Property Overview: 639 Cathedral Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1942, offering a practical and straightforward living opportunity in the Inkster-Faraday neighbourhood. With 768 sqft of living space, the home is notably smaller than most in the city, positioning it as a low-maintenance option. Its key updated feature is a renovated basement, adding functional space, and it includes a detached garage. The lot size of 4,423 sqft is above average for the immediate area, offering valuable outdoor space relative to nearby properties.
The primary appeal lies in its efficiency and lot potential. It suits buyers seeking an affordable entry into the market, such as first-time homeowners or investors, who prioritize a manageable footprint and a solid foundation over square footage. The above-average lot size for the neighbourhood presents a thoughtful opportunity for future expansion, gardening, or outdoor living—a less obvious advantage in this price range. Its assessed value is strong for the local area, suggesting it represents good value within its specific community context compared to wider city averages.
Frequently Asked Questions
1. How does the home's size impact livability?
At 768 sqft, the living area is compact. It will suit individuals, couples, or those comfortable with efficient use of space. The renovated basement is a crucial feature that adds necessary functional room.
2. What does the assessed value ranking tell me?
While the assessed value is below the Winnipeg citywide average, it ranks well above average for the Inkster-Faraday neighbourhood itself. This indicates the property is considered a solid value within its local market.
3. Is the lot size a significant feature?
Yes. The land area is larger than many lots in Inkster-Faraday. This provides more private outdoor space than typical for the area and could be a long-term asset for expansion or landscaping.
4. What are the implications of the home's age?
Built in 1942, the home is around the average age for the street and neighbourhood. Buyers should ensure that core systems (roof, wiring, plumbing) have been appropriately maintained or updated over time.
5. How recent is the sale history, and what does it indicate?
The home sold in August 2022. The sale price range from that period provides a recent market benchmark, but for the most accurate sold price to inform an offer, you can request the exact figure via email from the site.