12 Cypress Bay – Property Summary
Key Characteristics & Buyer Fit
This is a 1,041 sqft single-family home in Windsor Park, Winnipeg, built in 1958 on a 6,396 sqft lot. Its assessed value is $368,000.
The property’s main draw is its land. The lot is larger than average for the neighbourhood (ranked in the top 23%) and citywide (top 24%). In a market where many comparable homes have smaller yards, this offers genuine outdoor space and potential for future expansion or landscaping. The living area, however, is below the street average of 1,587 sqft, meaning the house itself is smaller than most others on Cypress Bay. The assessed value lands near the middle of the pack citywide but is notably lower than the street average of $583,500, reflecting the trade-off between a bigger lot and a smaller home.
This property would suit buyers who prioritize land and outdoor potential over square footage. It’s a good fit for someone who doesn’t mind a modestly sized house now but wants room to grow—or for buyers who value a spacious yard for gardening, pets, or recreation. It’s less suited for someone seeking a large, move-in-ready home or a house that’s newer or fully updated. The 1958 build date means it’s older than the street average (1980), so maintenance history and updates will matter.
Five Possible FAQs
1. How does the lot size here compare to other homes in Windsor Park?
The lot is above average for the neighbourhood—ranked #769 out of 3,307 properties (top 23%). At 6,396 sqft, it’s larger than the neighbourhood average of 6,030 sqft and the citywide average of 6,570 sqft, though it sits slightly below the street average for Cypress Bay.
2. The assessed value seems low for the street—why?
The street average assessed value is $583,500, while this property is assessed at $368,000. That gap likely reflects the smaller living area (1,041 sqft vs. 1,587 sqft street average). The home is older than many others on the street as well. Value is being held by the land, not the house itself.
3. What does “below average” mean for living area on this street?
It means the house ranks #47 out of 63 comparable homes on Cypress Bay—among the smaller 25% for living space. If you need a lot of interior room right away, this may feel tight. But the ranking doesn’t account for layout or usable unfinished space.
4. Is the house original from 1958, or has it been renovated?
The data only shows the year built. There is no information here about renovations, updates, or condition. A 1958 home could have updated wiring, plumbing, windows, or insulation—or it could need significant work. This would need to be verified through an in-person viewing and inspection.
5. How does this property sit relative to the rest of Winnipeg?
Citywide, it’s around average for assessed value (top 48%) and year built (top 61%). The living area is slightly below the city average of 1,342 sqft, though not dramatically so. The standout is land: top 24% citywide, meaning relatively few single-family homes in Winnipeg offer a lot this size.