25 Cascade Bay – Property Summary
1. Key Characteristics & Buyer Profile
This property sits on an exceptionally large lot—12,082 sq ft—ranking in the top 2% on its street, top 1% in the Windsor Park neighbourhood, and top 3% citywide. The house itself is 1,040 sq ft, slightly above street average but below the city median. Built in 1959, it’s typical of the area's postwar housing stock.
The standout feature is the land. For someone who values outdoor space, gardening, or room to expand, this property offers what most nearby homes cannot: roughly double the average lot size for the area. The assessed value ($398,000) is strong relative to the immediate street and neighbourhood—ranking top 4% and 9% respectively—reflecting that premium.
Where the property may not appeal is to buyers seeking modern finishes, a larger interior footprint, or a home that's already been fully updated. The house itself is modest and likely needs some work. This is a trade-off: a smaller, older home on an exceptional piece of land.
Best suited for: Buyers who prioritize land value over interior space, and who are open to renovation or rebuilding. Also a strong fit for someone looking to hold land in a stable, older neighbourhood where large lots are rare.
2. Frequently Asked Questions
1. How does the lot size compare to other homes in Windsor Park?
This lot is nearly twice the neighbourhood average (6,030 sq ft) and ranks 7th out of 3,307 properties in Windsor Park. It’s among the largest residential lots in the area.
2. Is the property a tear-down or can it be lived in as-is?
The home is structurally from 1959 and shows average condition for its age. It’s livable, but a buyer should expect updates. Longer-term, the lot value likely exceeds the home value, making a rebuild a realistic consideration.
3. What does the assessed value tell me about taxes?
The assessed value of $398,000 is used to calculate property taxes. It's above the street and neighbourhood averages, but close to the citywide average. While taxes will be higher than on a typical home in Windsor Park, the gap isn’t extreme given the lot size.
4. Why is the interior square footage only “average” while the lot is exceptional?
This is common in older neighbourhoods where original homes were built modestly on large plots. The house was constructed to a standard floor plan of its era. The value here is in the land, not the structure.
5. What’s the upside for a buyer?
The main upside is scarcity. Large, well-located lots in established Winnipeg neighbourhoods are rare. Whether you renovate, build new, or simply hold, the land itself offers long-term potential that a typical home on a standard lot does not.