Property Overview: 19 Cypress Bay

This 1,254 sqft single-family home sits on an 8,949 sqft lot in Windsor Park, built in 1957. The property’s standout feature is its land—comfortably larger than most homes on the same street, and well above both the neighbourhood and city averages. For someone who values outdoor space, gardening, renovation potential, or future expansion, this lot offers flexibility that many nearby listings lack.

The home’s assessed value sits at $448,000, which is notably strong within the Windsor Park area (top 2%), though more moderate compared to its own street and the city as a whole. The interior size is close to the street average and on par citywide, but inside the neighbourhood it’s a clear advantage. The home is older—built in 1957—which could mean it has original character or needs updates depending on its care. Buyers will want to factor in potential maintenance, but the land value and location within a stable, tree-lined street with solid community rankings make it an interesting candidate.

Who might this suit? People open to a renovation or a long-term hold who care more about land than square footage. It could also work for someone looking to downsize from a larger home but still wants generous yard space. Not the best fit if you want something move-in ready with modern finishes or a newer build.

FAQs

1. How does the property’s land size actually compare to other homes for sale nearby?
The lot is 8,949 sqft—top 9% across Winnipeg, top 3% in Windsor Park, and top 22% on Cypress Bay itself. That’s unusually large for the neighbourhood, where typical lots hover around 6,000 sqft.

2. Is the assessed value in line with what similar homes sell for?
The city assessment is $448,000, which places it above average for Windsor Park and the city, but below the street average of $583,000. Sale prices can differ from assessed values, so it’s worth checking recent sales in Cypress Bay for a more accurate picture.

3. The home was built in 1957—what should a buyer know about its age?
Older homes often have solid construction but may need updates in plumbing, electrical, insulation, or windows. The build year is earlier than most on the street (average 1980), though fairly typical for Windsor Park (1961) and the city (1966). A thorough home inspection is recommended.

4. Does the smaller living area relative to the lot affect resale potential?
Not necessarily. In a market where land is increasingly valued, homes on larger lots—especially in established neighbourhoods—can hold their value well. Some buyers may even see the smaller footprint as an opportunity to renovate or add square footage, depending on zoning.

5. How does Windsor Park compare to surrounding neighbourhoods in terms of property stability?
Windsor Park is a well-established, family-oriented area with a mix of older and updated homes. Land values here have held up reasonably well over time, and the community ranking (top 2% for property assessments) suggests strong local demand relative to other parts of the city.