Property Overview & Key Characteristics
This two-storey home on Cathedral Avenue in Winnipeg's St. John's neighbourhood presents a distinct opportunity. Its primary appeal lies in its generous proportions and established location. With a living area of 1,813 sqft situated on a large 5,927 sqft lot, the property offers more space than most in the immediate area, ranking in the top 10-15% locally. The home itself is a piece of local history, built in 1905, which places it among the older 2% of homes citywide. This vintage suggests potential for classic architectural details, but also means systems and structure require careful evaluation.
The property suits a specific buyer: someone with a vision for a character home who is prepared for a project. The appeal is not in move-in readiness—the basement is noted as unrenovated and there is no garage—but in the foundational assets of space, lot size, and location. It’s a canvas for restoration or significant updating. A thoughtful perspective is the very low assessed value of $29,700, which, while not reflecting market price, indicates a significant gap between its current official valuation and its potential post-renovation value—a point of interest for buyers looking to add value through improvements.
Frequently Asked Questions
1. What does the "rank" data actually mean?
The rankings compare this property against others on the same street, in the neighbourhood, and across Winnipeg. For example, its lot size is in the top 17% on its street, meaning it's larger than 83% of its immediate neighbours. Conversely, its age ranks in the bottom 11% on the street, indicating it is older than 89% of nearby homes.
2. The assessed value seems very low. Is that the selling price?
No. The assessed value ($29,700) is for municipal tax purposes and is typically far below market value, especially for older homes that haven't been recently renovated. Market price is determined by current sales of comparable properties, location, and condition.
3. What are the implications of a 1905 build date?
This age brings potential for charming original features but also necessitates thorough inspections for the foundation, wiring, plumbing, and insulation. It represents a commitment to maintaining and upgrading a historic structure, which can be rewarding but requires realistic budgeting.
4. The listing mentions an unrenovated basement. What should I consider?
This signals that the basement is in original or utilitarian condition. Key considerations are ceiling height, moisture control, the condition of the foundation, and the type of heating system. It represents both a future opportunity for living space and a current priority for assessing structural integrity.
5. How does this home compare to the nearby properties listed?
The provided comparisons show that 150 Cathedral Avenue has a significantly larger living area than most nearby homes of similar vintage and a much larger lot. However, some comparable properties on different streets have higher assessed values, which often reflects a more updated condition or different location factors, highlighting that this home's value is primarily in its land and footprint, not its current finishes.