610 Cathedral Avenue

Property Summary: 610 Cathedral Avenue

Key Characteristics & Appeal

This is a compact, one-storey home built in 1914, offering a straightforward and manageable footprint with 680 sqft of living space. Its key updated feature is a renovated basement, adding functional space, and it includes a detached garage. The lot size is modest at just over 3,000 sqft.

The primary appeal lies in its affordability and simplicity. With an assessed value significantly below the Winnipeg city average, it represents a low-barrier entry point into homeownership. It’s a practical option for a first-time buyer comfortable with a smaller, older home, or an investor looking for a rental property with a recent basement renovation. A less obvious perspective is its potential for someone seeking a minimalist lifestyle without the upkeep of a larger property, or as a strategic purchase in a neighbourhood where values are stable. While its size and age place it below average in many statistical comparisons, this is precisely what positions it as an accessible and uncomplicated opportunity.

Frequently Asked Questions

1. How recent is the basement renovation?
The listing confirms the basement is renovated, but the specific year and scope of the work are not provided in the public data. This would be a key question for the seller or their agent.

2. What is the actual sold price history?
The public data shows a sale in August 2022 in the range of $17.5k to $20.5k. The listing service offers to provide the exact sold price history upon request via email, as some data points are manually gathered.

3. Is this a good investment compared to the area?
The home’s assessed value is around average for the Inkster-Faraday neighbourhood but well below the city average. This suggests it’s priced in line with its immediate area, which could indicate stability rather than high volatility, potentially suiting a buy-and-hold strategy.

4. What are the implications of the home’s age (1914)?
While the building is 112 years old, its year built is around average for its street and neighbourhood. Buyers should prioritize a thorough inspection to understand the condition of major aging components like the foundation, plumbing, and wiring, which may not be reflected in the assessment.

5. How does the living space compare to nearby homes?
At 680 sqft, the living area is notably smaller than most comparable homes on Cathedral Avenue and in Winnipeg overall. This underscores the home’s compact nature, so buyers should ensure the layout and size meet their spatial needs.