Property Overview: 834 Cathedral Avenue, Winnipeg
Key Characteristics & Appeal
This 874 sqft bungalow, built in 1951, sits on a slightly larger-than-average lot (over 5,000 sqft) in the Robertson neighbourhood. Its key characteristic is a notable value proposition within its immediate area. While the living space is modest compared to many Winnipeg homes, its assessed value of $324k ranks in the top 10% for its street and top 9% for Robertson, indicating it is viewed as a premium property within a more affordable local context. This suggests potential for above-average finishes, updates, or a particularly desirable location on the block.
The appeal lies in this balance. It offers a manageable size for maintenance while providing a generous yard. It suits buyers looking for a solid, established neighbourhood home without the upkeep of a larger property—ideal for first-time buyers, downsizers, or investors seeking a stable rental property. A thoughtful perspective is that its higher assessment, relative to nearby homes, could signal either a well-maintained asset or a higher property tax burden, so recent upgrades and tax estimates should be verified.
Frequently Asked Questions
1. Is the living area too small?
At 874 sqft, the home is smaller than the average for both the street and the city. This makes it efficient and manageable but may require creative use of space or an addition for growing families.
2. Why is the assessed value so high for the area?
With an assessment ranking in the top 10% locally, this often reflects recent renovations, premium lot features, or superior condition compared to neighbours. Reviewing recent sale prices and any major updates is advised.
3. How does the lot size compare?
The lot is over 5,000 sqft, which is above average for Robertson. This is a significant asset, offering more outdoor space than many neighbouring properties for gardens, recreation, or future expansion.
4. What can past sale prices tell me?
Public data indicates it last sold between $250k-$300k in 2019. The current assessed value being higher suggests market growth and/or improvements since then. For exact historical figures, a manual records lookup is required.
5. How does the age of the home factor in?
Built in 1951, it is newer than many homes on its street (average year built 1930). This can mean potentially fewer issues with very old infrastructure, but a thorough inspection of original systems like wiring and plumbing remains essential.