Property Summary: 323 Cathedral Avenue, Winnipeg
Section 1: Overview & Appeal
This home at 323 Cathedral Avenue in St. John’s is a classic Winnipeg character property, built in 1912. With 1,210 square feet of living space, it offers a comfortably sized interior that is very typical for its immediate street and neighbourhood. Its assessed value of $199K is notably below the Winnipeg citywide average, presenting a value-oriented entry point into the market.
The primary appeal lies in its established location and its relative affordability within the city context. The home sits on a 3,150 sqft lot, which is smaller than most on its street but average for the broader St. John’s area. This suggests a lower-maintenance yard, which can be a practical advantage. A thoughtful perspective for buyers is to consider the trade-off: while the lot is compact, the home’s assessed value is proportionally lower, potentially freeing up budget for interior updates or customization. This property would best suit a first-time homebuyer, a practical downsizer, or an investor looking for a character home in a long-established neighbourhood without a premium price tag. It’s for those who value location and character over modern size standards and are prepared for the considerations that come with a century-old home.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to likely market value?
Assessed value is for municipal tax purposes and is not a direct indicator of market selling price. However, its position significantly below the citywide average suggests this property could be priced accessibly. A market evaluation is essential for an accurate price expectation.
2. What should I consider with a home built in 1912?
While offering charm, a 114-year-old home will likely have older infrastructure. A thorough inspection is crucial to understand the condition of major systems like plumbing, electrical, and the foundation, and to budget for any necessary updates or maintenance.
3. The lot size is noted as "below average" for the street. Is this a major drawback?
This depends on your lifestyle. The lot is still a good size for a patio, garden, or play area, but may not suit those wanting extensive landscaping, a large garage, or significant outdoor entertaining space. It can mean less yard work and a cozier streetscape.
4. Is there recent sales history available for this specific home?
According to the provided data, no sales history is displayed for this listing. You can request exact historical sales figures by contacting the site via the provided email request form for a manual lookup.
5. How does this home rank compared to its neighbours?
The data shows it is generally "around average" for its neighbourhood (St. John's) in terms of living area, value, and age. Its lot size is smaller than most on its specific street but typical for the wider area. This indicates it fits comfortably within the local fabric of homes.