Property Overview: 600 Cathedral Avenue, Winnipeg
Key Characteristics & Appeal
This two-storey home on Cathedral Avenue in the Inkster-Faraday neighbourhood presents a compelling blend of space, value, and location. Its primary appeal lies in its significant size, offering 2,160 sqft of living area, which ranks in the top 6% for the street and an elite top 1% within the neighbourhood itself. This makes it a notably spacious option compared to most local homes. The property benefits from a renovated basement and a detached garage, sitting on a well-sized 5,042 sqft lot.
The home’s assessed value positions it as an elite property within its immediate area, suggesting strong intrinsic value for the neighbourhood. Built in 1961, it is a more modern structure compared to many heritage homes in the community, potentially offering a balance of character and more contemporary building standards.
This property would best suit buyers prioritizing interior square footage and value within a established neighbourhood. It’s ideal for a growing family needing ample room, or for an owner who values having a home that stands out in size locally without a premium city-wide price tag. The renovated basement adds functional flexibility for recreation, a home office, or extended family.
Frequently Asked Questions
1. How does the home’s value compare to the wider Winnipeg market?
While the assessed value is in the elite tier for its street and neighbourhood, it ranks around the city-wide average. This indicates you are purchasing significant space and standing in a local context, without necessarily paying a city-wide premium.
2. Is the 1961 build year a concern?
At 65 years old, the home is newer than many in Inkster-Faraday, where comparable homes average a 1930 build year. This is a relative advantage, but a thorough inspection is still essential to understand the condition of major systems like plumbing, electrical, and the roof.
3. What does the sold price history indicate?
Public data shows a sale in April 2019 in the $285k-$315k range. This historical price, combined with the current assessed value, provides a benchmark for market trends. For the exact sold price, you can request details via email from the listing source.
4. How does the lot size impact the property?
The lot is above average for the neighbourhood, providing good outdoor space. However, it is around the city-wide average. The appeal is the balanced combination of a large house on a respectable lot, rather than an exceptionally vast yard.
5. Who might the neighbouring properties appeal to?
The direct neighbours are closely spaced homes on the same avenue, suggesting a traditional, tight-knit street feel. The "similar assessed value" properties are scattered across other neighbourhoods like Varsity View and Elmhurst, indicating this price point offers different location options, with 600 Cathedral Avenue competing on its superior interior space within its area.