Property Overview & Key Characteristics
This home at 343 Marshall Bay in Winnipeg's Maybank neighbourhood presents a specific value proposition. Built in 1961, it is notably newer than many homes on its street and in the immediate area, which is a distinct advantage for maintenance and potential updates. With 1,025 sqft of living space, it is modestly sized, sitting below the average for the street but close to the average for Maybank. The lot, however, is a significant asset at over 6,500 sqft, offering ample outdoor space that is well above the city-wide average.
Its appeal lies in this combination of a relatively newer vintage for the area and a generous, private lot, all at an assessed value that is positioned below average for the street. This suggests a potential entry point into a stable neighbourhood. It would suit first-time buyers or downsizers looking for a manageable footprint without sacrificing yard space, or an investor seeking a property with solid land value. The 2019 sale price indicates a history in the $250k-$300k range, which should be considered alongside current market conditions.
Frequently Asked Questions
1. How does the home’s size compare to the neighbourhood?
At 1,025 sqft, the living area is slightly below the average for Marshall Bay but is very close to the typical size for homes in the broader Maybank neighbourhood.
2. What is the significance of the 1961 build year?
This is a key feature. The home is newer than most on its street (ranking in the top 8%) and in Maybank, which can imply newer building materials, electrical systems, and layout efficiencies compared to older area homes.
3. Is the lot size typical?
No, it’s larger than typical. The lot of 6,523 sqft is substantially above the Winnipeg city average, offering more private outdoor space than many properties, which is a valuable and less replaceable asset.
4. What does the assessed value tell me?
The assessed value of $34,900 is below the average for Marshall Bay. This can indicate a potentially lower property tax base, but it’s crucial to evaluate this against the current market sale price, which is influenced by many other factors.
5. How can I find out the exact past sale prices?
The provider notes that exact sold price history is not publicly displayed. They offer to provide this information manually via email upon request, with a stated aim to reply by the end of the same business day.