Property Overview
This 1976 bi-level home at 14 Cadiz Bay offers a unique blend of space, privacy, and established charm. Its primary appeal lies in its exceptionally large, 10,810 sqft lot within the Betsworth area, providing a rare degree of outdoor space and potential in the city. The home features a finished basement, an in-ground pool, and an attached garage. With 1,252 sqft of living space, it presents a solid foundation in a mature neighbourhood.
The property suits buyers looking for a family-friendly outdoor oasis or those with a vision to update a home on a premier lot. Its high percentile rankings for lot size and assessed value within its street and the wider city indicate it's considered a premium property in its locale. A thoughtful perspective is that while the home itself is of average size for the area, the vast lot represents the true asset—offering room for expansion, gardening, or recreation that is increasingly hard to find. It would particularly suit a buyer who values long-term land value over brand-new construction, and who sees the pool and spacious yard as essential for lifestyle rather than just features.
Frequently Asked Questions
1. What is the significance of the high percentile rankings?
The rankings show the property compares very favorably to others. For example, its lot size and assessed value are in the top 5% on its street and top 17-24% in Winnipeg, indicating it is a standout property in terms of land value and municipal assessment.
2. Is the pool a major factor in maintenance?
Yes. An in-ground pool from a home built in the 1970s requires committed seasonal upkeep, winterization, and associated utility costs. It's a fantastic luxury for summer but should be factored in as an ongoing responsibility and cost.
3. What are the considerations with a 50-year-old bi-level?
While offering a desirable layout with a finished basement, a home of this age will likely have original or aging core components. A pre-purchase inspection is crucial to understand the condition of the roof, windows, foundation, and major systems like plumbing and electrical, which may need updating.
4. Who is responsible for the large lot's upkeep?
The homeowner is fully responsible for maintaining the entire 10,810 sqft property. This means significant time or cost for lawn care, landscaping, and tree maintenance, but also offers immense freedom for customization.
5. Does the high assessed value mean the property taxes are high?
Typically, yes. A municipal assessed value of $505,000, which ranks in the top 17% for Winnipeg, generally results in proportionately higher property taxes compared to homes with a lower assessment. The exact tax amount can be verified through the city's tax calculator.