59 Cascade Bay – Property Summary
Key Characteristics and Buyer Profile
This is a 1,132 sqft home built in 1959, sitting on a notably large 7,305 sqft lot. The property’s main draw is the land: it ranks in the top 8% on its street and top 9% in the Windsor Park neighborhood for lot size, and even citywide it falls in the top 15%. That’s a significantly bigger lot than typical for the area, which gives the property flexibility for future use—gardening, additions, or simply more outdoor space.
The house itself is above average in living area compared to others on Cascade Bay (top 8% on the street), but roughly average and slightly below average when compared to the broader city and neighborhood. The assessed value is below average at $323k, which suggests the home may need some updates or that the building itself is not commanding a premium—even though the lot is desirable.
This property would suit a buyer who prioritizes land over a move-in-ready home. It’s a good fit for someone willing to invest in renovations or expansions, or for a buyer looking for outdoor space in a well-established neighborhood without paying a premium for a fully updated house. It's less suited to someone wanting a turnkey home in a high-value corridor.
Frequently Asked Questions
1. Why is the assessed value below average even though the lot is large?
Assessed value reflects the overall property—land and building. While the lot is above average in size, the home itself is older (1959) and likely has not been updated in ways that significantly raise its assessed value. The house’s condition, size, and features pull the total down relative to neighbors.
2. How does the lot size compare to typical Winnipeg properties?
The lot is 7,305 sqft, which is larger than the citywide average for comparable homes (6,570 sqft). It ranks in the top 15% across Winnipeg, so it’s genuinely spacious even by city standards—not just within this specific street or neighborhood.
3. What does “top 8% on the street” mean for living area?
It means only four homes on Cascade Bay have a larger living area than this one. That doesn’t necessarily mean the house is large overall (1,132 sqft is modest), but within this specific street, most homes are smaller.
4. Is this a good candidate for renovation or adding square footage?
Yes, the large lot gives more room for an addition or a secondary structure than most nearby properties. However, keep in mind the home was built in 1959—older construction may require structural upgrades or bring zoning limitations. A local contractor or architect can give a clearer sense of what’s possible.
5. How does this property compare to the Windsor Park neighborhood overall?
It has more land than 91% of homes in Windsor Park (top 9% for lot size). The living area is slightly above average (top 27%), but the assessed value is below roughly 83% of neighborhood properties. So it’s a classic “good bones, needs work” home in a solid, established area.