10 Cadiz Bay

Property Overview & Key Characteristics

10 Cadiz Bay is a well-established bi-level home in Winnipeg's Betsworth area, offering a practical layout on a generous, nearly 7,000 sqft lot. Built in 1975, the 924 sqft home features a finished basement, contributing to its livable space. Its appeal lies in its balance of space and value, presenting a solid opportunity in a mature neighbourhood. The property ranks highly for its lot size within Winnipeg, indicating a premium outdoor space relative to many city homes, while its interior space is more modest and functional.

This home would suit first-time buyers or downsizers seeking a manageable property with a large yard for gardening, pets, or future expansion. It's a practical choice for those who value land over a large interior footprint and are comfortable with a home that offers good value but may require updates reflective of its era. A thoughtful perspective is that the high lot-size ranking suggests future potential, whether for personal enjoyment or as a long-term asset, in a neighbourhood where such spacious plots are becoming less common.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this property to others in its immediate street, wider community, and all of Winnipeg. For example, its lot size ranks in the top 17% city-wide, meaning it's larger than 83% of Winnipeg properties. Conversely, its living area is smaller than most, ranking in the top 78% (only larger than 22% of homes).

2. Is a bi-level layout suitable for me?
Bi-levels typically feature living areas on one upper level and bedrooms on a lower level, separated by a short flight of stairs. This layout offers good separation of space but may not be ideal for those seeking single-level living or who have significant mobility concerns.

3. What are the implications of the 1975 build year?
Homes from this era may have original components, like windows, roofing, or mechanical systems, that are nearing or past their typical lifespan. A thorough inspection is advised to budget for potential updates, though the structure itself benefits from decades of settling.

4. There's no garage. How big of a drawback is this?
For some buyers, a garage is essential for vehicle protection, storage, or as a workshop. The large lot does offer potential for adding a shed or future garage (subject to bylaws), which could be a worthwhile investment for the right buyer.

5. The assessment is $382,000. Is that the sale price?
No. The assessed value is for municipal tax purposes. The sale price is determined by the market and can be higher or lower based on condition, recent upgrades, and current buyer demand.