Property Overview
38 Farwell Bay is a 1,036 sqft bungalow built in 1958, situated on a 5,992 sqft lot in Winnipeg's Maybank neighbourhood. Its key appeal lies in its established character and practical footprint. The home is older than most on its street, suggesting a well-maintained original or a canvas for personalization. While the living space is modest compared to immediate neighbours, it is very close to the city-wide average, offering a manageable layout for everyday living. The lot size is smaller than others on Farwell Bay but is typical for the broader area, requiring less maintenance. The assessed value is consistent with the local market, indicating a fairly priced entry point into a mature community.
This property would suit first-time buyers or downsizers looking for a solid, no-frills home in a settled area. Its appeal is grounded in practicality rather than luxury, ideal for someone comfortable with a home of this vintage who values location and lot potential over square footage. A thoughtful buyer might see the smaller lot as an advantage for lower upkeep, and the home's age as a sign of enduring construction quality from its era.
Frequently Asked Questions
What does the "Elite" ranking for Year Built mean?
This indicates the home, built in 1958, is one of the newer houses on Farwell Bay itself, where most homes are older. It doesn't mean the home is new, but that it's relatively newer within its immediate street context.
Is the living area too small?
At 1,036 sqft, it is below the average for Farwell Bay but is very close to the average for both the Maybank area and the entire city. It represents a standard, efficient single-family footprint common for its time.
How does the lot size compare?
The lot is 5,992 sqft, which is on the smaller side for Farwell Bay but is actually larger than the average lot in the Maybank neighbourhood. It offers a balance of outdoor space without excessive maintenance.
Why is the city-wide assessed value average so much higher?
The city-wide average assessed value shown (~$390k) includes all property types and values across Winnipeg. The more relevant comparison is the "Same area" (Maybank) average of ~$33.4k, against which this home is competitively positioned.
How can I get the exact historical sold price?
The listed sale range is based on public data. The exact sold price is available by request via email from the listing service, which they provide manually without using your email for marketing.