Property Overview
This home at 2 Biscayne Bay in Winnipeg’s Maybank neighbourhood presents a compelling mix of established character and relative value within its immediate area. Built in 1954, its 1,032 sqft footprint sits on a generous 3,977 sqft lot. The appeal lies in its strong positioning among its direct peers on Biscayne Bay, where it ranks in the elite tier for living space and year built, and above average for lot size and assessed value. This suggests a well-maintained, spacious home for its street, offering more interior room than most neighbours. Its last known sale was between 2021.
The property would suit a practical buyer looking for an established home in a stable neighbourhood, who values space and character over a brand-new build. It’s ideal for someone who appreciates that a home’s true benchmark is against its immediate neighbours, where this property shines, rather than just city-wide averages. It may also attract those with an eye for potential, as the solid lot size offers room for outdoor living or future expansion, subject to approvals.
Frequently Asked Questions
How does this home truly compare to others nearby?
The data shows it stands out most on its own street. It’s in the top 3% for living area and top 2% for age (being one of the newer homes) on Biscayne Bay, meaning it likely feels more spacious and modern than most houses right around it.
Why is the city-wide ranking for lot size below average?
While the lot is generous for its specific area, many newer suburban developments in Winnipeg feature larger lots. This lot is above average for its street but smaller than the typical lot across the entire city, which includes those newer subdivisions.
What does the assessed value tell me?
The assessed value of approximately $260k is for municipal tax purposes. It’s above average for Biscayne Bay, which can indicate the city assesses it as a higher-quality home on the street. However, market value is determined by buyers and can be higher or lower.
The home sold around 2021. What can that price tell me?
The previous sale price range provides a historical anchor, but the market has likely shifted since. It’s most useful for understanding the price trajectory of the home itself, not for pinpointing its current value.
If it ranks so well on its street, why consider it?
This perspective is key. A home that ranks highly among its direct neighbours often holds its value well within that micro-market. It means you’re buying one of the better properties on the block, which can be a smarter long-term play than buying the smallest or oldest home on a more expensive street.