3 Cascade Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 1,040 sqft home built in 1959 on a 6,751 sqft lot in Windsor Park, Winnipeg. The living area is slightly below the citywide average for comparable homes, but the lot size stands out significantly—ranking in the top 20% on the street, top 16% in the neighbourhood, and top 19% citywide. That’s the property’s strongest asset.
The assessed value is $343,000, which is below the average on Cascade Bay and below the citywide average of $390,100. The home itself is about average for its era, but the land holds more potential than the structure suggests.
This property would suit buyers who value outdoor space over interior square footage—people looking for a solid lot in a stable, mid-tier neighbourhood where they might renovate, build an addition, or eventually redevelop. It’s less suited for someone wanting a move-in-ready home with contemporary finishes, and more for those who see the land as the primary investment. Windsor Park is a well-established area with older homes, and this property fits that character without being an outlier.
Frequently Asked Questions
1. How does this property compare to others on Cascade Bay specifically?
It’s roughly average in living area and age, but the lot is larger than most on the street (ranked 10th out of 50). The assessed value is below the street average, which may reflect the home’s condition or interior finish more than the land.
2. What does the lot size mean for potential renovations or additions?
At 6,751 sqft, the lot is above average for the neighbourhood and city. That leaves room for a garage, workshop, garden, or a future addition, depending on zoning. It’s worth checking local setback and lot coverage rules before planning major changes.
3. Is the assessed value a reliable indicator of market value?
Assessed value is a benchmark used for property taxes, not a direct market estimate. In this case, the below-average assessment could mean the home needs updates or has less interior space, but the land itself may carry more value than the assessment suggests—especially given the lot ranking.
4. How does the 1959 build year affect maintenance or insurance?
Homes from this era often have original mechanical systems, windows, or insulation that may need attention. Buyers should budget for potential upgrades. Insurance premiums can be slightly higher for older homes, but given the average age in Windsor Park (1961), this isn’t unusual for the area.
5. What kind of neighbourhood is Windsor Park?
It’s a mature, mid-tier residential area with mostly post-war housing. The property ranks around the middle of the neighbourhood for living area and assessed value, so it fits the local norm fairly closely. It’s not a luxury pocket, but it’s stable and established, with reasonable access to amenities.