Property Overview: 13 Biscayne Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 13 Biscayne Bay in the Maybank neighbourhood presents a specific and practical value proposition. Its key characteristic is its modest scale, with 888 sqft of living space on a 1,878 sqft lot, making it one of the more compact properties in the area. The 1954 build date is notably the oldest on its street, which can imply well-established surroundings and mature landscaping.
The appeal lies in its affordability and efficiency. With an assessed value significantly below area and city averages, it represents a lower barrier to entry into a stable neighbourhood. It’s a home that prioritizes function and location over size, suited for buyers who value financial practicality—such as first-time homeowners, downsizers, or investors seeking a manageable rental property. A less obvious perspective is that its older vintage and smaller lot could mean lower maintenance demands and property taxes compared to larger, newer homes nearby, appealing to those seeking a simplified lifestyle.
Section 2: Frequently Asked Questions
1. How does the property’s size compare to the neighbourhood?
The home’s living area (888 sqft) is slightly below the average for Biscayne Bay (962 sqft) and more notably below the Maybank neighbourhood average. It’s a compact home, which is reflected in its pricing.
2. Why is the assessed value so much lower than the city average?
The assessed value of $23,700 is based on municipal valuation for tax purposes and is influenced by the home’s smaller size, older age, and modest lot. It’s important to note that market sale price can differ from this assessed value.
3. What does it mean that it’s the oldest home on the street?
Built in 1954, this is the oldest home among the 60 compared on Biscayne Bay. This isn’t inherently negative but suggests potential for original features and likely indicates that infrastructure like wiring and plumbing may be of a certain era.
4. How reliable are the sold price ranges shown?
The listed sold price range (e.g., CA$150k–200k for 2018) is based on public data estimates. For the exact historical sale price, you must request it directly via the provided email service.
5. Who would this property not suit?
It may not suit buyers looking for ample indoor space, a large yard, or a modern, turn-key home without updates. The smaller scale and older build are best matched with realistic expectations about space and potential maintenance.