Property Summary: 87 Biscayne Bay, Winnipeg
Key Characteristics & Appeal
This 1954-built home in Maybank presents a compelling case for value-focused buyers. Its primary appeal lies in its strong standing within its immediate neighbourhood of Biscayne Bay. With 1,032 sqft of living space, it ranks in the top 3% for size on its street, offering more room than most direct neighbours. The lot size of 3,835 sqft is also notably above average (top 18%) for the area, providing generous outdoor space that is increasingly rare in mature neighbourhoods.
The home suits buyers looking for a solid, established property in a quiet setting without a premium city-wide price tag. Its assessed value is modest, yet it ranks above average on its street, suggesting it is a well-regarded property within a consistent and affordable enclave. This is an ideal home for a first-time buyer, a downsizer seeking a manageable lot, or an investor looking for a stable, character-area property. A thoughtful perspective is that this home represents a "large fish in a small pond"—it offers standout features (like lot and living space) within its specific, desirable micro-location, which may not be fully reflected in its broader municipal assessment.
Frequently Asked Questions
1. How does this home compare to others in Winnipeg?
City-wide, this home is below average in size, lot, and assessed value, which is typical for its era and neighbourhood. This context highlights its affordability and positions it as a value proposition compared to newer suburban homes.
2. What does the "Elite" ranking for Year Built mean?
On Biscayne Bay, a 1954 build date is the oldest or among the oldest, giving it a high "year built" rank because the metric favours newer homes. This indicates the street likely has many homes built later, but it also confirms the home's established, character nature.
3. Why is the assessed value so much lower than the city-wide average?
The city-wide average assessed value is skewed higher by much newer, larger homes in different areas. This home's assessment aligns with older, well-established neighbourhoods in Winnipeg and is actually above average for its own street.
4. Can I find out the exact historical sale price?
The listed sale price range is based on public data. The exact sale price is available by request via email from the listing service, which they provide manually without using your email for marketing.
5. What is the practical benefit of a larger-than-street-average lot?
A lot size ranking in the top 18% on the street offers greater potential for outdoor living, gardening, expansions, or additions (subject to zoning) than most neighbours, providing a tangible advantage in the same location.