Property Summary: 280 Marshall Bay, Winnipeg
Key Characteristics & Appeal
This home on Marshall Bay in the Maybank neighbourhood is a practical, mid-century property built in 1959. Its key appeal lies in its balance of space and value. With 974 sqft of living area, it offers a comfortable footprint that is notably efficient for its era, sitting on a generous 6,202 sqft lot that provides ample outdoor space—a relative standout compared to many city lots. The assessed value is firmly in the average range for the area, suggesting a stable and reasonable entry point into the market.
The property’s less obvious strengths include its established location on a street of similar-aged homes, offering a consistent neighbourhood character. Its lot size is a particular asset, ranking above average both in Maybank and citywide, which presents opportunities for gardening, expansion, or simply more private outdoor living than newer subdivisions typically offer. This home would suit first-time buyers or downsizers looking for a manageable, single-level living space without a premium price tag, as well as value-oriented buyers who prioritize land size over a recently built or fully renovated interior.
Frequently Asked Questions
1. How does the living space compare to nearby homes?
At 974 sqft, the living area is below the average for both Marshall Bay and the city overall. This indicates a more compact, efficient layout typical of its time, which can mean lower utility costs and less maintenance.
2. What does the "above average" ranking for Year Built mean?
Built in 1959, this home is newer than many on its street and in Maybank. This can be an advantage, potentially meaning updates to original building materials or systems have already been incorporated by previous owners.
3. Is the lot size a significant feature?
Yes. The 6,202 sqft lot is a key asset, ranking above average for both the neighbourhood and Winnipeg. This provides more yard space than many comparable properties, which is a valued and finite feature.
4. What can the 2019 sold price range tell me?
The prior sale in the CA$300k–350k range provides a historical benchmark. Given the stable assessed value since, it suggests the area has maintained its market value, but for precise pricing trends, requesting the exact sold price history is recommended.
5. Who would this property not suit?
Buyers seeking a modern, open-concept layout or a move-in-ready home without any projects may find the vintage layout and potential for updates a drawback. It’s best for those comfortable with a home that may require gradual modernization.