Property Overview: 916 Cathedral Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 916 Cathedral Avenue in the Robertson neighborhood presents a distinct value proposition centered on its generous lot. The 800 sqft house, built in 1952, is modest in size compared to area averages, but it sits on a significantly larger-than-average parcel of land (6,297 sqft), ranking in the top 4% of the neighborhood for lot size. Its assessed value of $272k is very close to the local street and neighborhood averages, suggesting a fairly priced entry point into the market.
The primary appeal lies in its potential. The combination of a manageable, older home on a substantial lot is ideal for buyers with a vision for renovation, expansion, or outdoor space. It suits first-time buyers or investors looking for a solid footprint in a mature neighborhood without the premium price of a fully updated or larger home. A thoughtful perspective is that this property offers "space over place"—prioritizing land and future possibilities over immediate square footage or modern finishes. It represents a pragmatic, long-term investment in a property's underlying asset (the land) rather than paying for a recently upgraded interior.
Section 2: Frequently Asked Questions
1. Is the house too small?
At 800 sqft, the living area is below the local averages. It would suit individuals, couples, or small families comfortable with a cozy layout or those planning a future addition to capitalize on the large lot.
2. How does the lot size impact value?
The elite neighborhood ranking for land area is a key asset. It provides privacy, room for gardens, recreation, or parking, and future development potential, which is a growing rarity in mature city neighborhoods.
3. Is the assessed value a good indicator of the selling price?
The assessed value ($272k) is close to recent neighborhood sale prices for similar-sized homes. It serves as a reliable baseline for municipal taxation, but the final sale price will be determined by current market conditions, the property's exact state, and buyer demand.
4. What are the implications of the 1952 build year?
Being newer than most on its street is a plus, potentially indicating somewhat updated infrastructure for its age. However, as with any home over 70 years old, buyers should budget for and inspect age-related systems like plumbing, electrical, and the roof.
5. Where can I find verified past sale prices?
The provided sold price range (CA$250k–300k) is based on public data. For fully verified and exact historical transaction figures, you must request a manual lookup from the site via email, as MLS records are not displayed here due to industry regulations.