37.5
Below average
Property score
37.5
Below average
Overall 37.5
Smaller and older than most nearby homes
683 sqft (bottom 11%)
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
Below average
33% 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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37.5 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
605 Cathedral Avenue — 13 amenities found within 500 m, across 6 categories, including 1 dining (nearest 179 m), 1 education (nearest 385 m), 2 healthcare (nearest 183 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 17% | Bottom 31% | Bottom 5% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 605 Cathedral Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1912, situated on a standard city lot in the Inkster-Faraday neighbourhood. Its key characteristic is its modest scale, with a living area of 683 sq. ft. that is notably smaller than most homes in the city. The basement has been renovated. There is no garage or pool.
The primary appeal lies in its affordability and simplicity, as reflected in its low assessed value. This property represents a straightforward entry point into homeownership with correspondingly lower property taxes. It would suit a very specific buyer: someone seeking absolute minimal space, such as a single occupant, an investor looking for a rental property with a manageable overhead, or a buyer who values location over square footage and plans to use the home as a functional base rather than a long-term family dwelling. A thoughtful perspective is that its small size and vintage could appeal to someone intentionally pursuing a minimalist lifestyle, though it requires a realistic view of space constraints. Its value is largely utilitarian.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on the property's specific attributes—namely its very small size, age, and lack of major upgrades like a garage. It is assessed in line with similar, modest homes in its immediate area.
2. What does the "below average" ranking for living area mean practically?
It means this home's interior space is significantly smaller than typical. With 683 sq. ft., the layout will be compact. Buyers should prioritize a viewing to ensure the floorplan meets their needs for living, sleeping, and storage.
3. Is the renovated basement included in the living area square footage?
Typically, below-grade space (like a basement) is not counted in the official living area (sq. ft.) metric, even if it is finished. The 683 sq. ft. refers to above-ground space only. The renovated basement adds usable space but is considered separately.
4. How reliable are the sold price ranges shown?
The ranges are based on publicly available data. For the exact historical sold price, you must request it via the provided email service, as land title transaction prices are not directly published in Manitoba.
5. What are the implications of buying a home built in 1912?
While charm and character are possible, the major systems (wiring, plumbing, foundation, insulation) may be older or have been updated over time. A thorough home inspection is essential to understand the condition and any potential maintenance priorities specific to a century-old structure.
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