Property Summary: 1013 Cathedral Avenue, Winnipeg
Key Characteristics & Appeal
This 1954 home in Robertson presents a compelling mix of modest living space and a generous, well-positioned lot. At 901 sqft, the house itself is smaller than average for both its street and the city, suggesting a cozy, efficient layout. Its true standout feature is the land: a 6,704 sqft lot that ranks in the top 1% within the neighborhood and top 4% on Cathedral Avenue itself. This offers significant outdoor space and potential relative to nearby properties.
The home’s assessed value of $319k is notably above average for its immediate area, indicating that the market recognizes the premium value of the lot and the home's condition or updates. It suits buyers looking for a manageable-sized home without sacrificing yard space—ideal for gardening, family play, or future expansion. It would also appeal to value-conscious purchasers who see the long-term benefit of owning one of the larger lots in a mature neighborhood, where land is a scarce commodity. The recent sale in late 2023 within the $250k-$300k range suggests a potentially attractive entry point relative to its assessed value.
Frequently Asked Questions
1. Is the house too small at 901 sqft?
While below the city average, the living area is around the neighborhood average. It represents an opportunity for buyers prioritizing low-maintenance living and a large yard over interior square footage, or for those with plans to renovate or expand.
2. Why is the assessed value so much higher than the recent sold price?
Assessed values for taxation purposes and market sale prices can differ. The sold price range from late 2023 may reflect the market conditions at that time, buyer negotiations, or the home's specific condition. The above-average assessment for the street and area underscores the property's underlying value, particularly the lot.
3. What does the "elite" lot ranking actually mean for me?
It means you are getting a parcel of land significantly larger than most in Robertson and on Cathedral Avenue. This provides more privacy, space for additions like a garage or garden shed, and possibly better future resale value based on lot size alone.
4. The home was built in 1954. What should I be concerned about?
While newer than most on its street, a 1954 home will likely have aging components like the roof, windows, plumbing, or electrical systems. A thorough inspection is essential. Its relatively newer build date compared to neighbors can be an advantage, potentially meaning updates have already been made or systems are less dated.
5. How can I find out the exact sold price?
The public data shown is an estimated range. To obtain the precise sale history and figures, you must request a manual lookup from the site via email, as they do not display MLS sold records due to industry rules.