56 Cascade Bay – Property Summary

Key Characteristics & Ideal Buyer Profile

This is a 1,414 sqft home built in 1960 on a 6,194 sqft lot, located in the Windsor Park neighbourhood of Winnipeg. Its standout feature is the living space: the house ranks #1 on Cascade Bay (top 2%) and sits comfortably above the neighbourhood average of 1,091 sqft. On the street, it’s essentially the largest home in terms of square footage, which gives it a clear advantage over nearby properties. The assessed value of $392,000 reflects this—it’s above average for both the street and the neighbourhood, though it lands roughly at the citywide median for comparable homes. The lot size is unremarkable for the area, coming in just below the street average, but still competitive at the city level (top 27%).

The appeal here is subtle but real. Buyers aren’t getting a brand-new build or a massive lot, but they are getting interior space that outperforms almost everything else on the block. That kind of living area advantage tends to hold value well, especially in a neighbourhood where most homes are smaller and older. The 1960 build year is also among the oldest on the street, but in a residential area like Windsor Park, that’s not unusual—and it means the home has likely been updated or maintained over time (something worth verifying in person). The property would suit a buyer who prioritizes roomy interiors over curb appeal or lot size, and who values being in a stable, established neighbourhood with above-average property value relative to nearby homes. It’s less suited for someone looking for a newer build, a large yard, or a bargain entry into the market.

Five Possible FAQs

1. How does the assessed value compare to similar homes nearby?
The home is assessed at $392,000, which is above the Cascade Bay average of $356,000 and the Windsor Park average of $354,200. Citywide, it’s around the median for comparable properties ($390,100). So you’re paying a premium for the extra living space, but not an outlier amount for the area.

2. Is the lot size considered small or large for this neighbourhood?
The lot is 6,194 sqft. That’s slightly below the street average (6,300 sqft) and the neighbourhood average (6,030 sqft). At the city level, it’s above average (top 27%). So it’s not a standout lot locally, but it’s still decent for Winnipeg overall.

3. The house was built in 1960—should I expect major renovations?
It’s one of the older homes on Cascade Bay (built the same year as the street average of 1959). In Windsor Park, the neighbourhood average is 1961, so you’re in line with the area. A 1960s home often means original features, but it can also mean older wiring, plumbing, or insulation. A home inspection will be important to confirm the current condition.

4. How does this property rank for value across Winnipeg?
It’s rated “Around Average” citywide for both assessed value and living area (top 40% and top 35% respectively). That means you’re not overpaying relative to the broader market, but you’re also not getting a hidden bargain. The real advantage is hyper-local: you’re getting top-tier space on your street.

5. Who typically buys homes like this in Windsor Park?
Windsor Park attracts a mix of families, long-term homeowners, and people looking for solid but not flashy properties. A home like 56 Cascade Bay—with generous interior space but a modest lot—tends to appeal to buyers who want room to spread out without leaving an established neighbourhood. It’s less common for first-time buyers or investors, who might prioritize lower entry costs or lot potential.