Property Overview: 235 Marshall Bay, Winnipeg
Key Characteristics & Appeal
This is a well-established, mid-century home on a generous lot in the Maybank neighbourhood. Built in 1959, it is notably older than many citywide comparables but is actually among the newer homes on its own street. Its primary appeal lies in its balance of space and value: the 946 sqft living area is modest, particularly for Marshall Bay, but it sits on a larger-than-average 6,178 sqft lot for both the neighbourhood and the city. This presents a classic value proposition—a smaller, potentially renovate-able home on a spacious parcel of land.
The home would suit a practical, value-oriented buyer. It's ideal for a first-time homeowner comfortable with a property that may require updates, or an investor looking for a land-strong asset in a stable area. The recent 2024 sale in the $400k-$450k range, which ranks highly compared to local sales, suggests renewed interest and potential in this specific property. It’s less suited for those seeking a large, move-in-ready interior space without future projects.
Frequently Asked Questions
1. Is the living space too small for the area?
The living area is below average for Marshall Bay, ranking in the bottom 10% of similar street properties. However, this is reflected in its assessed value, which is also below the street average, indicating the size is already factored into its municipal valuation.
2. What does the lot size offer?
At over 6,000 sqft, the lot is above average for both Maybank and Winnipeg. This is a key asset, offering ample outdoor space, potential for additions, gardening, or future redevelopment, providing long-term flexibility that smaller lots do not.
3. How does its age affect value?
While built in 1959, it ranks in the top 23% for year built on its street, meaning it's one of the newer homes in that immediate cluster. This suggests the street is consistently mature, and the home may have more in common with its neighbours than with a citywide average.
4. Why is there a discrepancy between the assessed value and recent sale price?
The city's assessed value for tax purposes ($33.80k) is a historical benchmark and often lags behind the current market. The 2024 sale price range is significantly higher, reflecting what buyers are currently willing to pay based on market conditions, the property's potential, and its desirable lot size.
5. How can I get the exact historical sale prices?
The precise sold prices are not publicly displayed due to data privacy. You can request the exact figures by emailing through the provided service. They provide this data manually and do not use email addresses for unsolicited marketing.