58 Cadiz Bay

Property Overview

This two-storey home in Betsworth offers a practical and established living environment. Built in 1976, it sits on a generous 5,763 sqft lot and features 1,456 sqft of living space, including a finished basement. The home comes with an attached garage and has a recent sale history, having transacted in August 2022.

Key Characteristics & Appeal

The primary appeal of this property lies in its space and established neighborhood setting. The above-average lot size provides ample outdoor room for gardening, play, or expansion, a notable advantage in mature communities. With a finished basement, the functional living space extends beyond the main square footage, offering flexibility for recreation, a home office, or guest accommodation. Its recent resale suggests it's been a viable and maintained home in the current market.

This home would suit a buyer looking for a solid, no-frills property in a long-established area. It's well-matched for first-time buyers seeking a manageable entry into homeownership with some room to grow, or for downsizers who value a single-family home with a good yard but without the premium of a newer build. The rankings indicate it offers more interior space than many homes in Winnipeg, providing relative value for its footprint.

Potential Buyer FAQs

1. What does the "finished basement" include?
The listing confirms the basement is finished, meaning it has been developed into livable space. Viewing the property or requesting details from the listing agent is necessary to understand the specific layout, room types, and finish quality.

2. How does the 1976 build year affect the home?
A home of this age typically has mature landscaping and is located in a settled neighborhood. Buyers should budget for potential updates to major aging components, such as the roof, windows, or HVAC system, which may be nearing the end of their service life. A thorough home inspection is highly recommended.

3. What is the significance of the lot size ranking?
The data shows the land size ranks highly within its own street, meaning it's one of the larger lots in the immediate area. This can be a long-term advantage for privacy, outdoor use, and potentially for future property value.

4. The community ranking for "size" is lower. What does that mean?
While the home's interior space is above average for Winnipeg, it ranks as more average within the wider Betsworth community itself. This suggests the immediate neighborhood may have a mix of larger and more compact homes, placing this property in the middle range locally.

5. Why is there a difference between the 2022 sale price and the current assessed value?
The assessed value ($406,000) is a municipal valuation for tax purposes, often lagging behind the current market. The 2022 sale price ($445,000) is a historical market transaction. A property's current market value is determined by present-day supply, demand, condition, and comparable sales, not directly by either of these past figures.