Property Overview: 101-500 Cathcart Street, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, second-floor condominium in Elmhurst, built in 1999. Its primary appeal lies in its exceptional competitive positioning within the broader market. The data indicates it ranks in the top tier for its size relative to nearly all other properties on its street, in the Elmhurst community, and across all of Winnipeg, suggesting a very efficient and desirable floor plan within its 1,086 sqft footprint.
The suite’s strongest advantage is its space efficiency, not raw square footage. It offers a practical layout that maximizes utility, making it feel larger than many comparable units. This is an ideal home for first-time buyers, downsizers, or investors seeking a low-maintenance property with a proven, modern layout in a stable neighborhood. Its 1999 build year means it benefits from modern construction standards while being past the initial settling period of newer builds. The appeal is grounded in value and livability rather than luxury features, suiting those who prioritize a smart, established home in a central location.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this unit compares to others. For example, ranking in the "top 0%" for size means that, relative to its square footage, its layout and room proportions are considered superior to virtually all other homes in its community and city, indicating a very well-designed floor plan.
2. Why is the assessed value ranking lower than the size ranking?
The assessed value is relatively low compared to similar-sized units, ranking in the 14th percentile for Winnipeg. This can often indicate a favourable property tax assessment, which is a financial positive for the owner, but it's important to understand current market value may differ.
3. Are there any major concerns with a 1999 build?
A 27-year-old building is typically past any initial construction defects. The focus for due diligence should be on the condominium corporation's reserve fund study, recent special assessments, and the overall maintenance history of the building's major systems (roof, windows, elevators, etc.).
4. Who is responsible for exterior and structural maintenance?
As a condominium, the corporation is responsible for the building exterior, structure, and common areas. The owner is responsible for everything within the unit's walls. Reviewing the condo bylaws and financials is essential to understand coverage and fees.
5. What is the neighborhood (Elmhurst) like?
Elmhurst is a mature, established neighborhood in Winnipeg. It typically offers a mix of residential housing, local amenities, and good connectivity. Prospective buyers should visit at different times to gauge traffic, noise, and community atmosphere personally.