Property Overview: 210-500 Cathcart Street, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, second-floor condominium in the Elmhurst area, built in 1999. With 1,099 square feet of living space, it offers a comfortable layout for a smaller household. The property's standout feature is its exceptional competitive ranking within its immediate surroundings. It ranks in the top 1% of homes on its street, the top 0% in its neighborhood, and the top 0% city-wide for its overall property size and footprint. While its assessed value is modest relative to the area, this presents a compelling entry point into a highly desirable location.
Its appeal lies in offering a stable, low-maintenance lifestyle in a mature community without the responsibilities of yard work or exterior upkeep. The building's age suggests established infrastructure and settled strata fees. It would perfectly suit first-time buyers, downsizers, or investors seeking a reliable rental property in a consistently ranked location. A thoughtful perspective is that this unit offers "location equity"—the benefit of being among the best-situated properties in the area—without the premium price tag of a newly built or fully renovated unit, making it a pragmatic and strategic choice.
Frequently Asked Questions
1. What does the ranking (e.g., "top 0%") actually mean?
The rankings compare this specific property against all others on its street, in Elmhurst, and across Winnipeg based on key metrics like total property size. Being in the top 0-1% means it is physically larger or more substantial than nearly every other property it's compared to, which often correlates with perceived value and stability.
2. Are there any monthly condo fees, and what do they cover?
This information is not provided in the basic details. A crucial next step is to request the condominium's financial statements and bylaws to understand the monthly fee amount, what utilities or services (like water, building insurance, common area maintenance) it includes, and the health of the reserve fund.
3. Why is the assessed value ranking lower than the size ranking?
The assessed value is for municipal tax purposes and reflects factors like interior finishes, updates, and market conditions. The high size ranking but lower value ranking suggests you may be paying for an excellent location and building share, while the unit itself might benefit from modernization, which can be a value-adding opportunity.
4. Is this a pet-friendly building?
Pet policies are determined by the condominium corporation's rules. You must review the building's bylaws to confirm if pets are allowed and if there are any restrictions on type, size, or number.
5. What is the parking situation?
The listing indicates no private garage. There is likely designated surface parking or a lot, but the specifics (e.g., number of stalls, visitor parking, potential for additional storage) must be verified with the property manager or seller.