Property Overview: 303 Marshall Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Marshall Bay stands out for its substantial size and generous lot. With 1,648 sqft of living space, it ranks in the top 2% of homes on its street and in the Maybank area, offering significantly more room than local averages. The property’s true distinction, however, is its 10,618 sqft lot, which places it in the elite top 1% for land area in Maybank and the top 5% citywide. This combination of a spacious, well-sized home on a large, private parcel is its defining feature.
The appeal lies in this rare balance of interior volume and expansive outdoor potential. It suits buyers looking for established character in a sought-after area, who value space for gardens, recreation, or future additions more than a brand-new build. The 1962 construction suggests a solid, classic home, likely with renovation potential. It’s an ideal fit for families seeking room to grow, or for those who prioritize lot size and see the existing structure as a canvas for customization.
Section 2: Frequently Asked Questions
1. How does the assessed value relate to the likely market price?
The home’s assessed value is $47,600, which is a municipal calculation for tax purposes and is not an indicator of market value. The last known sale was in the $400k-$450k range in 2021. Current market price would be determined by recent comparable sales, condition, and market trends.
2. What does the "elite" ranking for lot size actually mean?
It means this property’s lot is larger than 99% of comparable properties in the Maybank area. In practical terms, you are getting an unusually large, suburban-style yard for the neighbourhood, which is a significant and permanent advantage.
3. The home was built in 1962. What should I consider?
While the structure is older, it ranks as "above average" in age for its immediate area, meaning many neighbouring homes are of a similar vintage. This suggests a mature, established streetscape. Buyers should budget for a thorough inspection to understand the condition of major systems (roof, plumbing, electrical, foundation) common to homes of this era, while also appreciating the potential for well-developed landscaping and mature trees.
4. The living area is large for the street, but average citywide. How should I interpret this?
This highlights the property’s local appeal. In the context of Maybank and Marshall Bay, this home offers more interior space than most, making it a standout in its immediate market. The citywide average includes a vast mix of home types and ages; here, the key advantage is outperforming the local competition.
5. How can I get the exact historical sold prices?
The provided sale price ranges are based on public data. The listing service offers to provide the exact sold prices via a manual email request. They state they will respond by the end of the same day and will not use the email for unsolicited marketing.