Property Overview: 47 Cail Bay, Winnipeg
Key Characteristics & Appeal
This home at 47 Cail Bay in the Mandalay West neighbourhood presents a solid, above-average offering in terms of space and lot size. Its primary appeal lies in its generous 1,679 sqft living area, which ranks within the top 17% of homes on its own street and the top 22% city-wide, providing more room than the typical Winnipeg home. The lot is a notable feature at 6,872 sqft, placing it well above average for both the wider city and the Mandalay West area, offering ample outdoor space.
Built in 1979, the home is among the older on its street, which may suggest a neighbourhood with mature character and landscaping, but also indicates a greater likelihood of past updates or future maintenance considerations. Its assessed value is consistently above average across all comparison levels, reflecting its substantial size and lot.
This property would suit buyers prioritizing interior and yard space over a newer build. It’s ideal for families or those who value room to grow and entertain. The data suggests it’s a sizeable, established home in a neighbourhood of varied ages, appealing to a practical buyer who sees potential in space and location, and is prepared for the stewardship of a nearly 50-year-old property.
Frequently Asked Questions
1. How does the home’s age impact its value?
While older than most on its street, the home’s assessed value and recent sold prices remain strong, indicating that its larger living area and lot size are significant value drivers that offset its age.
2. Is the lot size usable, or is it an irregular shape?
The lot is significantly larger than the city and neighbourhood average. A review of the neighbourhood map analysis (linked on the detail page) is recommended to confirm its dimensions and layout.
3. What might the sold price ranges indicate about the market?
The sold price ranges from 2021 and 2022 show the home consistently selling above the average for its area, underscoring a market recognition of its premium space. The exact sold prices are available upon request.
4. Are the systems and roof likely original?
Given the 1979 build date, major components like the roof, windows, furnace, and plumbing may have been replaced. An inspection would be crucial to determine the age and condition of these systems.
5. How does this home compare to others with the same assessed value?
The listing shows several homes in nearby Elmhurst with identical assessed values. This suggests 47 Cail Bay offers a competitive package for its valuation, but with the trade-off of an older build date compared to potentially newer homes in other areas.