Property Summary: 31 Cadiz Bay, Winnipeg
Key Characteristics & Appeal
This is a well-established, two-storey family home in the Betsworth area, built in 1976. It sits on a generous, mature lot of over 6,100 square feet, offering ample outdoor space. With 1,840 square feet of finished living space and a developed basement, it provides practical room for daily life and growth. The home's standout appeal lies in its strong relative value within its immediate surroundings. It ranks in the top tier of its street for lot size, modernity, and living area, meaning it outperforms most direct neighbors on these key metrics. This creates a compelling proposition: a home that feels premium on its block without a premium price tag. It would suit buyers looking for a move-in ready, spacious home in a settled neighborhood, particularly those who value a large yard and the stability of an established community over a brand-new build. A thoughtful perspective is that while the home is 50 years old, its high ranking for "newness" on its street suggests the surrounding homes are of a similar or older vintage, offering consistent neighborhood character and possibly fewer issues with drastic property value disparities or incompatible new developments.
Frequently Asked Questions
1. What does the ranking system mean?
The rankings compare this home against others on the same street, in the wider community, and across all of Winnipeg. For example, ranking in the "top 5%" for living area on its street means 95% of houses on Cadiz Bay are smaller. It's a quick way to gauge how this property stacks up in various categories.
2. Is the basement included in the 1,840 sqft living area?
Typically, in such listings, the main "living area" refers to above-ground, finished space. This home has a developed basement, which adds additional usable square footage beyond the stated 1,840 sqft.
3. The home is 50 years old. What should I consider?
While the structure is mature, the rankings indicate it is newer than most on its street. A pre-purchase home inspection is essential to assess the condition of major aging components like the roof, windows, plumbing, and electrical systems, which may be due for updates or replacement.
4. How does the assessment value relate to the likely selling price?
The municipal assessment of $445,000 is for tax purposes and is a historical snapshot. The market sale price is determined by current buyer demand, recent sales of comparable homes, and the property's condition. It can be higher or lower than the assessed value.
5. What is the neighborhood like?
Being in the Betsworth area, it offers a classic Winnipeg suburban feel with mature landscaping and larger lots. The high rankings for lot and home size on this specific street suggest a quiet, established setting with homes of similar scale, which often appeals to families seeking space and privacy.