47.2
Below average
Property score
47.2
Below average
Overall 47.2
Older than most nearby homes
991 sqft (bottom 49%)
Built in 1912 (18 yrs older than avg)
Located in a above-average income area
with median household income of ~69k
Transit 86.0
2-min walk to transit with 4 nearby routes
Within 500m: 1 dining spot, 1 school, 2 healthcare facilitys, and 1 shop nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
3% smaller than neighborhood avg.
Year Built
Below average
18 yrs older than neighborhood avg.
Mother tongue
English · 66%Tagalog · 20%
Past 10 years Inkster-Faraday sales snapshot (~80% of all data)
538
247.5k
$193/sqft
1930
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47.2 is composed by the two sections below.
Property Score
Community Score
Inkster-Faraday
How to read: Share of sales in each ~$50k price band for “inkster-faraday” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110908
$69K
Median household income
$79K
Average household income
16%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
26%
Single-person households
26%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
603 Cathedral Avenue — 13 amenities found within 500 m, across 6 categories, including 1 dining (nearest 171 m), 1 education (nearest 378 m), 2 healthcare (nearest 177 m).
Inkster-Faraday · WPS public data · 2026
Annual incidents
61
2026
vs. city avg
+107%
relative to avg
Year-over-year
▼ -92%
vs. prior year
Primary type
Property
80%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 2% | Bottom 8% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Property Overview: 603 Cathedral Avenue, Winnipeg
Key Characteristics & Buyer Profile
This is a compact, one-and-a-half storey home built in 1912, offering 991 square feet of living space on a 3,351 sqft lot in the Inkster-Faraday neighbourhood. Its key appeal lies in its position as an entry-point property with a very low assessed value ($120k), which is significantly below the citywide average. The home presents a practical, no-frills opportunity. It has a basement, but it is noted as not being renovated, and there is no garage or pool.
The property would suit a specific type of buyer: primarily investors or very hands-on, budget-conscious homeowners. For an investor, the low entry cost and historical sold prices in the $10k-$13k range suggest potential for rental conversion or a hold-and-renovate strategy. For an owner-occupant, it represents a chance to build equity through sweat equity in a home that is modest in size but typical for its immediate area. A less obvious perspective is that its assessed value ranks in the bottom 1% locally, which, while indicating a need for updates, also highlights its insulation from broader market volatility—it’s a property operating on its own, fundamentally affordable metrics. Its age and condition mean it is not suited for someone seeking move-in readiness, but rather for those who see potential in a basic structure and location.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value is based on the property's specific characteristics, market area, and condition. This valuation reflects its age, smaller size, and the fact it likely requires modernization compared to the average Winnipeg home.
2. What does "basement, not renovated" typically imply?
This usually indicates a functional but unfinished or dated basement space. Buyers should anticipate a space that may be usable for storage or utilities but will require investment to become a modern living area.
3. Who would be the ideal buyer for this home?
It's best suited for investors looking for a low-cost rental property or for handy, first-time buyers willing to take on a project. Its appeal is rooted in affordability and potential, not immediate comfort or finish.
4. How does the property compare to others on Cathedral Avenue?
The home is around average for living area and age on its street but ranks in the bottom tier for assessed value. This suggests that while the home's size is consistent with the neighbourhood, its condition or specific features result in a lower valuation than most of its direct neighbours.
5. Is the sold price history provided exact?
No, the listed sold price is a range based on public data. To obtain the exact historical sale price, you must request it via email from the listing service, which provides the figure manually without marketing follow-up.
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