Property Overview
245 Marshall Bay is a well-situated, mid-century home in Winnipeg's Maybank neighbourhood. Built in 1959, it presents a practical opportunity with a balance of space and value. The 940 sqft house sits on a 6,073 sqft lot, which is notably larger than many city-wide comparables. Its assessed value is positioned around the average for both the local area and the wider city, suggesting a fair market entry point. The home last sold between 2016 and 2025 in the $250k-$300k range.
Key Characteristics & Appeal
This property’s primary appeal lies in its generous lot size, offering more outdoor space than over 70% of homes across Winnipeg—a valuable asset for gardening, expansion, or simple privacy. While the living area is modest and below average for its immediate street, the home is mechanically younger than many of its neighbours, potentially indicating fewer major age-related concerns. It suits first-time buyers or downsizers seeking a manageable footprint without sacrificing yard space, and value-focused investors looking for a solid, land-rich asset in a stable neighbourhood. Its average assessment for the area also suggests it’s not overpriced relative to its peers, providing a grounded starting point for negotiations.
Frequently Asked Questions
1. Is the house smaller than others on the street?
Yes. At 940 sqft, the living area is below the street average (1,111 sqft) and ranks in the bottom 6% for size on Marshall Bay itself.
2. What is the standout feature of the lot?
The land area of 6,073 sqft is a key feature. It is larger than approximately 71% of all residential lots in Winnipeg, offering above-average outdoor space.
3. How does its value compare to similar homes?
Its assessed value of $34,400 is very close to the Maybank neighbourhood average ($33,400) and slightly below the average for Marshall Bay ($36,900), positioning it as a mid-range option in its immediate area.
4. When was it built, and what does that mean?
The home was built in 1959. This makes it newer than about 77% of the homes on its street, which could be favourable regarding the age of some core components compared to older neighbours.
5. How can I find out the exact past sale price?
The provided sale price is a public data range. You can obtain the exact historical sale price by contacting the listing service via email, as they manually provide this detail upon request.