Property Overview: 867 Cathedral Avenue, Winnipeg
Key Characteristics & Appeal
This 1950-built home in the Robertson neighborhood presents a distinct value proposition centered on its generous lot and established location. At 768 sqft, the living space is notably compact, ranking below average for its street, neighborhood, and city. However, this is balanced by a land area of over 5,300 sqft, which is larger than most lots nearby. The assessed value of $299k sits above average for the immediate area, suggesting the property is valued for more than just its square footage.
The primary appeal lies in this land-to-structure ratio. It suits a buyer looking for an entry point into a mature neighborhood with room to grow outdoors or potentially expand the home itself in the future. It’s a practical choice for a minimalist homeowner, an investor considering a hold-and-renovate strategy, or someone who prioritizes private outdoor space over interior size. The data indicates you’re paying a premium relative to nearby homes, likely for that larger, rarer lot in the area rather than for a turnkey or spacious interior.
Frequently Asked Questions
1. Is the home’s assessed value likely accurate given its smaller size?
Yes, the $299k assessment is above the local street and neighborhood averages. This typically reflects other factors like its larger-than-average lot size, the condition of the home, or specific features not captured in basic square footage metrics.
2. How does the lot size compare to typical properties in Winnipeg?
At 5,364 sqft, the lot is above average for Robertson and on Cathedral Avenue, but is closer to the citywide midpoint. It offers more private outdoor space than most immediate neighbors, which is a key differentiator.
3. What does the sold price history indicate?
The property sold twice in 2021. The sale prices moved from the lower tier to the upper tier of local sales within a few months, indicating a rapid appreciation in perceived or improved value during that period.
4. Are homes on this street generally older or newer?
Built in 1950, this home is actually newer than the average house on Cathedral Avenue, where the typical home was built around 1930.
5. How can I verify the exact past sold prices?
The site provides sold price ranges publicly. Due to industry rules, exact MLS sold figures are not displayed online here. You can request the exact historical sold prices by email, and the service will provide them manually.