Property Overview
36 Biscayne Bay presents a unique profile within its Maybank neighbourhood. Its appeal is rooted in a combination of generous outdoor space and a modest, efficient footprint, offering a distinct value proposition compared to typical city homes.
Key Characteristics & Ideal Buyer
This 888 sqft bungalow, built in 1954, sits on a notably large lot of 4,773 sqft—one of the more spacious parcels on Biscayne Bay. While the living area is modest and below the city average, the property’s assessed value is remarkably low, ranking in the top tier for its immediate street. This creates an interesting dynamic: you're acquiring a land-rich property with a home that has a very low municipal tax valuation. The last known sale was between 2016 and 2025.
This home would best suit a practical buyer who prioritizes outdoor space over expansive interior square footage. It’s a strong candidate for someone looking for a long-term hold with a low tax base, a downsizer seeking manageable indoor maintenance with room for gardens, or a visionary buyer who sees potential in the generous lot for future expansion or landscaping projects, subject to local regulations.
Frequently Asked Questions
1. Why is the assessed value so much lower than typical city homes?
Municipal assessments are for taxation purposes and are not market valuations. This home’s very low assessment likely reflects its age, size, and original condition, which can result in significantly lower annual property taxes compared to newer or renovated homes of similar market price.
2. Is the modest living area a drawback?
It depends on your needs. The 888 sqft layout promotes efficient, low-maintenance living. For the right buyer, this is a feature, not a flaw. It means less space to heat, clean, and furnish, aligning well with a simplified lifestyle or a focus on outdoor living made possible by the large lot.
3. What does the "top 2%" ranking for Year Built on its street mean?
It indicates this is one of the oldest homes on Biscayne Bay, as rankings favour newer builds. This isn’t inherently negative; it speaks to the home’s established character and mature surroundings. It also suggests that many neighbouring properties have been rebuilt or extensively renovated over time.
4. How useful are the "nearby" and "similar assessed value" comparisons?
They provide different lenses. The nearby properties show what physically surrounds the home. The "similar assessed value" list is more abstract, showing homes across Winnipeg with a similar tax assessment value, which highlights how unique this property's combination of low taxes and large lot is within the city.
5. How can I find out the exact past sale price?
The precise sale price is not publicly listed in detail. As noted on the listing, you can request this information directly via email from the service, which compiles and provides exact historical sale data manually.