Property Overview: 773 Cathedral Avenue, Winnipeg
Key Characteristics & Appeal
This 720 sqft bungalow, built in 1947, presents a classic Winnipeg character home on a notably generous lot. Its primary appeal lies in a compelling value proposition within the established Robertson neighborhood. While the living space is compact compared to local averages, the property excels in its land size—the lot of over 6,000 sqft ranks in the top 5% for the area—offering significant outdoor space and future potential. The assessed value of $304k sits well above the street and neighborhood averages, suggesting the municipal assessment recognizes attributes not solely tied to square footage, possibly including the desirable lot, condition, or updates.
This home would suit a first-time buyer, downsizer, or investor looking for a manageable footprint without sacrificing yard space. It’s for someone who values a large, private outdoor area over a large interior and sees potential in a home that may be smaller but sits on a prime lot relative to its surroundings. The recent sale history indicates stable value in the $200k-$250k range, offering a more affordable entry point into the neighborhood than the current assessment might imply.
Frequently Asked Questions
1. Why is the assessed value higher than many nearby homes if the house is smaller?
Municipal assessments consider multiple factors beyond living area, including lot size, location, building condition, and improvements. This home’s lot is significantly larger than area averages, which likely contributes to its higher assessed value.
2. How does the lot size compare to a typical city lot?
The lot is approximately 6,038 sqft, which is well above average for both the immediate street and the wider Robertson neighborhood. It offers substantial outdoor space uncommon for homes in this price and size category.
3. What do the past sold prices indicate about the property's value?
The home sold in the $200k-$250k range in both 2021 and 2019. This historical data provides a benchmark for actual market value, which can be compared to the current assessed value for tax purposes and the asking price.
4. Is the living area suitable for a small family?
At 720 sqft, the living area is below the neighborhood average. It would likely suit a couple, a single person, or a small family comfortable with compact, efficient living, with the large yard serving as a key extension of the living space.
5. Where can I find verified, exact sold price data for this home?
The provided data is based on public records. For fully verified and exact transaction figures, you must request a manual lookup from the site, as they do not display MLS-sourced sold records due to industry regulations.