Property Summary: 1016 Cathedral Avenue, Winnipeg
Key Characteristics & Appeal
This 936 sqft bungalow, built in 1953, sits on a notably generous 5,424 sqft lot in the Robertson neighbourhood. Its primary appeal lies in its strong positioning within its immediate community. The property holds an above-average assessed value for both its street and neighbourhood, suggesting it is a well-regarded home in a stable area. While its living space is modest compared to the Winnipeg average, the lot size is a significant asset, offering ample outdoor space that is less common in newer developments.
The home would suit first-time buyers or downsizers seeking a manageable footprint without sacrificing yard space. It also appeals to value-oriented buyers who prioritize a solid neighbourhood standing over maximum square footage. A thoughtful perspective is that this property represents a "land-value play" in an established area; the lot itself is a substantial portion of the asset, offering potential for future expansion or garden enjoyment that newer, denser subdivisions often lack.
Frequently Asked Questions
1. How does this home’s value compare to others in the area?
The home’s assessed value of $295k is above the average for both Cathedral Avenue ($244k) and the wider Robertson neighbourhood ($269k), indicating it is considered a higher-value property within its local context.
2. Is the living area smaller than typical?
At 936 sqft, the living area is slightly below the Winnipeg average but is quite typical for the Robertson neighbourhood. It offers a more compact and efficient layout, which can mean lower utility costs and less maintenance.
3. What does the sold price history indicate?
Public records show it last sold between $250k-$300k in late 2019. This range placed it in the top 32% of sale prices for Cathedral Avenue at that time, consistent with its above-average assessed value.
4. How does the lot size compare?
The 5,424 sqft lot is a key feature, ranking in the top 24% on its street and top 15% in the neighbourhood. It provides significantly more outdoor space than many nearby properties.
5. Is the year built a concern?
Built in 1953, the home is newer than many on its street (where the average year built is 1930). This suggests potentially fewer issues with very old infrastructure, though a thorough inspection is always recommended for any home of this age.