226 Cathcart Street

Varsity View, Winnipeg

Property score

67.2

Good

Overall 67.2 · Smaller than most nearby homes

1,067 sqft (bottom 29%) · Built in 1971 (4 yrs older than avg)

Located in a high-income area with median household income of ~91k

Transit 62.0 · 2-min walk to transit with 1 nearby route · Within 500m: 1 healthcare facility, 1 shop, and 2 parks nearby

Living Area

Below average

23% smaller than neighborhood avg.

Year Built

Below average

4 yrs older than neighborhood avg.

Mother tongue

English · 80%French · 3%

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

Sold Count

281

Median price

492k

$/sqft

$398/sqft

Avg build year

1975

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Property score

67.2 is composed by the two sections below.

Property Score

57.6Fair
Living Area52
1,067 sqftFair
Year Built58
1971Fair
Lot Size85
6,727 sqftExcellent
Neighbourhood Sales Activity42
Low

Community Score

81.7Excellent
Household Income81
Excellent
Education Level72
Good
Housing Stress100
Excellent
Core Housing Need100
Excellent
Employment Health68
Good

Neighbourhood Sales

Varsity View

How to read: Share of sales in each ~$50k price band for “varsity view” (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: #46110348

Community deep dive

$91K

Median household income

$105K

Average household income

6%

Low income (LIM-AT)

0.2

Income inequality (Gini)

3.2

P90 / P10 ratio

26%

Single-person households

26%

Families with children

Population, labour & age

Population (2021)392
Labour force participation rate62%
Median age48.4
Avg household size2.3
Unemployment rate4%
Population density1866 / km²

Households & income

Low income (LIM-AT, % pop.)6%
Single-person households26%
Couple families with children26%
Median household income (2020)$91K

Housing

Renter households5%
Condominium dwellings0%
Median dwelling value (owners)$348K

Diversity, education & language

Immigrants (share of pop.)13%
Visible minority8%
Bachelor's or higher (25–64)37%
Mother tongue (1st)English · 79%
Mother tongue (2nd)French · 2%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
1,067 sqft
0255075100
Same streetBottom 31%Same areaBottom 29%CitywideBottom 35%
Same street · Cathcart Street
#137 / 198
Bottom 31% · Avg 1,237 sqft
Same area · Varsity View
#603 / 848
Bottom 29% · Avg 1,387 sqft
Citywide · Winnipeg
#125,744 / 194,458
Bottom 35% · Avg 1,342 sqft

Tax-Assessed Value

around average
373k
0255075100
Same streetBottom 28%Same areaBottom 36%CitywideTop 46%
Same street · Cathcart Street
#143 / 198
Bottom 28% · Avg 406.8k
Same area · Varsity View
#539 / 848
Bottom 36% · Avg 444.7k
Citywide · Winnipeg
#89,463 / 194,458
Top 46% · Avg 390.1k

Year Built

around average
1971
0255075100
Same streetBottom 29%Same areaBottom 39%CitywideTop 47%

Lot Size

above average
6,727 sqft
0255075100
Same streetBottom 38%Same areaBottom 44%CitywideTop 19%

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 Cathcart Street — 4 amenities found within 500 m, across 3 categories, including 1 healthcare (nearest 432 m), 1 shopping (nearest 371 m), 2 parks (nearest 239 m).

Search radius
🏥Healthcare1
🛒Shopping1
🌳Parks2

Crime & Safety

Varsity View · WPS public data · 2026

Annual incidents

6

2026

vs. city avg

-80%

relative to avg

Year-over-year

-93%

vs. prior year

Primary type

Property

83%

Sales History

226 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 Cathcart Street, Winnipeg

Property Overview: 226 Cathcart Street, Varsity View, Winnipeg

Key Characteristics & Appeal

This is a well-established, single-storey home on a large, 6,727 sqft lot in the sought-after Varsity View neighborhood. Built in 1971, the 1,067 sqft residence features a finished basement, offering additional living space. Its primary appeal lies in the combination of a substantial, mature property within a central academic and family-oriented community. The data indicates its overall value proposition is strong, ranking in the top 19% of all Winnipeg properties for lot size and the top 42% for assessed value, suggesting a solid asset in a desirable location.

It would particularly suit first-time buyers or downsizers looking for a manageable single-level layout with room to grow outdoors, or investors attracted by the lot's long-term potential in a stable area. A less obvious perspective is that while the home itself ranks average in size and age for its immediate area, its standout attribute is the land—a large parcel that is increasingly rare in mature core neighborhoods, offering privacy and future possibilities that newer subdivisions often cannot match.


Frequently Asked Questions

1. What is the significance of the provided rankings?
The rankings compare this property against others on its street, in Varsity View, and across all of Winnipeg for specific metrics. For example, being in the top 19% city-wide for lot size highlights the property's standout characteristic, while more average rankings for living area give a balanced view of the home's scale.

2. Is the basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers interested in rental income should investigate the current layout and licensing with the city to understand the possibilities and requirements.

3. What are the implications of a 1971 build year?
Homes from this era may have original components, like windows, roofing, or electrical systems, that could be nearing the end of their service life. A thorough inspection is advised to budget for potential updates, balanced against the character and established neighborhood that come with an older home.

4. There's no garage. What are the parking options?
The property has no garage, so parking is limited to the driveway and street. In a neighborhood near the university, prospective buyers should assess on-street parking availability during peak academic times to ensure it meets their needs.

5. Why is the assessed value different from the listing price?
The municipal assessed value ($373,000) is for taxation purposes and is based on mass appraisal techniques from a prior date. The listing price is set by the seller and reflects current market conditions, specific home features, and recent comparable sales. The two figures often differ.