Property Summary: 42 Cadiz Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-maintained, single-story home built in 1976, situated on a generous, nearly 6,000 sqft lot in the Betsworth area. Its key appeal lies in its established neighborhood setting and its practical, grounded value. With 1,190 sqft of living space and a finished basement, it offers functional space for a smaller household.
The home’s standout characteristic is its relative age within its immediate surroundings; it is newer than 95% of other homes on its street, suggesting a well-built property among mature peers. Its lot size is also a significant asset, providing ample outdoor space rare for newer subdivisions. The appeal here is not about luxury finishes, but about solid fundamentals: space, a quiet street, and a home that ranks competitively in terms of size and age within its local context.
This property would ideally suit first-time buyers, downsizers, or practical investors looking for a manageable, no-frills home with room to grow outdoors. It’s for someone who values a large yard over a large garage, and who appreciates the character and stability of an established community. The finished basement adds valuable flexible space for a family, a home office, or a recreation room.
Section 2: Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings compare this home against others on its street, in its neighborhood, and across Winnipeg for specific metrics like lot size, age, and value. For example, being newer than 95% of homes on its street is a strong positive, while its value ranking suggests it is priced moderately compared to the wider market.
2. Is the lack of a garage a significant drawback?
For some buyers, yes. It limits secure vehicle storage and workshop space. However, the large lot presents a clear opportunity to add a garage or shed in the future, which could be a worthwhile investment for the right buyer.
3. What are the implications of a 50-year-old home?
While the home is in good relative condition for its age, potential buyers should prioritize a thorough inspection. This can identify the state of major systems like plumbing, electrical, and the roof, which may be nearing or past their typical lifespans and should be budgeted for.
4. How does the finished basement affect living space and value?
It effectively adds usable square footage, making the home feel larger than its main floor footprint suggests. This is a key functional advantage, but it’s important to check the quality of the finish, ceiling height, and ensure it meets local code requirements for egress and moisture control.
5. Who might this property not suit?
It may not suit buyers seeking modern, turn-key homes with contemporary open layouts and high-end finishes. It also may not be ideal for those with multiple vehicles requiring immediate covered parking, or for those who prefer a brand-new home without any potential maintenance projects.