23 Cadiz Bay

Property Overview

This 1976 three-level split home at 23 Cadiz Bay offers a practical layout with a finished basement on a generous 6,299 sqft lot in Betsworth. Its key appeal lies in its established neighbourhood setting and the space afforded by both the lot and the multi-level floor plan. The home presents a solid value proposition, particularly for first-time buyers, small families, or investors seeking a functional property with room to grow or customize over time. Its strongest rankings are in lot size and relative age within its immediate street, suggesting it stands out for outdoor space and is newer than most on its block. A thoughtful perspective is that while the interior living space is modest, the large lot provides valuable expansion potential, whether for gardening, recreation, or future additions. It would suit a buyer comfortable with a home from the 1970s who prioritizes lot size and location over modern finishes and seeks a project they can gradually make their own.

Key Details & FAQs

• Key Characteristics: 1,157 sqft of living space, 3-level split design, finished basement, no garage. Built in 1976.
• Lot Size: A notable 6,299 sqft, which is larger than most in the area.
• Assessment & Value: Municipal assessment is $358,000.

Frequently Asked Questions

1. What does the "ranking" data mean?
It shows how this property compares to others. For example, its lot size ranks in the top 25% across Winnipeg, meaning it's larger than 75% of properties. Conversely, its assessed value is higher than 80% of homes in its community, which may indicate future tax implications.

2. Who is this home best suited for?
It's a practical fit for first-time buyers or those looking to downsize into a manageable footprint with a large yard. The finished basement adds flexible living space. It's also a candidate for investors or handy buyers willing to update a solidly built home from the 1970s.

3. What are the less obvious pros and cons?
A pro is the lot's potential; its size is a rarity. A con is the lack of a garage, which affects storage and parking, especially in winter. The 3-level split design offers separation of living areas but requires navigating stairs.

4. How does the age of the home factor in?
Built in 1976, major components like the roof, windows, and mechanical systems may be at or beyond their typical lifespan. A thorough inspection is crucial. On a positive note, it ranks as newer than most on its street.

5. Is the assessment price a good indicator of market value?
Not directly. Municipal assessments are for tax purposes and can lag behind the current market. It's a baseline figure, and the actual sale price will be determined by market conditions, the home's specific state, and buyer demand.