Property Overview: 350 Marshall Bay, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition centered on land and location rather than interior size. Built in 1959, its 896 sqft living area is notably compact, ranking in the bottom tier for size both on its street and in the wider Maybank area. However, this is balanced by a generous 7,020 sqft lot that is well above average for the city, offering significant outdoor space and potential. The assessed value is consistently around the median benchmark, suggesting a stable, fair-market valuation.
The primary appeal lies in this land-to-structure ratio. It suits a specific buyer: someone looking to enter a mature neighbourhood like Maybank who values a large, private yard over a large house, and who may see potential in the existing footprint or the possibility of future expansion. It’s a practical choice for downsizers, first-time buyers comfortable with a cozy layout, or investors attracted to the lot value. A less obvious perspective is that a smaller home on a large lot can offer lower utility costs and less maintenance for the interior space, allowing owners to focus their resources and energy on outdoor living or garden projects.
Frequently Asked Questions
1. Why is the living area considered below average?
The home’s 896 sqft footprint is notably smaller than most comparable properties. On Marshall Bay itself, it ranks in the bottom 2% for size, meaning nearly all neighbouring homes have more interior space.
2. What is the advantage of the lot size?
The 7,020 sqft land area is a key asset, ranking in the top 17% citywide. This is significantly larger than the Winnipeg average lot, providing ample room for gardening, recreation, additions, or future redevelopment.
3. How does the assessed value compare?
The assessed value of $36,300 is consistently around the middle range—or average—when compared to homes on the same street, in Maybank, and across Winnipeg. This indicates the property is valued in line with market norms for its key attributes.
4. What can the sale history tell me?
The home sold between $300k-$350k in 2017. For the exact sale price, you can request details via email from the listing service, which provides this data manually.
5. Is the year built a concern?
Built in 1959, the home is older than many in the city but is actually above average for its immediate area. This suggests the neighbourhood is well-established, and the home may share construction characteristics with nearby properties. A thorough inspection is always recommended for homes of this age.