70.6
Good
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
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
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
228-500 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 19% | Bottom 21% | Bottom 43% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 228-500 Cathcart Street, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, modern condo unit in Elmhurst, built in 2000. With 1,115 sqft of living space, it offers a practical layout for comfortable living. The property's standout appeal lies in its exceptional competitive positioning within its immediate surroundings. It ranks in the top 1% of homes on its street for size and age, and is newer than 97% of homes in the broader Elmhurst community. This suggests a unit that is both contemporary and spacious compared to most of its neighbors.
The property would suit first-time buyers or downsizers seeking a low-maintenance lifestyle without a garage or basement. It’s also a compelling option for value-focused investors or owner-occupants who prioritize a modern building envelope (reducing near-term repair risks) and statistical outperformance within a specific locale over flashy amenities. The high rankings for size and age on its street hint at a sense of relative space and modernity that isn't always apparent in the raw square footage alone.
Frequently Asked Questions
Q: What do the ranking percentages actually mean for a buyer?
A: They show how this property compares to others in specific areas. For example, ranking in the top 1% for size on its street means it's larger than 99% of the homes on Cathcart Street. This is a strong indicator of relative value and appeal in its most direct comparable market.
Q: The assessed value is $235,000, but it sold for $215,000 in 2020. What does this indicate?
A: The 2020 sale price provides a solid, recent market benchmark. The current assessed value, which is higher, may reflect broader market appreciation or municipal assessment methods. It’s a starting point for understanding value, but the next sale price will be determined by current market conditions.
Q: Are there any concerns with a property that has no garage or basement?
A: This depends on lifestyle. It means lower maintenance and no basement moisture concerns, but it also requires creative storage solutions. For a car, you would rely on street or surface parking. The trade-off is a truly lock-and-leave simplicity.
Q: How significant is the "top 0%" community ranking for the property?
A: Ranking higher than 100% of homes in Elmhurst for a specific metric is a very strong data point. It suggests this is among the absolute largest units in the entire community, which is a rare find and a key differentiator that likely contributes to its appeal and potential resilience in value.
Q: The building is 26 years old. What should I be aware of?
A: A 2000 build is modern by Winnipeg standards, meaning major systems like roofing, windows, and plumbing are likely from a recent era. However, it is now at an age where some components may need evaluation or updating. A review of the condo reserve fund study and minutes is essential to understand the financial planning for upcoming maintenance.
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