720 Cathcart Street

Elmhurst, Winnipeg

Property score

74.4

Good

Overall 74.4 · Compared with neighbourhood average

1,285 sqft (bottom 36%) · Built in 1978 (2 yrs older than avg)

Located in a high-income area with median household income of ~126k

Transit 50.0 · 4-min walk to transit with 1 nearby route · Within 500m: 1 school, and 1 park nearby

Living Area

Below average

16% smaller than neighborhood avg.

Year Built

Below average

2 yrs older than neighborhood avg.

Mother tongue

English · 85%Chinese · 1%

Past 10 years Elmhurst sales snapshot (~80% of all data)

Sold Count

438

Median price

477k

$/sqft

$391/sqft

Avg build year

1980

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Property score

74.4 is composed by the two sections below.

Property Score

68.0Good
Living Area66
1,285 sqftGood
Year Built67
1978Good
Lot Size88
7,408 sqftExcellent
Neighbourhood Sales Activity37
Low

Community Score

84.1Excellent
Household Income91
Excellent
Education Level63
Fair
Housing Stress100
Excellent
Core Housing Need100
Excellent
Employment Health60
Fair

Neighbourhood Sales

Elmhurst

How to read: Share of sales in each ~$50k price band for “elmhurst” (Detached houses (non-condo), 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: #46110360

Community deep dive

$126K

Median household income

$128K

Average household income

2%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.6

P90 / P10 ratio

20%

Single-person households

36%

Families with children

Population, labour & age

Population (2021)386
Labour force participation rate60%
Median age46.4
Avg household size2.6
Unemployment rate7%
Population density2412 / km²

Households & income

Low income (LIM-AT, % pop.)2%
Single-person households20%
Couple families with children36%
Median household income (2020)$126K

Housing

Renter households0%
Condominium dwellings0%
Median dwelling value (owners)$408K

Diversity, education & language

Immigrants (share of pop.)7%
Visible minority7%
Bachelor's or higher (25–64)32%
Mother tongue (1st)English · 84%
Mother tongue (2nd)Chinese · 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
1,285 sqft
0255075100
Same streetTop 36%Same areaBottom 36%CitywideTop 43%
Same street · Cathcart Street
#71 / 198
Top 36% · Avg 1,237 sqft
Same area · Elmhurst
#949 / 1,480
Bottom 36% · Avg 1,523 sqft
Citywide · Winnipeg
#82,902 / 194,458
Top 43% · Avg 1,342 sqft

Tax-Assessed Value

above average
467k
0255075100
Same streetTop 11%Same areaTop 42%CitywideTop 25%
Same street · Cathcart Street
#21 / 198
Top 11% · Avg 406.8k
Same area · Elmhurst
#626 / 1,480
Top 42% · Avg 460.2k
Citywide · Winnipeg
#49,403 / 194,458
Top 25% · Avg 390.1k

Year Built

above average
1978
0255075100
Same streetTop 22%Same areaBottom 39%CitywideTop 35%

Lot Size

above average
7,408 sqft
0255075100
Same streetTop 30%Same areaTop 34%CitywideTop 14%

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

720 Cathcart Street — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 95 m), 1 parks (nearest 204 m).

Search radius
🏫Education1
🌳Parks1

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 10/2024CA$500k–550k
Sold price

Same street

Top 12%

Same area

Top 22%

City-wide

Top 14%

Related homes

Highlights & common questions: 720 Cathcart Street, Winnipeg

Property Overview

This 1978-built, one-storey home on a large 7,408 sqft lot in Elmhurst presents a solid, move-in-ready opportunity. Its key appeal lies in a combination of above-average space and established value. With 1,285 sqft of living space and a finished basement, it offers practical single-level living. The property stands out for its lot size, ranking in the top 30% on its street, providing ample outdoor space uncommon in many newer subdivisions. Recent market activity confirms its desirability; a sale in October 2024 at $522,000 significantly surpassed the assessed value and outperformed the vast majority of comparable sales in Winnipeg. This suggests a home that is well-maintained and in demand.

The home suits first-time buyers or downsizers looking for a manageable layout without sacrificing yard space. It also appeals to the value-conscious buyer who prioritizes a proven, stable investment in a mature neighbourhood over a brand-new build. The strong rankings in both lot size and recent sale price indicate a property that holds inherent, tangible assets (land) and has demonstrated its market worth.


Frequently Asked Questions

1. How does the recent sale price compare to the assessment?
The home sold for $522,000 in October 2024, which is approximately $55,000 above its current assessed value of $467,000. This indicates strong buyer demand and a market valuation that exceeded the city's assessment for taxation purposes.

2. What does the "ranking" data actually mean?
The rankings show how this property compares to others in its immediate area. For example, its lot size is larger than 70% of homes on its street, and its final sale price was higher than 98% of recent street sales. These figures highlight its competitive strengths in specific, measurable categories.

3. Is the basement included in the 1,285 sqft living area?
No. The 1,285 sqft refers to the above-grade living space. The home also has a separate, finished basement, which adds significant additional functional space to the property.

4. What are the implications of the home being built in 1978?
As a 48-year-old home, buyers should anticipate maintenance and updates consistent with its age. However, the data shows it outperforms 61% of Winnipeg homes in sale price, suggesting it has been kept in good condition or has desirable features that offset its age.

5. Why might the lot size be a significant advantage?
The large lot (over 7,400 sqft) offers rare potential for expansion, gardening, outdoor recreation, or future additions like a shed or deck. In mature neighbourhoods, this amount of private outdoor space is increasingly valuable and difficult to find, contributing to long-term value.