12 Cascade Bay – Property Summary
Key Characteristics & Appeal
This is a 1960 bungalow with 884 square feet of living space on a 5,357-square-foot lot in Windsor Park, Winnipeg. Its standout feature is the build year: it’s the oldest home on Cascade Bay (ranked 1 out of 50), which is unusual in a street of mostly similar-era houses. That gives it an “elite” vintage ranking at the street level, though it’s roughly average within the broader neighbourhood and city.
The assessed value of $360,000 is essentially on par with the street average, slightly above the neighbourhood average, and below the citywide average for comparable homes. Living area runs smaller than typical for its street, neighbourhood, and city, while the lot is also on the small side locally but closer to average citywide.
Where the appeal lies: This property suits a buyer who values an established, older home in a consistent post-war neighbourhood, without paying a premium for rarity. It’s not a standout in size or land, but its value lines up with what you’d expect—no obvious over- or under-pricing relative to nearby homes. The street-level ranking as the oldest house might appeal to someone looking for original character or a renovation project in a stable block, rather than a move-in-ready, modernized home.
Who it suits: First-time buyers or downsizers comfortable with a compact footprint who prioritize location and lot over square footage. Also, buyers interested in a home with potential to add value through updates—the age suggests original features may still be intact, and the assessed value doesn’t already reflect a major renovation.
Frequently Asked Questions
1. Is this home considered small for the area?
Yes. At 884 sqft, it’s below the street average of 1,011 sqft and the neighbourhood average of 1,091 sqft. It ranks 42nd out of 50 homes on Cascade Bay for living area, so it’s among the smaller units on the street.
2. How does the lot size compare?
The lot is 5,357 sqft, which is below both the street average (6,300 sqft) and the neighbourhood average (6,030 sqft). However, it’s close to the citywide average for comparable homes (6,570 sqft), so it’s not unusually small by broader standards.
3. Why is the “year built” ranked so high if it’s just 1960?
The ranking compares homes on the same street. Many houses on Cascade Bay were also built around 1959–1960, so being the oldest by a narrow margin still lands the top spot. At the neighbourhood and city level, 1960 is actually around average.
4. Does the assessed value suggest the home is overpriced?
Not necessarily. The assessed value of $360,000 is slightly above the street average of $356k and the neighbourhood average of $354k, but below the citywide average of $390k for comparable homes. It’s in line with local norms—not a bargain, but not inflated either.
5. What kind of updates or issues might come with a 1960 home?
That depends on what’s been done already, but typical considerations include aging mechanicals (furnace, electrical, plumbing), original windows, and potential for insulation or foundation updates. The compact layout may also limit expansion without structural changes. A home inspection would clarify what’s original and what’s been replaced.