232-500 Cathcart Street

Elmhurst, Winnipeg

Property score

67.5

Good

Overall 67.5 · Newer than most nearby homes

1,092 sqft (bottom 43%) · 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 Area1,092 sqft52Fair
Year Built200084Excellent
Neighbourhood Sales Activity37Low

Community Score

77.5Good
Household Income76Good
Education Level91Excellent
Housing Stress83Excellent
Core Housing Need88Excellent
Employment Health42Low

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
1,092 sqft
0255075100
Same streetBottom 35%Same areaBottom 43%CitywideTop 37%
Same street · Cathcart Street
#39 / 60
Bottom 35% · Avg 1,164 sqft
Same area · Elmhurst
#85 / 148
Bottom 43% · Avg 1,140 sqft
Citywide · Winnipeg
#9,997 / 26,841
Top 37% · Avg 1,042 sqft

Tax-Assessed Value

around average
220k
0255075100
Same streetBottom 22%Same areaBottom 28%CitywideBottom 46%
Same street · Cathcart Street
#47 / 60
Bottom 22% · Avg 238.6k
Same area · Elmhurst
#106 / 148
Bottom 28% · Avg 274.4k
Citywide · Winnipeg
#14,468 / 26,841
Bottom 46% · 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

232-500 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 7/2020CA$200k–250k
Sold price

Same street

Bottom 6%

Same area

Bottom 12%

City-wide

Bottom 37%

Related homes

Highlights & common questions: 232-500 Cathcart Street, Winnipeg

Property Overview: 232-500 Cathcart Street, Winnipeg

Key Characteristics & Appeal

This is a well-maintained, modern condo unit in Elmhurst, built in 2000. With 1,092 sqft of living space, it offers a practical layout for comfortable 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 for size and is newer than 99% of its street neighbors. This suggests a unit that is both relatively spacious and contemporary compared to most options in the direct vicinity.

Its appeal lies in offering modern convenience and a strong value proposition within a specific location. The 2020 sale price of $200,000, below the current $220,000 assessed value, provides a recent market benchmark. It suits a pragmatic buyer—perhaps a first-time homeowner, a downsizer, or an investor—who prioritizes a move-in-ready, modern property in Winnipeg without the maintenance demands of a house. The less obvious perspective is that while its rankings are stellar on its street and in Elmhurst, its city-wide rankings for size and assessed value are more moderate. This indicates a property that is a top-tier option within its local micro-market, which can be a smart strategic purchase, but may not represent the same standout metrics compared to the entire city.


Frequently Asked Questions

1. What do the ranking percentages actually mean?
They show how this property compares to others in three geographic circles. For example, being newer than 99% of homes on its street means it’s one of the most modern buildings in the immediate area, which can be a significant advantage for maintenance and systems.

2. Why is the assessed value higher than the last sale price?
The 2020 sale provides a concrete historical data point. The current assessed value of $220,000 reflects the municipal assessment for taxation purposes, which may incorporate broader market trends and adjustments since the last sale. It’s a useful data point but not a guaranteed selling price.

3. Who would this property not suit?
It may not suit buyers seeking a large yard, a garage, or a brand-new build. Its city-wide rankings indicate that while it’s a leading option locally, buyers whose search area is the entire Winnipeg may find properties with larger square footage or lower assessed values in other neighborhoods.

4. How significant is the lack of a basement?
This means all living and storage space is on the main levels. It simplifies maintenance (no basement moisture concerns) but requires thoughtful organization for storage. It’s a trade-off that appeals to those seeking a low-maintenance lifestyle.

5. What is the significance of the “超越100%” community ranking?
Ranking above 100% of homes in Elmhurst for size likely means it is the largest or tied for the largest unit in the community dataset. This is a strong indicator of superior interior space within this specific neighborhood context.

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