50 Cadiz Bay

Property Overview

This is a well-established, single-story home in Betsworth, built in 1976. Its primary appeal lies in offering generous space and a strong sense of privacy on a large, mature lot. With over 1,380 sqft of living space plus a finished basement, it provides practical room for a family or for hosting. The nearly 8,500 sqft lot is a standout feature, offering significant outdoor space that is increasingly rare, perfect for gardening, recreation, or future expansion.

The home’s competitive rankings reveal its nuanced position: while its age places it among the newer homes on its street, its lot size and overall value rank it highly against most of Winnipeg. This suggests a property that balances established neighborhood character with above-average space. It would particularly suit buyers looking for a solid, no-frills home with room to grow, who value a large yard over a brand-new build, and who appreciate a home that has already seen substantial equity growth since its last sale.

Key Questions for Consideration

1. What is the true value of the large lot?
Beyond the obvious space for play or pets, a lot of this size (over 8,400 sqft) offers long-term flexibility. It provides exceptional privacy from neighbors, potential for landscaping projects, garden suites (subject to zoning), or simply the preservation of green space in the city.

2. Given its age, what major systems might need attention?
A home built in 1976 is likely to have had several key components updated. Inquiries should focus on the age and condition of the roof, windows, furnace, and major appliances. The fact that the basement is finished is a plus, but it's wise to check for any updates to foundational waterproofing or insulation.

3. How does the 2020 purchase price relate to today's value?
The home was purchased for $365,000 in 2020 and is now assessed at $433,000. This indicates strong market growth and suggests the owners have realized solid equity. For a buyer, it underscores the established value in the area but also means setting expectations that the current market price will reflect this appreciation.

4. What is the neighborhood feel and convenience like?
While the data shows it ranks well within Betsworth and Winnipeg, visiting at different times of day is advised. Consider traffic patterns, proximity to schools, transit routes, and local amenities to see if the lifestyle matches your needs. Mature neighborhoods often have well-developed tree canopies and settled communities.

5. What are the implications of a "finished" basement?
A finished basement adds valuable living space, but it’s important to understand the nature of the finish. Is it a professional renovation or a DIY project? Check for proper ceiling height, moisture control, adequate heating, and necessary permits, as these factors affect both livability and future value.