Key Characteristics & Buyer Profile

This property at 39 Cascade Bay sits in Windsor Park, Winnipeg—a 1959 build with 1,040 sq ft of living space and a notably large 7,457 sq ft lot. The living area is slightly above the street average but below the city average; it ranks in the top third on its street but only in the top 55% within the broader Windsor Park area. The assessed value of $364,000 is almost exactly in line with both the street and neighborhood averages.

The standout feature here is the lot. It is the third-largest on Cascade Bay (top 6%), and ranks in the top 9% within Windsor Park and the top 14% citywide. For a house of this era and size, that kind of yard is unusual—most lots in the area sit around 6,000 to 6,300 sq ft. This gives the property breathing room and potential that comparable homes nearby don’t offer.

The build year (1959) is typical for the street and slightly older than the neighborhood average. Nothing unusual there. The assessed value is right at the median for its context, suggesting the price reflects the house itself rather than the land.

This would suit buyers who prioritize outdoor space—gardeners, families wanting room for kids or dogs, or anyone who sees long-term value in a large lot in a mid-century neighbourhood. It’s less suited for someone looking for a modernized interior or a move-in-ready renovation. The house is functional but era-typical; the real opportunity is in the land.

Five Possible FAQs

1. How does the lot size compare to other homes in the area, and why does it matter?

It’s well above average at every level—third on the street, top 9% in the neighbourhood, top 14% citywide. Most lots in Windsor Park are around 6,000 sq ft; this one is over 7,400. That extra space can mean more room for a garage, a workshop, a garden, or future additions. It’s the kind of asset that holds value even if the house itself needs updates.

2. Is the assessed value of $364,000 realistic for this property?

It lines up almost exactly with the average on the street and in the neighbourhood. That suggests the valuation is fair and consistent with comparable homes nearby. It’s slightly below the citywide average of $390,000, which makes sense given the house’s age and size. The value is in the land more than the structure, and the assessment reflects that balance.

3. What condition is a 1959 home typically in, and what should I look for?

Homes from this era often have original foundations (concrete block or poured), galvanized or copper plumbing, and older electrical systems. Roof age and window condition vary. The plus side is that mid-century construction in Winnipeg tends to be solid—good framing, mature trees, established neighbourhoods. Expect to budget for eventual updates, but don’t assume it’s a tear-down. Get an inspection focused on the roof, wiring, and basement moisture.

4. How does this property compare to others currently on the market in Windsor Park?

Most listings in this area are similar vintage and size, but few have a lot this large. That’s the main differentiator. If you’re comparing, look at whether other homes have updated kitchens or finished basements—this one likely doesn’t have those upgrades, but the land gives it flexibility that renovated houses often lack. It depends on whether you want convenience or potential.

5. Is this a good investment, or more of a starter home?

It could work as either, but it leans more toward a long-term hold. The lot size is the kind of feature that appreciates independently of the house. For a first-time buyer, the lower price point is accessible, but the lack of modern finishes might require patience. For an investor, the land-to-value ratio is strong—especially if the neighbourhood continues to see infill or redevelopment. It’s not a quick flip, but it has solid fundamentals.