62.2
Fair
Property score
62.2
Fair
Overall 62.2
Larger and newer than most nearby homes
1,168 sqft (top 30%)
Built in 1946 (16 yrs newer than avg)
Located in a above-average income area
with median household income of ~81k
Transit 88.0
1-min walk to transit with 3 nearby routes
Within 500m: 1 school, 4 parks, and 3 place of worships nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Above average
14% larger than neighborhood avg.
Year Built
Above average
16 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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62.2 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: #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
720 Cathedral Avenue — 8 amenities found within 500 m, across 3 categories, including 1 education (nearest 485 m), 4 parks (nearest 342 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 | Top 47% | Top 24% | Bottom 19% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 720 Cathedral Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1946, offers a practical footprint of 1,168 sqft on a standard city lot. Its key features include a functional, unrenovated basement and a detached garage. The appeal lies in its straightforward, no-frills nature and its position as a statistically average-to-above-average property within its immediate Inkster-Faraday neighbourhood. Compared to nearby homes, it offers more living space and a larger lot than many in the area, while its assessed value is modest relative to the wider city.
This home would suit a pragmatic first-time buyer, an investor looking for a rental property, or a hands-on owner comfortable with a home that may require updates over time. It represents an entry point into a mature neighbourhood without the premium price of a fully modernized or larger property. A less obvious perspective is that its "average" metrics within the neighbourhood could signal stability and predictability, potentially insulating it from wild value swings compared to more outlier properties.
Frequently Asked Questions
1. What is the exact recent sold price?
The public data shows a sold price range between $215,000 and $245,000 in May 2017. For the precise figure, you can request it directly via email from the listing source.
2. How does this home compare to others in the area?
Within the Inkster-Faraday neighbourhood, this home ranks above average for living space, lot size, and year built. This means you get a slightly newer and more spacious property compared to many nearby options.
3. What does "basement, not renovated" imply?
It indicates the basement is functional and usable but has not been modernized or finished to current standards. It presents potential for future improvement or offers ample utilitarian storage and mechanical space as-is.
4. Is the assessed value a good indicator of the selling price?
Not directly. The assessed value for municipal taxes is $22,300, which is significantly lower than recent sale prices in the area. Market value is determined by current buyer demand, recent comparable sales, and the home's condition.
5. What are the less obvious considerations with a home from this era?
While built later than many in the area (1946), it still shares common traits of older Winnipeg homes. Buyers should budget for potential updates to systems like wiring or plumbing and consider the energy efficiency of original windows and insulation. The detached garage is a period-typical feature, offering flexibility but requiring a walk outdoors in winter.
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