58.3
Fair
Property score
58.3
Fair
Overall 58.3
Older than most nearby homes
1,001 sqft (top 50%)
Built in 1912 (18 yrs older than avg)
Located in a above-average income area
with median household income of ~81k
Transit 80.0
3-min walk to transit with 3 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
2% smaller than neighborhood avg.
Year Built
Below average
18 yrs older than neighborhood avg.
Mother tongue
English · 58%Tagalog · 25%
Past 10 years Inkster-Faraday sales snapshot (~80% of all data)
538
247.5k
$193/sqft
1930
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58.3 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: #46110924
$81K
Median household income
$87K
Average household income
7%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
26%
Single-person households
28%
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
623 Cathedral Avenue — 13 amenities found within 500 m, across 6 categories, including 1 dining (nearest 230 m), 1 education (nearest 431 m), 2 healthcare (nearest 227 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 16% | Bottom 29% | Bottom 5% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 623 Cathedral Avenue
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1912, presents a straightforward opportunity in Winnipeg's Inkster-Faraday neighbourhood. Its key appeal lies in its very low financial barrier to entry, highlighted by an assessed value significantly below area and city averages. With 1,001 sqft of living space, it sits around the average for its immediate street and neighbourhood, but its standout feature is the 5,241 sqft lot, which is notably larger than most in the area. The home has a basement, but it is noted as not renovated, and the property does not include a garage or pool.
This property would suit a specific type of buyer: those seeking an extremely affordable entry into homeownership, investors looking for a land-value play with a existing structure, or hands-on individuals who view the home as a canvas for renovation. Its low taxes and purchase price (evidenced by its recent sale in the $14.5k-$17.5k range) mean carrying costs are minimal, allowing a buyer to allocate resources toward improvements over time. A less obvious perspective is that the large lot, relative to the neighbourhood, offers future potential not reflected in the current price—whether for expansion, gardening, or simply as a rarity in an older, established area.
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 current state, market area, and recent sales. This valuation reflects the home's age, condition, and the specific market dynamics of the neighbourhood, resulting in a very low tax burden.
2. What does "basement, not renovated" typically imply?
This usually indicates the basement is in original or functional condition but has not been modernized or finished to contemporary standards. Buyers should budget for potential updates and anticipate it being used for utilities and storage rather than as finished living space.
3. Is the large lot size a significant advantage?
Yes. The lot is larger than most in both the immediate area and the wider neighbourhood. This provides more outdoor space and could offer more flexibility for future projects, additions, or landscaping than is typical for properties in this price range.
4. Who would be the ideal buyer for this home?
It's best suited for buyers comfortable with a project, whether as a live-in renovation, a long-term hold for its land value, or a rental investment. It is less suited for someone seeking a move-in-ready home without any required work.
5. How reliable are the provided sold price ranges?
The ranges are based on publicly available data. For the exact historical sold price, you can request it via email from the site; they provide this verified figure manually as a free service without marketing spam.
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