Property score
50.6
Fair
Overall 50.6 · Smaller than most nearby homes
864 sqft (bottom 10%) · Built in 1970 (5 yrs older than avg)
Located in a above-average income area with median household income of ~77k
Transit 80.0 · 5-min walk to transit with 3 nearby routes · Within 500m: 2 parks nearby
Living Area
Below average
38% smaller than neighborhood avg.
Year Built
Below average
5 yrs older than neighborhood avg.
Mother tongue
English · 78%Tagalog · 4%
Past 10 years Varsity View sales snapshot (~80% of all data)
281
492k
$398/sqft
1975
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50.6 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: #46110349
$77K
Median household income
$79K
Average household income
6%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.4
P90 / P10 ratio
41%
Single-person households
19%
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
282 Cathcart Street — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 110 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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 12% | Bottom 27% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 282 Cathcart Street, Varsity View, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic, single-storey home built in 1970, situated on a notably large, 5,380 sqft lot in the established Varsity View neighbourhood. With 864 sqft of living space, an unfinished basement, and no garage, it presents a straightforward, no-frills footprint. Its primary appeal lies in its generous land parcel—a significant asset in a mature inner-city area—offering ample space for gardening, expansion, or future development. The 2021 sale price of $265,000 and a current assessed value of $297,000 suggest a property positioned for value-conscious buyers.
This home would best suit a first-time buyer, an investor, or a downsizer looking for an entry point into a well-located community without a premium price tag. It’s a practical canvas: the unfinished basement and the large yard provide clear opportunities for customization and adding value over time. A less obvious perspective is its potential as a long-term hold; the lot size alone offers a hedge against inflation and future densification trends in the city, making it more than just the sum of its current living space.
Section 2: Frequently Asked Questions
1. What is the neighbourhood like?
Varsity View is a quiet, established residential area near the University of Manitoba. It offers a mature streetscape with a mix of original and updated homes, providing a stable community feel with convenient access to academic and recreational amenities.
2. What are the implications of an unfinished basement?
The basement provides essential utility space and significant storage but requires investment to be finished as living area. This is a key opportunity for a buyer to customize the space to their needs, but it also means immediate living space is limited to the main floor's 864 sqft.
3. How does the large lot size benefit me?
Beyond generous outdoor space, the 5,380 sqft lot is a standout feature. It offers rare potential for additions like a garage, a large deck, or landscaping projects that wouldn't be possible on a standard city lot. It also contributes significantly to the property's underlying value.
4. The home ranks low in size compared to others. Is it too small?
The rankings confirm this is a compact home relative to many others in Winnipeg. This makes it efficient and manageable, ideal for those seeking lower utility costs and minimal upkeep. The trade-off for the smaller interior is the unusually large outdoor space.
5. What does the price history and assessment indicate?
The 2021 sale at $265,000 and the current $297,000 assessment show a trajectory of increasing value. This can indicate a strengthening market for well-located lots and suggests the property has held its value well in recent years.
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