Property Overview: 726 Cathedral Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home on a generous lot in the Inkster-Faraday neighbourhood. Built in 1946, it is notably newer than many surrounding homes. With 672 sqft of living space, it is a smaller home, ranking well below average in size for the area and city. However, its assessed value is aligned with the local street average, and it sits on a larger-than-average lot for the neighbourhood at over 5,000 sqft. The home features a renovated basement and a detached garage.
Its primary appeal lies in its efficiency and land value. It represents a very affordable entry point into the Winnipeg market, suited for a minimalist lifestyle or as a strategic investment property. The sizable lot offers potential for expansion, gardening, or future development, subject to zoning. It would best suit a first-time buyer comfortable with a smaller footprint, an investor looking for a rental property with a low entry cost, or a buyer who values land size over the current size of the dwelling. A less obvious perspective is that its "below average" square footage and "around average" assessed value for the street suggest the value is primarily in the land and location, not the structure itself.
Frequently Asked Questions
1. Why is the living area so much smaller than area averages?
This is a compact, one-storey bungalow from the post-war era. Its size reflects efficient, modest housing of its time and is a key factor in its affordability.
2. What does the sold price history indicate?
The home sold in June 2024 for an estimated range of $18.5k to $21.5k, which is consistent with its current assessed value. This suggests a stable, low-value property in the context of the local market.
3. Who would this property not be suitable for?
It would likely not suit a family needing multiple bedrooms or significant indoor space, or anyone seeking a modern, turn-key home without renovation projects. The small main floor area requires efficient use of space.
4. What is the significance of the lot size?
At over 5,000 sqft, the lot is larger than most in the Inkster-Faraday area. This is a standout feature that provides outdoor space and may offer future potential, making it more valuable than the structure alone.
5. How can I find out the exact sold price?
The exact sold price is not publicly displayed in detail here. You can request it by email via the button on the property page; the service provides the accurate figure manually without using your email for unsolicited marketing.