Property Overview
This one-and-a-half storey home on Cathedral Avenue in Winnipeg's Inkster-Faraday neighbourhood presents a practical and well-situated opportunity. Built in 1948, it features 1,289 square feet of living space, a renovated basement, and a detached garage on a 4,690 sqft lot. Its appeal lies in its strong positioning within its immediate area. The living space, land size, and assessed value are all above average for the Inkster-Faraday neighbourhood, suggesting a home that offers more room and value than many nearby properties. It would suit first-time buyers or practical investors looking for a character home with updated fundamentals in a established community. A thoughtful perspective is that while its citywide assessed value ranks below average, its strong standing within the neighbourhood indicates it's a comparatively solid asset in its local market, which can be a more relevant measure for daily living and resale.
Frequently Asked Questions
1. How does this home compare to others in the area?
The data shows this property ranks above average within the Inkster-Faraday neighbourhood for key metrics like living area, assessed value, year built, and land area. This means it offers more space and is newer than many comparable homes nearby.
2. What is the exact past sold price?
The provided sold price history is a range. To obtain the exact sold price from the last transaction, you must request it via email from the listing service, as this information is verified and delivered manually.
3. What are the implications of the "renovated basement"?
While noted as renovated, specifics on the finish, permits, or the nature of the renovation (e.g., moisture proofing, ceiling height, legal suite potential) are not provided. This would be a key area for buyer due diligence.
4. Is the assessed value a good indicator of market price?
Not directly. The assessed value of $25,600 is for municipal tax purposes. The last sold price range (2017) and current market conditions will be far more relevant for determining today's market value. Its high rank locally suggests it is a higher-value property for the area.
5. What is the significance of the home's "one-and-a-half storey" design?
This classic Winnipeg design often features main-floor living areas with bedrooms on a second, potentially sloped-ceiling floor. It offers more character and space than a bungalow but may have different room proportions than a full two-storey home.