Property Overview: 19 Farwell Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 19 Farwell Bay is a classic, mid-century bungalow built in 1957, situated on a generously sized lot in the Maybank neighbourhood. Its key appeal lies in its solid positioning within a stable, established area. The property offers a manageable 1,002 sqft of living space, which is slightly below average for the immediate street but typical for the wider city. The true standout is the 6,083 sqft lot, which is notably larger than many in Maybank and across Winnipeg, presenting valuable outdoor space or future potential.
The home’s assessed value is consistent with the street and city averages, suggesting it is fairly valued within the market. A sale occurred between 2022 and 2024 in the $400k-$450k range, indicating active demand. This property would best suit first-time buyers or downsizers looking for a grounded, no-frills home in a quiet location where the land itself is a significant asset. It’s a practical choice for those who value space around their home over expansive interior square footage, and who appreciate the character and maturity of a neighbourhood developed in the post-war era.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to the neighbourhood?
At 1,002 sqft, the living area is slightly smaller than the average home on Farwell Bay (1,114 sqft) but is very close to the Maybank neighbourhood average (1,043 sqft). It represents a more compact, efficient layout.
2. What is the significance of the lot size?
The 6,083 sqft lot is a key feature. It ranks above average for both the Maybank area and city-wide, meaning you get more outdoor space than many comparable properties—a premium for gardening, recreation, or future expansion.
3. Is the assessed value typical for this area?
Yes. The assessed value of $37.70k is around the average for the street and the city. Within the Maybank neighbourhood specifically, it ranks above average, suggesting the property is viewed favorably relative to its local peers.
4. When was it last sold, and for how much?
The home was sold between 2022 and 2024. The sold price range was between $400,000 and $450,000, based on available public data. An exact sale price can be provided upon request.
5. What might a buyer overlook when considering this home?
Beyond the basic metrics, the home’s age (1957) means it likely has mature trees and established landscaping. Buyers should also consider the value of being on a street with very similar homes from the same era, which often contributes to neighbourhood consistency and stable property values. The "below average" interior size for the street might be offset by the "above average" lot size, highlighting a trade-off between indoor and outdoor space.