45.3
Below average
Property score
45.3
Below average
Overall 45.3
Smaller than most nearby homes
660 sqft (bottom 8%)
Built in 1940 (10 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 healthcare facilitys, 1 shop, and 5 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
36% smaller than neighborhood avg.
Year Built
Near average
10 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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45.3 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
645 Cathedral Avenue — 12 amenities found within 500 m, across 5 categories, including 1 dining (nearest 310 m), 2 healthcare (nearest 300 m), 1 shopping (nearest 324 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%
Local garbage, recycling, and yard waste pickup schedule for 645 Cathedral Avenue.
Garbage
thursday
Recycling
thursday
Yard Waste
thursday b
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 31% | Top 50% | Bottom 10% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 645 Cathedral Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1940, situated on a notably generous lot for the Inkster-Faraday neighbourhood. With 660 square feet of living space, the home is significantly smaller than most in the city, positioning it as a minimalist or entry-level option. Its key practical features include a renovated basement and a detached garage.
The primary appeal lies in its efficient scale and the potential of its land. The property sits on a 4,556 sqft lot, which ranks well above average for the immediate area, offering valuable outdoor space or future expansion potential rare for the neighbourhood. With a very modest assessed value, it presents a low barrier to entry into the housing market. This home would suit first-time buyers, investors seeking a rental property with a manageable footprint, or downsizers looking for a simple, low-maintenance living arrangement without sacrificing yard space. Its value is pragmatic, rooted in land ownership and basic shelter rather than square footage or modern finishes.
Frequently Asked Questions
1. How recent was the basement renovation, and what was included?
The listing confirms the basement is renovated but does not specify the date or scope. This would be a key question for the seller to understand the quality of the update and if it includes a legal suite or additional living space.
2. What is the condition of the major systems (roof, wiring, plumbing, furnace) given the home's age?
Built in 1940, the age of these critical components will significantly impact both livability and investment. An inspection is highly recommended to identify any needed updates or urgent repairs.
3. How does the very low assessed value impact property taxes?
A lower assessed value typically results in lower municipal property taxes, which is a financial advantage for the owner. However, it's important to confirm the current tax amount, as assessments are just one factor.
4. Is the generous lot size subdividable or suitable for an addition?
The above-average lot is a major feature. Buyers should consult with the city's planning department to understand any zoning restrictions or opportunities for adding a suite, garage, or expanding the home.
5. The last recorded sale was in 2017. Why is the assessed value now lower than that sold price range?
The sold price range for 2017 ($17.5k-$20.5k) is close to the current assessed value ($19.3k). This consistency suggests a stable, low-value property. The assessment may reflect market conditions, specific property characteristics, or the outcome of a formal assessment appeal.
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