Property Overview: 88 Biscayne Bay, Winnipeg
Key Characteristics & Appeal
This home at 88 Biscayne Bay in Maybank is a study in desirable location versus modest scale. Its primary appeal lies in its position within the Biscayne Bay streetscape, where it ranks among the elite for living area and year built compared to its immediate neighbours. Built in 1954, it is one of the older homes on the street, which may appeal to those seeking established character. With 1,032 sqft of living space, it is actually above average for the specific street, suggesting the surrounding homes are particularly cozy.
However, the broader context reveals its more compact nature. Compared to the wider Maybank area and Winnipeg city-wide, the home’s living area, land size (3,545 sqft), and assessed value fall below average. This creates a specific value proposition: you are acquiring a well-situated property in what appears to be a consistent, mature neighbourhood, but the home itself is likely a starter property or suited for downsizing. The significantly lower assessed value compared to city averages could indicate a lower property tax burden, a practical advantage often overlooked.
It would best suit a first-time buyer, an investor, or someone looking to downsize into a manageable home without leaving a established neighbourhood. The buyer should be comfortable with a property that may require updates (given its age) and values location and lot potential over immediate square footage.
Frequently Asked Questions
1. Is this a good value for the area?
The data suggests a mixed value. On its own street, it holds its own in terms of size and age. Its assessed value is notably lower than both area and city averages, which could signal value but also may reflect the home’s condition or specific features.
2. What does the "Elite" ranking for Year Built mean?
On Biscayne Bay, an "Elite" ranking for being built in 1954 means it is one of the oldest homes on the street. This isn't about modernity, but about established character and possibly more mature landscaping compared to newer builds nearby.
3. Why is the assessed value so much lower than the city average?
The city-wide average assessed value includes all property types and sizes. This home’s assessment ($25k) is typical for its specific profile in Maybank but is far lower than the Winnipeg average ($390k), largely due to its more compact size and the valuation methodology for older, modest homes in established neighbourhoods.
4. How recent is the sold price data?
The last recorded sale was in 2019, with a price range of CA$200k–250k. For the exact sale price and any more recent transactions not captured in public records, you must request the information directly via the provided email service.
5. The lot is below average in size for Maybank. Is that a concern?
At 3,545 sqft, the lot is smaller than many in the broader Maybank area. This likely means less yard maintenance. The trade-off is less private outdoor space, so your interest may depend on whether you prioritize a larger garden or a more manageable property.