Property score
69.7
Good
Overall 69.7 · Compared with neighbourhood average
1,198 sqft (bottom 44%) · Built in 1969 (6 yrs older than avg)
Located in a high-income area with median household income of ~91k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 1 healthcare facility, 1 shop, and 2 parks nearby
Living Area
Near average
14% smaller than neighborhood avg.
Year Built
Below average
6 yrs older than neighborhood avg.
Mother tongue
English · 80%French · 3%
Past 10 years Varsity View sales snapshot (~80% of all data)
281
492k
$398/sqft
1975
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69.7 is composed by the two sections below.
Property Score
Community Score
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.
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: #46110348
$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
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
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
240 Cathcart Street — 4 amenities found within 500 m, across 3 categories, including 1 healthcare (nearest 459 m), 1 shopping (nearest 403 m), 2 parks (nearest 190 m).
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%
240 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.
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This is a well-established, single-storey home in Winnipeg's Varsity View neighbourhood, built in 1969. Its primary appeal lies in its generous 7,211 sqft lot—a significant and increasingly rare asset in a central area—combined with a practical layout that includes a finished basement and an attached garage. The property presents a solid foundation in a sought-after location.
The home suits two main types of buyers: those looking for a manageable, single-level living space who value a large, private yard for gardening or recreation; and visionaries or builders who see the underlying value in the substantial lot itself, ideal for future expansion or redevelopment. While the house itself is of average size for the area, its high assessment value ranking suggests it is viewed as a premium property within its context, likely due to this lot potential and location. It’s a property that balances livability now with clear long-term equity potential.
Frequently Asked Questions
1. What is the neighbourhood like?
Varsity View is a mature, central neighbourhood known for its tree-lined streets, proximity to the University of Manitoba, and a mix of classic and modern homes. It offers a quiet, established community feel with convenient access to amenities.
2. Is the basement a legal suite?
The listing notes the basement is finished but does not specify it as a legal secondary suite. Buyers should verify its current compliance with local regulations if considering rental income.
3. How does the lot size compare to others?
At over 7,200 sqft, the lot is a standout feature. It ranks highly within the city, meaning it is larger than most Winnipeg properties and offers more space and privacy than typical newer lots.
4. The house was built in 1969. What should I expect?
While offering good structural bones and layout, a home of this age will likely have original or older major systems (like plumbing, electrical, roof). A thorough inspection is essential to understand the condition and plan for any updates.
5. Why is the assessment value ranking higher than the size/age rankings?
This indicates the city assessor attributes significant value to the property, likely due to the combined factors of its large lot size, desirable location, and the finished living space, outweighing the fact the house itself is not new or exceptionally large.
