Property Overview: 850 Cathedral Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 832 sqft bungalow, built in 1950, presents a practical and value-oriented opportunity in Winnipeg's Robertson neighborhood. Its key appeal lies in its strong value proposition relative to its immediate surroundings. While the living space is modest and below city averages, the property's assessed value of $292k is notably above the street average, suggesting it is perceived as a well-maintained or desirable home on Cathedral Avenue. It sits on a standard-sized lot of just under 5,000 sqft.
The home would suit first-time buyers or downsizers seeking an affordable entry into a mature neighborhood without a major renovation project. It also appeals to the value-conscious investor or buyer who prioritizes a solid foundation in a stable area over sheer square footage. A less obvious perspective is that a home assessed significantly higher than its street peers can indicate above-average condition or updates, but it also means you are buying at the top of the immediate market, which could affect future resale premiums.
Section 2: Frequently Asked Questions
1. Is the home smaller than others in the area?
Yes. At 832 sqft, the living area is below the average for both Cathedral Avenue and the wider Winnipeg market. This indicates a compact, efficient layout.
2. Why is the assessed value higher than the street average?
An assessed value ($292k) above the street average ($244k) typically reflects the city's estimation of the property's worth relative to its specific condition, features, and lot. It suggests this home may be in better condition, have more updates, or possess other advantageous characteristics compared to neighboring properties.
3. What is the recent sales history?
Records indicate a sale between $200k-$250k in July 2017. For fully verified and exact historical sale figures, a manual lookup through the site's email request service is required.
4. How does the lot size compare?
The 4,724 sqft lot is very close to the average for both the street and the Robertson neighborhood, offering typical outdoor space for the area.
5. What are comparable nearby properties like?
Nearby homes on Cathedral Avenue and in Robertson, such as 882 Cathedral Avenue and 876 Cathedral Avenue, show similar vintage (1950s), living areas, and assessed values, confirming this property is representative of the local segment of the market.