Property Overview: 737 Cathedral Avenue, Winnipeg
Key Characteristics & Buyer Profile
This one-and-a-half storey home on Cathedral Avenue in the Inkster-Faraday neighbourhood presents a practical, no-frills opportunity. Built in 1946, it offers 1,244 sqft of living space with an unfinished basement and a detached garage, situated on a standard-sized lot of just over 4,500 sqft.
Its primary appeal lies in its straightforward, functional layout and its position as a relative standout within its immediate area. The data shows that for its neighbourhood, the home ranks above average in living space, lot size, and year built, meaning it offers more substance than many nearby comparables. This creates a value proposition for a buyer looking for a solid foundation in this specific community. The assessed value is modest, and the recent sold price history suggests an accessible entry point into the market.
This property would best suit a pragmatic first-time homebuyer, an investor looking for a rental property, or a hands-on individual comfortable with a home that may require updates over time. It’s not a luxury offering, but a grounded choice for someone prioritizing function, neighbourhood positioning, and potential over immediate modern finishes.
Frequently Asked Questions
1. What is the true condition of the basement?
The listing explicitly notes the basement is "not renovated." Buyers should anticipate an unfinished space that likely requires significant work to become a livable area, which should be factored into renovation plans and budgets.
2. How does this home's value compare city-wide?
While it ranks well within its neighbourhood, its assessed value is below the Winnipeg city-wide average. This highlights that it is situated in a more affordable market segment, which can mean lower property taxes but may also reflect broader area price trends.
3. Is the detached garage in good condition?
The listing confirms a detached garage exists but does not detail its state. Given the home's age and the note on the basement, a prospective buyer should verify the garage's structure, roof, and functionality.
4. What does the "above average" ranking for the neighbourhood actually mean?
For key metrics like living area and lot size, this home is larger and on a bigger parcel than many homes in Inkster-Faraday. This suggests you get more physical property for your money compared to local alternatives, which is a core part of its value.
5. Why is there a range for the last sold price, and how do I get the exact figure?
The sold price is presented as a range (e.g., $18.50k ~ $21.50k) based on public data. The site offers to provide the exact sale price via email upon request, as this precise data is not always publicly disclosed in Manitoba. This is a common practice for obtaining accurate historical pricing.