Property Overview: 647 Cathedral Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home on Cathedral Avenue in Inkster-Faraday presents a practical and value-conscious opportunity. Its key characteristics include a renovated basement, a detached garage, and a standard 4,423 sqft lot. With 993 sqft of living space, it sits comfortably within the average range for its immediate neighborhood and street, offering a manageable footprint.
The primary appeal lies in its strong positioning within the local context. While its size and assessed value are modest citywide, they are above average for the Inkster-Faraday area, suggesting a solid value proposition within this community. The renovated basement adds functional living space, and the lot size is generous compared to many area homes. This property would suit first-time buyers seeking an entry point into the market, practical homeowners who prioritize value and neighborhood affordability over square footage, or investors looking for a stable, income-producing asset in an established area. It’s a home that makes sense on its own terms, offering functionality without pretense.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to the area?
The home’s assessed value ranks in the top 21% for the Inkster-Faraday neighborhood, meaning it is considered above average compared to its immediate peers. This indicates a relatively strong valuation within this specific market.
2. What is the significance of the sold price history shown?
The listed sold price range (e.g., $30.5k–$33.5k in 11/2023) is based on public data estimates. To obtain the exact, verified sale price for any transaction, you must request it via the provided email service, which is manually fulfilled.
3. Is the living space considered small?
At 993 sqft, it is slightly below the city average but is very typical for the area and street. For Inkster-Faraday, it ranks near the middle of the pack, making it a standard-sized home for this community.
4. What might the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. This should be a key point for verification during a viewing to understand the quality, permitted status, and the added functionality it provides (e.g., extra bedroom, living space, or suite potential).
5. The home was built in 1940. What should I be aware of?
While the age is typical for the street and area, it warrants standard due diligence for a home of this era. Potential buyers should prioritize inspections focusing on the foundation, plumbing, electrical systems, and the age/condition of major updates like the roof and windows.