Property Overview: 122-500 Cathcart Street, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, 1,115 sqft condo built in 2000, located in the Elmhurst neighbourhood. Its primary appeal lies in its exceptional competitive standing within its immediate area. The property ranks in the top 1% of its street and top 3% of its community for building age, indicating it is among the newest and most modern homes in those circles. This suggests lower immediate maintenance concerns relative to older stock. The appeal is one of modern convenience and positional strength rather than sheer size or luxury.
The unit would likely suit first-time buyers, downsizers, or investors seeking a modern, low-maintenance property in a stable Winnipeg neighbourhood. It’s particularly suited for those who value a home that is newer than most in its vicinity, offering a practical living space without the responsibilities of a yard, garage, or basement. The very high rankings for its street and community hint at a desirable micro-location that may offer quiet, established surroundings. A thoughtful perspective is that this property represents a "best-in-class" option for its specific, hyper-local area, which can be a smarter value proposition than a comparable unit in a more broadly prestigious but less competitive district.
Frequently Asked Questions
1. What do the ranking percentages actually mean?
They show how this property compares to others in a specific geographic area. For example, ranking in the "top 1%" for its street in age means it is newer than 99% of other homes on Cathcart Street, indicating a relatively modern building in that context.
2. Why is the assessed value ranking lower than others?
The assessment ranks in the lower tiers for its area (e.g., top 97% on its street). This typically means the property has a lower municipal assessed value than most neighbours. This can be a positive for property tax costs, but it's important to understand current market value may differ.
3. Is there any outdoor space or parking?
The listing indicates no garage. Details on dedicated parking, a driveway, or a private balcony/patio are not specified in this summary and would require direct verification.
4. What are the condo fees and what do they cover?
This critical information is not included in the provided data. Prospective buyers must obtain the full financial details of the condo corporation, including monthly fees and what amenities or services (like building insurance, landscaping, exterior maintenance) they cover.
5. The "land area" is listed as "—". What does that mean?
This is a condominium. You are purchasing the unit and a share of the common elements; you do not own a separate parcel of land. Therefore, a traditional land area measurement does not apply.