Property Overview
This 1976-built bungalow at 54 Cadiz Bay offers a unique blend of space, privacy, and established charm. Situated on a large, approximately 10,635 sqft lot in Betsworth, its appeal lies in its generous outdoor space, rare in-ground pool, and fully finished basement, which together provide ample room for family living and entertaining. The home’s key characteristics—including a one-storey layout, attached garage, and 1,381 sqft of living space—suit buyers looking for a move-in-ready property with minimal stairs and a focus on backyard living. Its strong rankings for lot size and assessed value within Winnipeg suggest a property that offers solid substance over flashy updates.
It would particularly suit growing families or multi-generational households seeking a private oasis with room to play and host, or downsizers who value single-level living but aren't willing to compromise on yard size. The mature neighbourhood and 50-year-old build date appeal to those who appreciate established communities and are comfortable with the character and potential maintenance that comes with an older, well-loved home.
Frequently Asked Questions
1. How does the age of the home impact its value and upkeep?
Built in 1976, the home is part of an established neighbourhood with mature landscaping. While major systems like the roof, windows, or furnace may be at or beyond their typical lifespan, the strong assessed value suggests the home has been maintained. Buyers should budget for updates typical of a 50-year-old property but can take confidence in its proven, long-term value within the area.
2. Is the pool a major asset or a liability?
This is a key consideration. For the right buyer, the private, in-ground pool is a premier feature for summer enjoyment and adds a resort-like feel to the large yard. However, it represents ongoing maintenance, insurance considerations, and seasonal opening/closing responsibilities. It's a defining feature that will strongly attract some buyers and deter others.
3. Who benefits most from the fully finished basement?
The finished basement significantly expands the usable living area beyond the 1,381 sqft main floor. This is ideal for a family needing extra space for a recreation room, home office, or guest area. It also adds functional flexibility, potentially offering separation for teens, a home gym, or a hobby space.
4. What do the property rankings actually tell me?
The rankings compare this home to others on its street, in Betsworth, and across all of Winnipeg. They highlight this property's standout features: its lot size is in the top 5% city-wide, and its assessed value is in the top 19%. This indicates you are paying for, and getting, above-average land value and overall property substance compared to the broader market.
5. How does the 2017 sale price compare to today's assessment?
The home sold for $380,000 in late 2017 and now carries a municipal assessment of $492,000. This increase reflects broader market trends and specific improvements made over the past six-plus years. The assessment provides a baseline for municipal taxation, while the current market value will be determined by recent comparable sales and buyer demand.