Property Overview
This 1976-built, single-story home at 22 Cadiz Bay offers a practical and established living option in Winnipeg's Betsworth area. Its key appeal lies in a combination of solid fundamentals and relative value. The 1,176 sqft home sits on a large, 6,345 sqft lot and features a finished basement and an attached garage. Market data indicates it performs well in several key metrics: it's newer than most homes on its street, and its last sale price in 2022 ranks in the top 30% for the neighborhood, suggesting a history of holding value.
The property would suit first-time buyers or downsizers looking for a manageable, single-level layout in a mature community. Its above-average lot size offers potential for gardening, expansion, or simply more private outdoor space than is typical. A thoughtful perspective is that while the home's size ranks around the middle locally, its stronger rankings in lot size, age, and recent sale price suggest the property may offer a better-than-average "land-to-structure" ratio and a well-kept condition for its era. It’s a home for buyers who prioritize a quiet, established street and the potential of the land over a large interior footprint.
Frequently Asked Questions
1. What does the "finished basement" include?
The listing confirms a finished basement but does not specify the finish quality, rooms, or ceiling height. This would be a key point to clarify with the seller or agent to understand the true liveable space.
2. How does the 2022 sale price relate to the current assessment?
The home sold for $486,000 in July 2022, which is significantly above the current assessed value of $423,000. This is not uncommon, as assessments can lag the market. It’s more important to look at current market comparables to gauge today's value.
3. The home is 50 years old. What should I be aware of?
While the home ranks as newer than most on its street, a 1976 build means crucial systems like roofing, plumbing, electrical, and the furnace are likely at or beyond their typical lifespans. A thorough inspection is essential.
4. What is the significance of the lot size?
At over 6,300 sqft, the lot is substantially larger than many in urban Winnipeg. This provides more yard space and may offer future potential (like a garden suite, subject to zoning) that smaller lots do not.
5. The 2017 sale shows a negative street ranking. What does that mean?
The "-5% / 105%" ranking for the 2017 sale is a statistical anomaly because the sale price was compared to a very small sample (22 homes) on the street. It simply indicates that price was lower than the calculated average for that specific street at that specific time, and its broader neighborhood and city rankings from that sale are more meaningful.