Property score
47.8
Below average
Overall 47.8 · Smaller but newer than most nearby homes
768 sqft (bottom 23%) · Built in 1944 (14 yrs newer than avg)
Located in a above-average income area with median household income of ~81k
Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 2 schools, 2 healthcare facilitys, and 1 shop nearby
Living Area
Below average
25% smaller than neighborhood avg.
Year Built
Above average
14 yrs newer 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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47.8 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
642 Cathedral Avenue — 13 amenities found within 500 m, across 6 categories, including 1 dining (nearest 302 m), 2 education (nearest 477 m), 2 healthcare (nearest 274 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 43% | Top 38% | Bottom 14% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 642 Cathedral Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1944, featuring a renovated basement and a detached garage. With 768 sqft of living space, it is notably smaller than most homes in the city, offering a low-maintenance footprint. Its primary appeal lies in its financial accessibility and efficient use of space. The assessed value of $23.5k is above average for the Inkster-Faraday neighbourhood, suggesting it represents a solid value proposition within that local market. The lot size of 4,538 sqft is generous for the area, providing valuable outdoor space that the home itself does not.
This property would suit first-time buyers or investors seeking an entry point into the market with minimal property tax overhead. It’s also a practical fit for those who prioritize a large yard over a large house, or for someone looking for a straightforward, renovate-as-you-go project where the major basement work is already completed. A less obvious perspective is that its smaller size and mature neighbourhood setting might appeal to those consciously seeking a simpler, less consumptive lifestyle without venturing far from city amenities.
Frequently Asked Questions
1. Why is the assessed value so much lower than typical city-wide averages?
The assessed value reflects the local market conditions in the Inkster-Faraday neighbourhood and the home's smaller size. It is actually above average for this specific area, indicating it is a comparatively valued property here.
2. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This would require clarification with the seller or a viewing to understand the finish quality, layout, and whether it includes a separate entrance or legal suite potential.
3. How does the smaller living area impact livability?
The 768 sqft layout requires efficient use of space. It likely means fewer or smaller rooms, emphasizing function over spaciousness. The renovated basement effectively adds usable square footage, which is a key compensating factor.
4. Is the detached garage in good condition?
The listing notes a detached garage but does not detail its condition, size, or features (e.g., power, insulation). This is an important point to verify, as it affects storage and utility.
5. What are the typical maintenance considerations for a home of this age?
Built in 1944, the home’s major systems (roof, plumbing, electrical, foundation) may have been updated over time. A thorough inspection is recommended to understand the condition and age of these critical components, beyond the noted basement renovation.
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