Property Overview
637 Cathedral Avenue is a one-and-a-half storey home in Winnipeg's Inkster-Faraday neighbourhood. Built in 1941, it features 1,158 sqft of living space, a renovated basement, and a detached garage on a 4,556 sqft lot. Its most recent recorded sale was in February 2020.
Key Characteristics & Appeal
This home presents a practical, no-frills opportunity in a mature neighbourhood. Its appeal lies in its solid fundamentals: a recently renovated basement adds modern utility to a classic structure, and the detached garage and above-average lot size for the area offer valuable flexibility. The property sits in a comfortable middle ground—its living space, lot size, and assessed value are all around average for its immediate street, suggesting it fits well within its established community context.
A closer look at the data reveals some thoughtful perspectives. While the home’s assessed value is average for Cathedral Avenue, it ranks above average within the broader Inkster-Faraday area. This could indicate a perceived stability or desirability for this specific pocket. Furthermore, the lot is notably larger than many in the neighbourhood, providing a relative rarity of outdoor space that could be a long-term asset.
This property would suit a first-time buyer or pragmatic investor looking for a straightforward, character home without major premium costs. It’s for someone who values functional space—like a renovated basement and a garage—over high-end finishes, and who appreciates a home that is financially in line with its surroundings.
Frequently Asked Questions
1. What is the exact recent sold price history?
The provided data shows a sale range from February 2020. For precise sold prices, you must request the information directly via email from the listing source, as this is not disclosed publicly on the page.
2. How does this home compare to others in the area?
The home is consistently around average for its street in terms of size, value, and lot. Its key advantage is its lot size, which is above average for the wider Inkster-Faraday neighbourhood.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This would be a key detail to clarify with the seller or listing agent to understand the finish quality and intended use.
4. Is the assessed value a reliable indicator of market price?
Not directly. The assessed value of $23.4k is for municipal tax purposes. Market value is determined by recent sales of comparable homes, like the nearby examples listed from 2020, and current market conditions.
5. What are the implications of the home's age?
Built in 1941, the home is older than the Winnipeg city average. This typically means potential for classic charm but also necessitates a thorough inspection for aging components like plumbing, electrical, and the foundation, common to houses of this era.