312 Cathcart Street

Varsity View, Winnipeg

Property score

65.2

Good

Overall 65.2 · Compared with neighbourhood average

1,237 sqft (bottom 47%) · Built in 1970 (5 yrs older than avg)

Located in a above-average income area with median household income of ~77k

Transit 70.0 · 6-min walk to transit with 3 nearby routes · Within 500m: 2 parks, and 1 place of worship nearby

Living Area

Near average

11% smaller than neighborhood avg.

Taon ng Paggawa

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)

Sold Count

281

Median price

492k

$/sqft

$398/sqft

Avg build year

1975

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Property score

65.2 is composed by the two sections below.

Property Score

66.0Good
Living Area66
1,237 sqftGood
Taon ng Paggawa52
1970Fair
Lupa93
8,067 sqftExcellent
Neighbourhood Sales Activity42
Low

Community Score

63.9Fair
Household Income75
Good
Education Level34
Low
Housing Stress52
Fair
Core Housing Need76
Good
Employment Health68
Good

Istatistika ng benta ng komunidad

Varsity View

How to read: Share of sales in each ~$50k price band for “varsity view” (Detached na bahay (hindi 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: #46110349

Community deep dive

$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

Population, labour & age

Population (2021)426
Labour force participation rate69%
Median age38.8
Avg household size2.0
Unemployment rate9%
Population density2662 / km²

Households & income

Low income (LIM-AT, % pop.)6%
Single-person households41%
Couple families with children19%
Median household income (2020)$77K

Housing

Renter households35%
Condominium dwellings17%
Median dwelling value (owners)$348K

Diversity, education & language

Immigrants (share of pop.)17%
Visible minority14%
Bachelor's or higher (25–64)17%
Mother tongue (1st)English · 77%
Mother tongue (2nd)Tagalog · 3%

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

Mga ranggo

Living Area

karaniwan
1,237 sqft
0255075100
Same streetTop 44%Same areaBottom 47%CitywideTop 47%
Same street · Cathcart Street
#87 / 198
Top 44% · Avg 1,237 sqft
Same area · Varsity View
#446 / 848
Bottom 47% · Avg 1,387 sqft
Citywide · Winnipeg
#90,944 / 194,458
Top 47% · Avg 1,342 sqft

Assessed Value

karaniwan
426k
0255075100
Same streetTop 33%Same areaTop 44%CitywideTop 33%
Same street · Cathcart Street
#66 / 198
Top 33% · Avg 406.8k
Same area · Varsity View
#374 / 848
Top 44% · Avg 444.7k
Citywide · Winnipeg
#63,603 / 194,458
Top 33% · Avg 390.1k

Taon ng Paggawa

karaniwan
1970
0255075100
Same streetBottom 20%Same areaBottom 37%CitywideTop 48%

Lupa

lampas sa average
8,067 sqft
0255075100
Same streetTop 19%Same areaTop 36%CitywideTop 11%

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

Mga malapit na hinto, ruta at transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

312 Cathcart Street — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 158 m).

Search radius
🌳Parks2
Worship1

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%

Kasaysayan ng Benta

Naibenta 10/2020CA$400k–450k
Presyo ng benta

Parehong kalye

Top 33%

Parehong lugar

Top 40%

Buong lungsod

Top 31%

Related homes

Mga tampok at karaniwang tanong: 312 Cathcart Street, Winnipeg

Property Summary: 312 Cathcart Street, Varsity View, Winnipeg

Key Characteristics & Appeal

This is a well-established, single-storey home on a notably large lot in the Varsity View neighborhood. Built in 1970, its primary appeal lies in its generous, mature property (over 8,000 sqft), which offers significant outdoor space and potential in a central location. The home itself features a finished basement and a split garage. Market data suggests it is a competitively positioned property: its lot size and assessed value rank highly compared to most of Winnipeg, indicating its underlying land value is a major asset. However, its age and interior living space are more average for the local area.

It would particularly suit a buyer who values space and location over a modern build. The large lot is ideal for gardening, family play, or future expansion. The rankings show it outperforms most city homes on key metrics like lot size and value, yet is more modest within its own desirable community, presenting a potential value proposition. This could be a solid fit for a practical buyer looking to put down roots in a mature neighborhood, who sees the land as a long-term asset and is comfortable with a home that may require personal updates over time.

Frequently Asked Questions

1. How does the large lot size impact property value and costs?
While the lot significantly boosts the property's overall value and appeal, it also means higher property taxes relative to smaller lots and greater responsibility for maintenance (e.g., lawn care, landscaping).

2. The home ranks lower for its age in the area. What should I consider?
This indicates the immediate neighborhood may have a mix of older original homes and newer infill developments. It's important to have a thorough inspection to understand the condition of major 1970-era systems like plumbing, electrical, and the roof.

3. What does the "finished basement" include?
The listing notes a finished basement but does not specify the extent, quality, or if it includes legal egress windows. Clarifying the nature of this space and whether it adds legal living area is crucial.

4. The assessed value is higher than the 2020 sale price. Is this typical?
Yes, municipal assessments have risen across Winnipeg in recent years. The current assessment reflects the city's valuation for tax purposes, but the market sale price is determined by current buyer demand and property condition.

5. How does the split garage differ from an attached garage?
A split garage typically refers to a detached, two-car garage where the doors are separated by a wall section. This style is common for the era and offers good storage, but means you will be exposed to the elements when going between your car and the house.