38 Cadiz Bay

Property Overview: 38 Cadiz Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This is a well-maintained, single-story home built in 1976, offering a practical and comfortable living space of 1,262 sqft on a generous, nearly 6,000 sqft lot. Its key appeal lies in its established Betsworth neighborhood setting and its relative value within the broader Winnipeg market. The home features a finished basement, adding to its usable space.

The property’s competitive positioning is nuanced. While its interior size and assessed value rank it solidly in the middle tier for its immediate area, it stands out for its larger-than-average lot and its age—it is notably newer than most homes on its street. This combination suggests a home that has been updated over time within a mature, stable community.

This home would best suit first-time buyers, downsizers, or value-oriented investors seeking a manageable, single-level layout without the upkeep of a large yard. It’s for those who prioritize a sense of space and light (afforded by the lot size) and community stability over brand-new finishes or premium street rankings. The finished basement also offers flexibility for a growing family, a home office, or a rental suite (subject to regulations).

Section 2: Frequently Asked Questions

1. What does the "ranking" data actually mean?
The rankings compare this home to others in its immediate street, wider neighborhood, and all of Winnipeg. For example, being newer than 95% of homes on its street is a significant advantage, indicating less immediate concern for major age-related repairs compared to neighbors.

2. Is the lack of a garage a major drawback?
For some buyers, yes. However, the very large lot presents a clear opportunity to add a detached garage or a substantial parking pad, which could add future value—a point to consider for handy buyers or those with a longer-term plan.

3. The assessed value ranks lower than the physical size of the home. Why might that be?
This can indicate that the home’s finishes, features, or specific condition are more modest compared to other similarly sized homes in the area. It underscores the importance of a viewing to see if the home offers "good bones" and potential, or if it requires more updating than average.

4. Who would find the finished basement most valuable?
Beyond extra living space, it’s a key asset for work-from-home professionals needing separation, families wanting a dedicated play or teen space, or anyone considering a potential income suite (with necessary permits).

5. What is the main takeaway from the lot size being its strongest ranking feature?
It highlights that the property's long-term value may be more in its land than in its current structure. This appeals to buyers who enjoy gardening, outdoor living, or who see the potential for future expansion or landscaping projects that smaller lots cannot accommodate.