Property Overview: 58 Cail Bay, Winnipeg
Key Characteristics & Appeal
This home at 58 Cail Bay in Mandalay West is defined by a standout feature: its exceptionally large lot. At over 12,500 square feet, the land size ranks in the top 2-3% compared to homes on its street, in its neighbourhood, and across Winnipeg. This presents a rare opportunity for a property of this scale in the city. The house itself, built in 1983, is of average size for the area at just under 1,200 sqft and carries an assessed value in line with local norms.
The primary appeal lies in the land itself. It suits buyers with a vision for outdoor space—whether for extensive gardening, recreational areas, future expansions like a garage or workshop, or simply enjoying private, generous grounds. The home offers a solid, modestly-sized foundation in a well-established neighbourhood. It would particularly suit a handy buyer or one planning gradual updates, as the value proposition is heavily weighted toward the lot's potential rather than a turn-key, modern interior. It’s a property for those who prioritize space and possibility over immediate move-in perfection.
Frequently Asked Questions
1. Is the large lot usable, or is it an odd shape?
While the listing confirms the size, it's always wise to verify the lot's dimensions and topography. A large lot is a major asset, but its practical use depends on its shape and any easements.
2. How does the sold price range compare to the assessed value?
The home sold in 2024 for an estimated $400k-$450k, which is significantly higher than its $43,700 assessed value. This is common, as assessed value for tax purposes often lags behind market value. The sale price reflects what buyers were recently willing to pay for this specific property.
3. The living area is below average for the street. Is the house too small?
At 1,198 sqft, it is smaller than many neighbours. This is a key consideration for growing families or those needing ample indoor space. However, for some buyers, a smaller, efficient home on a massive lot is the ideal trade-off.
4. What does the "Elite" ranking for land area actually mean?
It means this property's lot size is larger than approximately 97-99% of comparable properties in its broader comparison groups. It's a statistically rare find in Winnipeg for a standard residential lot.
5. The home was built in 1983. What should I expect regarding updates?
Homes from this era may have original components nearing the end of their service life, such as roofs, windows, or major mechanical systems. A thorough inspection is essential to understand the condition and budget for any necessary updates or maintenance.