Property Overview: 636 Cathedral Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1942, presents a practical opportunity in the Inkster-Faraday neighbourhood. With 948 sqft of living space and a recently renovated basement, it offers a functional layout on a notably generous 4,916 sqft lot for the area—placing it in the top 12% locally for land size. Its detached garage adds practical storage or workshop space.
The primary appeal lies in its position as a solid, no-frills property with clear value. Its assessed value ranks well above the neighbourhood average, suggesting it is a substantial asset within this community. This isn't a luxury renovation; it's a grounded home that represents space, stability, and a manageable scale. It would suit first-time buyers seeking an entry point with room to grow, practical-minded owners who value a large yard over extravagant interiors, or investors looking for a character property with a strong foundational value in a established neighbourhood.
Section 2: Frequently Asked Questions
1. How does the property's value compare to the area?
The home's assessed value is significantly above the average for Inkster-Faraday (top 18%), indicating it is considered a higher-value property within this specific neighbourhood context.
2. Is the lot size a notable feature?
Yes. The lot of 4,916 sqft is well above the neighbourhood average, placing it in the top 12% locally. This provides more outdoor space than is typical for the area.
3. How does the living space compare to nearby homes?
At 948 sqft, the living area is slightly below the average for similar homes on Cathedral Avenue but is very close to the average for the wider Inkster-Faraday neighbourhood. It offers a compact, efficient footprint.
4. What does the "renovated basement" likely mean?
While specifics aren't provided, a noted basement renovation in a home of this era typically suggests updated essentials like flooring, walls, and lighting, potentially creating a more functional living or utility space. It's advisable to confirm the scope and permits.
5. The home was built in 1942. What should I consider?
While the structure is solid, prospective buyers should budget for the maintenance typical of an 80-year-old home. This includes attention to original plumbing, wiring, and the roof. The renovated basement is a positive, but a thorough inspection is key.