2 Cascade Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 1,040 sqft home built in 1960 on a 6,748 sqft lot, with an assessed value of $381,000. Its standout feature is the land: the lot is larger than 78% of properties citywide and ranks in the top 16% within the Windsor Park neighbourhood. The assessed value is above average both on the street and in the area—ranking 7th out of 50 homes on Cascade Bay—though it sits right around the citywide median. The living area is slightly below the city average but consistent with nearby homes.
The appeal here is fairly straightforward: you get a good-sized lot in an established neighbourhood, with a home that isn't oversized but sits on land that offers flexibility. For buyers who value yard space, gardening, or potential for future additions, the lot is the real draw. The year built (1960) puts it among the older homes on the street, which may appeal to those looking for character or a more established streetscape, but it's typical for the broader neighbourhood.
This property would suit buyers who are less concerned with a large interior footprint and more focused on outdoor space or long-term property value tied to land. It could also work for someone willing to renovate or expand, given the lot size relative to the house. It's less ideal for anyone wanting a move-in-ready home with generous square footage or a newer build.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
The assessed value of $381,000 is above the street average of $356k and the neighbourhood average of $354.2k, ranking in the top 20% locally. Citywide, it's close to the median.
2. Is the living area small for this area?
At 1,040 sqft, it's slightly above the street average of 1,011 sqft but below the citywide average of 1,342 sqft. It's typical for Windsor Park, where many homes from the same era are similarly sized.
3. Why is the lot size significant?
The 6,748 sqft lot ranks in the top 19% citywide and top 16% in the neighbourhood. That's noticeably more land than many comparable properties, which often sit on lots around 6,000 sqft. This could matter for expansion, landscaping, or simply having more outdoor room.
4. How old is the house, and does that matter?
Built in 1960, it's one of the older homes on Cascade Bay (ranked #1, meaning it's the oldest on the street). In the Windsor Park area, 1960 is close to the neighbourhood average, so it's not unusually old for the context. The age may affect insulation, wiring, or layout, which a home inspection would clarify.
5. What kind of buyer typically looks at this property?
Usually someone who prioritizes lot size over interior square footage, or who wants to be in an established area with mature trees and larger yards. Investors or renovators also tend to look at properties like this, given the land-to-building ratio.