Property Overview
572 Cathedral Avenue is a one-and-a-half storey home built in 1912, offering 873 square feet of living space on a 3,151 square foot lot. It features a detached garage and a basement that is noted as being unrenovated. The home’s assessed value is $19,100.
Key Characteristics & Appeal
This property presents a straightforward, entry-level opportunity in Winnipeg’s Inkster-Faraday neighbourhood. Its primary appeal lies in its affordability and manageable scale, underscored by an assessed value that is modest for the city and on par with the local area. The home is smaller than many in its immediate vicinity, which translates to lower utility costs and less maintenance—a practical consideration for first-time buyers or those looking to downsize. The lot size is typical for the neighbourhood, offering adequate outdoor space without being burdensome.
It would suit a buyer comfortable with a home that has a functional, no-frills character. The unrenovated basement signals a chance to add value according to one's own taste and budget over time. This isn't a move-in-ready showcase, but a solid foundation. A thoughtful perspective is that its older age (1912) and established location often come with mature trees and a sense of settled community that newer subdivisions lack. It’s a property for those who see potential in the essentials and prioritize financial accessibility over modern finishes or ample square footage.
Frequently Asked Questions
1. What does "below average" for living area and land size actually mean for daily life?
It means the home and yard are more compact than many others. This can be an advantage, leading to lower heating costs, less time spent on cleaning and yard work, and a cozier feel. It requires efficient use of space.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's modest size, age, and location within the city's market. It is closely aligned with values in the Inkster-Faraday area, indicating it is priced appropriately for its local context rather than the broader, more expensive Winnipeg market.
3. Is the unrenovated basement a major concern?
It is not a concern if you are budgeting for future improvements or need only basic storage/utility space. It does mean the space is in original condition and may require addressing moisture-proofing, insulation, or finishing to become a comfortable living area.
4. How does the age of the home (1912) affect maintenance?
While charm and character are benefits, an older home typically requires diligent upkeep. Buyers should prioritize inspections for the foundation, roof, wiring, and plumbing to understand any needed updates or repairs.
5. What are the immediate next-door properties like?
The listing shows several homes directly adjacent on Cathedral Avenue, suggesting a closely-built streetscape typical of older neighbourhoods. This often fosters a strong neighbourly atmosphere but offers less privacy than a more sprawling suburb.