Property Overview
This home at 366 Marshall Bay in Winnipeg's Maybank neighbourhood presents a specific and practical value proposition. Its key characteristics are defined by its modest scale and its position as a more affordable entry point within its immediate area.
The 956 sqft house, built in 1954, sits on a 5,851 sqft lot. The data indicates that while the living space is below average for Marshall Bay itself, it is much more aligned with typical sizes in the broader Maybank area and across Winnipeg. The assessed value of $32,900 is notably below the street average, highlighting this as one of the more accessible properties on the block. It last sold between $250k-$300k in 2019.
The appeal lies in its affordability within a stable, established neighbourhood. It suits first-time buyers or practical investors seeking a lower-cost foothold in a mature area, who are comfortable with a home that may require updates. A less obvious perspective is that a smaller, more modest home on a decent-sized lot can offer manageable living costs while preserving future potential, whether for expansion, gardening, or simply lower property taxes relative to neighbours.
Frequently Asked Questions
1. Is this a small house?
Yes, at 956 sqft, it is below the average size for homes on Marshall Bay. However, it is much closer to the average for the wider Maybank neighbourhood, representing a more typical post-war home scale.
2. Why is the assessed value so much lower than the street average?
The assessed value of $32,900 ranks in the bottom 5% on Marshall Bay, where the average is about $36,900. This reflects the home's smaller size and older year of build compared to its immediate neighbours, which translates to a lower property tax assessment.
3. What can the 2019 sale price range tell me?
The home sold for an estimated $250,000-$300,000 in 2019. This provides a historical market reference, but current value would depend on market conditions, interest rates, and any changes made to the property since then.
4. Who would this property be best for?
It is well-suited for first-time buyers prioritizing location and lot size over square footage, or for investors looking for a lower-priced rental property in an established area. It may also appeal to those seeking minimalistic living.
5. How do I find out the exact past sale prices?
The exact sold prices are not publicly displayed. You can request this information by emailing through the provided form on the listing page; the service aims to provide the accurate figure by the end of the same day.