Property Summary: 927 Cathedral Avenue, Winnipeg
Section 1: Overview & Appeal
This 998 sqft bungalow, built in 1953, presents a solid, no-frills opportunity in the Robertson neighborhood. Its key appeal lies in its strong relative value within its immediate area. While the living space is modest compared to the city average, the property stands out on its street and in Robertson with an assessed value ($306k) that is notably above the local averages. This suggests it is perceived as a well-maintained or updated home in its micro-market. The lot size is also generous for the neighborhood.
The home would suit practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize location and lot size over sheer square footage. It’s for someone who understands that a home's value is often hyper-local; here, you’re acquiring an asset that performs well against its closest comparables. A thoughtful perspective is that its 1953 build date is newer than most on the block, potentially meaning fewer concerns with the very old infrastructure common in the area. The recent sale history indicates steady appreciation, pointing to a stable investment in a mature community.
Section 2: Frequently Asked Questions
1. Is the living area small?
Yes, at 998 sqft, it is below the Winnipeg average. However, it is very close to the average for Robertson and is a fairly typical size for a post-war bungalow in the area, offering efficient, manageable space.
2. Why is the assessed value higher than the street and neighborhood averages?
This typically indicates that the assessor views the property's condition, features, or improvements more favorably than others in the immediate vicinity. It often reflects updates, a premium lot, or a superior layout compared to nearby homes.
3. How does the lot size compare?
At just over 5,000 sqft, the lot is larger than average for both the street and Robertson, offering more outdoor space than many neighboring properties—a key advantage.
4. What does the sale history tell us?
The home sold in 2020 and again in 2022, each time at a price point that placed it in the top tiers for the street and neighborhood. This pattern suggests consistent, above-average demand for this specific property.
5. How can I get the exact sold prices?
The site provides sold price ranges. Due to industry regulations, exact sold prices are not displayed publicly. You can request the exact figures via email from the site provider, who will manually look them up and send them to you.