724 Cathcart Street

Elmhurst, Winnipeg

Property score

74.4

Good

Overall 74.4 · Smaller than most nearby homes

1,211 sqft (bottom 30%) · 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

21% 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 Area1,211 sqft66Good
Year Built197867Good
Lot Size7,408 sqft88Excellent
Neighbourhood Sales Activity37Low

Community Score

84.1Excellent
Household Income91Excellent
Education Level63Fair
Housing Stress100Excellent
Core Housing Need100Excellent
Employment Health60Fair

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
1,211 sqft
0255075100
Same streetTop 47%Same areaBottom 30%CitywideTop 49%
Same street · Cathcart Street
#93 / 198
Top 47% · Avg 1,237 sqft
Same area · Elmhurst
#1,030 / 1,480
Bottom 30% · Avg 1,523 sqft
Citywide · Winnipeg
#95,492 / 194,458
Top 49% · Avg 1,342 sqft

Tax-Assessed Value

above average
439k
0255075100
Same streetTop 22%Same areaBottom 46%CitywideTop 30%
Same street · Cathcart Street
#44 / 198
Top 22% · Avg 406.8k
Same area · Elmhurst
#799 / 1,480
Bottom 46% · Avg 460.2k
Citywide · Winnipeg
#58,910 / 194,458
Top 30% · 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

724 Cathcart Street — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 106 m), 1 parks (nearest 218 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 8/2024CA$400k–450k
Sold price

Same street

Top 27%

Same area

Top 46%

City-wide

Top 30%

Related homes

Highlights & common questions: 724 Cathcart Street, Winnipeg

Property Overview: 724 Cathcart Street

Key Characteristics & Appeal

This 1978 one-storey home in Elmhurst sits on a large, mature lot of over 7,400 square feet, offering a sense of space and privacy that is increasingly rare. With 1,211 square feet of living space, a finished basement, and an attached garage, it provides practical, single-level living. Its appeal lies in its established neighborhood setting and strong value fundamentals. The property ranks highly for its lot size and assessed value within Winnipeg, indicating a solid investment in a desirable location. It recently sold close to its assessment, suggesting a stable market perception.

This home would suit first-time buyers looking for a move-in-ready property with room to grow outdoors, or downsizers seeking the convenience of a bungalow without sacrificing yard space. It’s a pragmatic choice for those who value neighborhood character over brand-new construction, and who see the long-term value in a large lot. The rankings suggest it offers more space and value for the money than many comparable city properties, appealing to the cost-conscious buyer who doesn’t want to compromise on land.


Frequently Asked Questions

1. How does the lot size compare to typical homes?
At 7,408 sqft, the lot is significantly larger than average, ranking in the top 14% across Winnipeg. This is one of the property's standout features.

2. Is the basement developed, and what is it like?
Yes, the basement is finished. The listing does not specify the rooms or finish quality, so this would be a key area to inspect in person to understand its current condition and layout.

3. The home was built in 1978. What should I be aware of?
While the rankings show it is newer than many Winnipeg homes, a property of this age will likely have had some updates. A thorough inspection is recommended to assess the condition of major systems like roof, windows, plumbing, and electrical.

4. How does the recent sale price relate to the assessed value?
The home sold for $415,000 in August 2024, which is slightly below its current assessed value of $439,000. This close alignment suggests the sale was in line with market and municipal valuation at that time.

5. What do the neighborhood rankings indicate?
The rankings show the property performs very well on lot size and value within its immediate area. For other metrics like living space and age, it falls more in the middle of the pack for Elmhurst, indicating it's a fairly typical, well-sized home for this established community.

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