46 Cadiz Bay

Property Overview

This 1976-built, one-storey home on a large 6,348 sqft lot in Betsworth presents a solid, value-oriented opportunity. Its key appeal lies in its generous land size—ranking in the top third of its street—and its well-maintained age, as it is newer than 95% of homes on the same block. The 1,176 sqft living space is supplemented by a finished basement, offering functional space for a growing family or hobbyist. With an assessed value of $398,000 and a 2019 sale at $345,000, it sits in a competitive middle range for Winnipeg, surpassing about 65% of city homes in assessed value.

This property would suit first-time buyers or downsizers looking for a manageable single-level layout on a quiet street, with the lot size offering future potential. It also appeals to the practical buyer who values a home that has been consistently maintained over nearly 50 years, seeing past the basic finishes for the underlying stability and established neighbourhood character it represents.

Frequently Asked Questions

1. How does the home's age impact its value?
While 50 years old, the data shows this home is newer than most on its street (top 5%), which can be a positive in an established area. Buyers should focus on the quality of upkeep and systems updates rather than the year alone.

2. Is the lot size a major advantage?
Yes. At over 6,300 sqft, the lot is larger than 68% of those on the street, providing above-average outdoor space, privacy, and potential for additions or landscaping—a key differentiator.

3. Who might this home not suit?
Those seeking modern, open-concept interiors or move-in-ready luxury may find the original layout and finishes require updating. It's best for buyers with a vision for gradual improvement.

4. What do the rankings and "blood bar" mean?
They are visual competitive rankings for key metrics (like lot size, age, value) against nearby homes. A longer bar/higher percentage means the property scores better in that specific comparison within its immediate area.

5. How does the 2019 sale price relate to today's asking price?
The 2019 sale at $345,000 and the current $398,000 assessment give a benchmark for market movement. It suggests steady appreciation, but the final price will depend on current condition, updates, and market dynamics.