Property Overview: 56 Biscayne Bay, Winnipeg
Key Characteristics & Appeal
This home at 56 Biscayne Bay in Maybank is a study in contrasts, offering a unique value proposition. Built in 1954, it is notably one of the oldest homes on its street, which may appeal to those interested in a well-established neighbourhood character. With 888 sqft of living space, the house is compact, ranking around average for Biscayne Bay but below average for the wider Maybank area and city. Its assessed value is modest at $23,900, positioning it as an accessible entry point into the market.
The primary appeal lies in its efficiency and location. The smaller scale suggests lower utility costs and manageable upkeep, ideal for a first-time buyer, downsizer, or investor. A less obvious perspective is the lot size: at 1,868 sqft, it is significantly smaller than most in Winnipeg. This isn't necessarily a drawback; it translates to minimal yard maintenance, a growing preference for those seeking a low-maintenance lifestyle without sacrificing private outdoor space.
This property would best suit practical, budget-conscious buyers. It’s a straightforward home for someone who values location over sheer size, and sees the modest assessment as an opportunity for potential equity growth through updates, rather than a fixer-upper with a high initial price tag.
Frequently Asked Questions
1. Is this a small house?
Yes. At 888 sqft, it is below the average home size for both the Maybank neighbourhood and Winnipeg overall. It is designed for efficient living.
2. Why is the assessed value so much lower than the city average?
The assessed value of $23,900 reflects the home's smaller size, older age, and modest lot dimensions relative to the broader Winnipeg market. It indicates a lower property tax base, which is a key part of its affordability.
3. What does it mean that it's one of the oldest on the street?
Built in 1954, this home is among the first built on Biscayne Bay. This can mean mature landscaping and a settled streetscape, but buyers should ensure a thorough inspection to understand the condition of major aging components like the roof, plumbing, and electrical systems.
4. The lot seems small. What are the implications?
The 1,868 sqft lot is significantly smaller than typical Winnipeg lots. The benefit is very low yard maintenance. The consideration is limited space for expansions, large decks, or extensive gardening.
5. How accurate are the sold price ranges shown?
The listed price ranges (e.g., CA$200k–250k in 2019) are estimates based on public data. To obtain the exact historical sale price, you must request it directly via the provided email service, which is manually verified.