Property score
62.0
Fair
Overall 62.0 · Smaller than most nearby homes
980 sqft (bottom 20%) · Built in 1974 (1 yr older than avg)
Located in a high-income area with median household income of ~91k
Transit 80.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 1 shop, and 2 parks nearby
Living Area
Below average
29% smaller than neighborhood avg.
Year Built
Near average
1 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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62.0 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
241 Cathcart Street — 3 amenities found within 500 m, across 2 categories, including 1 shopping (nearest 442 m), 2 parks (nearest 171 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%
241 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
This 1974-built, one-storey home on a large 5,047 sqft lot in Varsity View offers a practical, grounded opportunity. Its key appeal lies in a balance of space and manageability. The 980 sqft living area is modest but functional, paired with a finished basement that adds valuable flexible space. The property’s standout feature is its lot size, which is notably generous for the area and provides ample outdoor potential. A split garage adds practical storage or workshop space.
Its appeal is for the pragmatic buyer: a first-time homeowner, a downsizer seeking single-level living, or an investor looking for a solid, rentable property. The home suits those who value a quiet, established neighbourhood near university amenities, and who see potential in a property that is livable now but could be enhanced over time. A less obvious perspective is its positioning relative to the market; while it ranks in the lower tiers for size and age within its immediate area, it outperforms nearly half of all Winnipeg homes for value, suggesting it’s a competitively priced entry into a desirable community. It’s a home for someone comfortable with a property that has character and history, not pristine modernity.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this home to others on its street, in Varsity View, and across all Winnipeg. For example, being newer than 44% of houses on its street means it’s roughly in the middle—neither the oldest nor the newest. Its strongest ranking is for lot size, where it surpasses most peers.
2. Is the finished basement included in the 980 sqft living area?
No. The 980 sqft refers to the above-ground living space. The finished basement is additional square footage, increasing the home's usable space but not counted in the official living area figure.
3. What are the implications of the home's age (52 years)?
A home from 1974 will likely have had several updates, but core systems (like plumbing, electrical, roof) may be at or beyond their typical lifespan. A thorough inspection is advised to understand the condition and plan for potential future updates, which also presents an opportunity to customize.
4. How does the assessment value relate to the likely selling price?
The municipal assessment of $398,000 is for tax purposes and is a historical snapshot. The current market price can be higher or lower based on condition, updates, and market demand. It serves as a useful benchmark, not a sale price.
5. Who would this property not suit?
It may not suit buyers seeking a modern, turn-key home with no projects, or those needing extensive above-ground square footage immediately. The rankings indicate the interior space is compact relative to the neighbourhood, so it’s better for efficient living or those willing to utilize the basement space fully.
