipeg

Property Overview: 226-500 Cathcart Street, Winnipeg

Key Characteristics & Appeal

This condominium at 226-500 Cathcart Street in Elmhurst presents a compelling option for buyers seeking a modern, low-maintenance lifestyle. Built in the year 2000, its key characteristic is its relative newness compared to much of Winnipeg's housing stock, placing it in the top 20% of homes city-wide by age. The 1,456 sqft living space is spacious for a condo, offering more room than 70% of Winnipeg properties. Its standout appeal lies in its exceptional competitive positioning within its immediate area: it ranks in the top 1% of homes on its street for size and age, and is in the top 3% of its neighborhood for being a newer build. This suggests a well-regarded and established building in a desirable location.

The property suits first-time buyers or downsizers who prioritize a modern building envelope and systems without the upkeep of a detached home. It’s also a practical fit for those who value space but not yard work, as it offers above-average square footage without a private garage or basement. A thoughtful perspective is that its mid-range assessment value, lower than many peers on the street, could indicate a more accessible entry point into a high-ranking location, or reflect the specific financials of the condo corporation. The appeal is in the balance: you get a newer, spacious home in a top-tier micro-location, with the trade-off being shared ownership and common element fees.

Frequently Asked Questions

1. What do the ranking percentages actually mean?
They show how this unit compares to others in specific geographic areas. For example, ranking in the "top 1%" on its street for size means 99% of homes on Cathcart Street are smaller. It's a measure of relative standing, not an absolute score.

2. The assessment value seems low relative to the high rankings. Why?
Condo assessments are influenced by factors that single-family homes are not, primarily the condo corporation's financial health and reserve fund, and the unit's share of common expenses. A lower assessment can sometimes reflect higher condo fees or planned major expenditures, but it can also simply mean a more affordable tax base for a well-positioned property.

3. Is "no basement" a significant drawback?
That depends on your storage needs and lifestyle. The unit has above-average living area, which may offset the lack of basement storage for many. It eliminates risks of basement flooding or renovation costs but requires thoughtful planning for seasonal items.

4. Who would benefit most from this property's location rankings?
Buyers who prioritize the immediate character and stability of a specific street and neighborhood over city-wide trends. The data suggests this block and community are consistently desirable, which can be a buffer against market fluctuations.

5. What should I investigate next, given this data?
The condo corporation's status certificate is the critical next step. It will detail the reserve fund, monthly fees, rules, and any pending special assessments. This document explains the financial and practical realities behind the unit's assessment and rankings.