7 Cascade Bay – Property Summary
1. Key Characteristics & Appeal
This is a 1,040 sqft home built in 1959, sitting on a 5,879 sqft lot in Windsor Park. The numbers tell a straightforward story: the house is close to the average size for its street and neighbourhood, but below average for the city as a whole. The assessed value is $334,000—lower than the street, neighbourhood, and city averages, which keeps property taxes relatively moderate.
The lot is slightly smaller than the street and city averages, though it still lands in the top third city-wide. The home’s age aligns closely with the surrounding street and neighbourhood, meaning you’re not looking at an outlier among its immediate neighbours.
Where the appeal lies: this property won’t stand out in square footage or land size, but it offers a solid, middle-of-the-road entry point into a stable, established area. The lower assessed value compared to nearby homes may appeal to buyers looking for a more affordable tax burden. The home's age and size suggest it could be a good candidate for someone wanting to add value through updates rather than paying a premium for a fully finished house.
Best suited for: first-time buyers looking for a reasonable entry into a mature neighbourhood, or buyers who plan to renovate and build equity over time. It could also work for someone downsizing who doesn’t need maximum space but wants a single-family home with a manageable yard.
2. Frequently Asked Questions
1. How does this home compare to others on the same street?
It’s roughly average in size and age, but its assessed value is below the street average. That means you’re likely paying less in taxes than most of your immediate neighbours for a comparable footprint.
2. Is the lot size a concern?
At 5,879 sqft, it’s slightly smaller than the street and city averages, but still larger than half the lots in the Windsor Park area. For most buyers, the difference won’t be noticeable day-to-day, unless you’re specifically looking for a very deep or wide lot.
3. What does the assessed value actually tell me?
The value is based on municipal assessment for tax purposes, not market value. A lower assessment means lower property taxes, but it doesn’t necessarily mean the house will sell for less—it’s just one data point. Buyers should still look at recent comparable sales in the area.
4. How old is the home, and should I expect major updates?
Built in 1959, it’s typical for the neighbourhood. Homes from this era often need updates to insulation, windows, electrical, or plumbing, depending on what’s been done. The age itself isn’t a red flag, but a home inspection is recommended to understand what’s original and what’s been modernized.
5. How does this property compare to the rest of Winnipeg?
It sits in the middle range for most metrics—size, age, and value are all near or slightly below city averages. What stands out is the land area ranking (top 35% city-wide), which is the strongest comparative figure here. For someone who values a decent yard without paying a premium, that’s worth noting.