Property Summary: 121-500 Cathcart Street, Winnipeg
Key Characteristics & Appeal
This condominium at 121-500 Cathcart Street in Elmhurst presents a compelling, low-maintenance living option. Its primary appeal lies in its modern building age (constructed in 2000) and its exceptional competitive standing within its immediate area. The data indicates it ranks in the top 1% of homes on its street and top 3% within the Elmhurst community for the desirability of its build year. With 1,086 square feet of living space, it offers a practical footprint suitable for individuals, couples, or small families seeking a spacious feel without the upkeep of a house.
A more nuanced perspective is its position as a value-conscious entry into a well-established neighborhood. While its assessed value is modest relative to the broader Winnipeg market, its strong rankings for age and location within its micro-community suggest it may represent a "hidden gem" – a well-situated, contemporary property without a premium price tag. This unit would ideally suit first-time buyers, downsizers looking to simplify, or pragmatic investors seeking a property with strong fundamental metrics (like building age) in a mature area. The absence of a basement or garage underscores its turn-key, minimalist lifestyle appeal.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this specific unit against other homes on its street, in the Elmhurst community, and across all of Winnipeg for key metrics. For example, being newer than 99% of homes on its street highlights its modern construction in an older area, which is a significant advantage.
2. Is there any outdoor space or parking?
The listing indicates no private garage. Prospective buyers should inquire with the condominium corporation about dedicated parking arrangements (e.g., surface lot or underground spot) and whether the unit includes a balcony or has access to any shared common outdoor areas.
3. Why is the assessed value ranking lower than the other rankings?
The relatively lower ranking for assessed value (which influences property tax) suggests this unit may be priced more accessibly than many in the city. This can be attractive, but it's wise to understand if this reflects the condominium's specific features, the building's financial health, or typical valuations for similar units in the area.
4. What are the monthly condominium fees, and what do they include?
This is a critical question. The fees impact overall affordability and cover shared expenses. You will need to ask for a detailed breakdown covering building insurance, reserve fund contributions, landscaping, snow removal, and any amenities.
5. How does the lack of a basement affect storage?
With no basement, in-unit storage will be limited to closets and possibly a storage locker. It’s important to assess the on-site storage solutions provided by the condominium corporation and whether they meet your needs.