130-500 Cathcart Street

Property Summary: 130-500 Cathcart Street, Winnipeg

Key Characteristics & Appeal

This is a well-maintained, modern condo unit in the Elmhurst neighbourhood, built in 2000. Its primary appeal lies in its exceptional relative standing within its immediate community. The data shows it ranks in the top tier for its street and neighbourhood in terms of size and age, meaning it is newer and more spacious than most comparable units nearby. This suggests a well-regarded building in a desirable location.

The unit is suited for buyers seeking a low-maintenance lifestyle without sacrificing a sense of space and modernity. It’s ideal for first-time buyers, downsizers, or investors looking for a property with proven stability in a competitive setting. A thoughtful perspective is that while its city-wide rankings for size and value are moderate, its dominance within its micro-market (street and neighbourhood) indicates a specific, localized appeal that may not be captured by broader metrics. This can represent a smart purchase in an established, in-demand pocket of the community.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this specific unit against all other houses on its street, in Elmhurst, and across all of Winnipeg. For example, being newer than 99% of homes on its street highlights the building's modern condition relative to its direct surroundings.

2. Is the price likely to be near the assessed value?
The 2020 sale price was very close to the current assessed value, suggesting a stable market price. However, broader market conditions will always be the final determinant.

3. Who is responsible for exterior maintenance and major repairs?
As a condo, the corporation is responsible for the building exterior, common areas, and major structural elements. This is key for budgeting a predictable monthly fee versus unexpected repair costs.

4. What are the condo fees, and what do they cover?
This information is not provided in the public data. A crucial next step is to review the condo corporation's financial statements and fee breakdown to understand monthly costs and reserve fund health.

5. Why are the city-wide rankings for size and value lower than the local rankings?
This unit excels in its immediate context—a newer, larger condo among older housing stock. City-wide rankings include all detached homes, which are typically larger and more valuable, so this difference is expected and underscores the property's niche appeal.