Property Overview
81 Biscayne Bay presents a compelling and somewhat unique profile within the Winnipeg neighbourhood of Maybank. Its appeal is rooted in its strong standing within its immediate, desirable bayside street, offering a mix of established character and relative value.
Key Characteristics & Appeal
This 1954-built home sits on a standard lot for Biscayne Bay (approx. 3,400 sq ft) and features a living area of 1,032 sq ft. The key perspective here is one of context. While its size and assessed value ($25,600) are below Winnipeg-wide averages, they are competitive or above-average for the specific Biscayne Bay street. Notably, it ranks in the elite top 3% for living area and top 2% for age (indicating it is one of the newer homes) on its own street. This suggests a well-positioned property within a sought-after location.
The home would suit a pragmatic buyer who values location and community character over sheer size. It’s ideal for a first-time buyer or downsizer seeking entry into a stable neighbourhood, or an investor attracted by the consistent demand for homes on this bay. The recent sale history (last sold between $200k-$250k in 2020) indicates a historically accessible price point for the area.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value ($25,600) is for municipal tax purposes and is typically much lower than the current market value, as indicated by the home’s prior sale price range.
2. How does this home compare to others in Maybank and Winnipeg?
It’s a study in contrasts. On its own street (Biscayne Bay), it ranks very well for size and age. When compared to all of Maybank or Winnipeg, its lot and living space are more modest, which often translates to a more accessible price point for a prime location.
3. The home was built in 1954. What should I consider?
While 72 years old, it’s actually one of the newer homes on its block. Buyers should still budget for potential updates to major aging components like roof, windows, plumbing, or electrical systems, which are common for homes of this era.
4. What does the sold price history tell me?
It last sold in the $200,000-$250,000 range in 2020. This provides a historical benchmark, but current market conditions, recent renovations, and supply/demand will determine today’s value. The exact sale price is available upon request from the listing service.
5. Who are the likely neighbours?
The immediate neighbours are other single-family homes on Biscayne Bay, suggesting a stable, residential environment. The "For Reference" listing at 97 Rampart Bay (similar size/year but a $240k assessment) may indicate the value potential of well-maintained or updated homes in the broader area.