Property Overview: 64 Biscayne Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 64 Biscayne Bay in Maybank is defined by its generous lot and established character. Built in 1954, it is one of the older homes on its street, offering a sense of permanence and maturity. The primary standout feature is the 5,282 sqft land area, which is significantly larger than most lots on Biscayne Bay and provides ample outdoor space for gardening, play, or expansion. With 888 sqft of living area, the house itself is modest and functionally sized, appealing to those who prioritize yard space over a large interior footprint.
Its appeal lies in this land-to-building ratio, offering potential for future upgrades, additions, or simply enjoying a spacious, private yard in a mature neighbourhood. The assessed value is notably below both the Maybank and city-wide averages, suggesting a value proposition for a buyer willing to invest in updates. This property would best suit a first-time buyer, a downsizer seeking a manageable home with a large garden, or an investor looking for a property with land value and renovation potential in a stable area.
Section 2: Frequently Asked Questions
1. What does the "Top 52%" ranking for living area mean?
It means this home's interior size (888 sqft) is larger than 52% of the 60 homes on Biscayne Bay. It's comfortably in the middle of the pack for the immediate street, though slightly below the average size for the wider Maybank area.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value of $25,400 is for municipal tax purposes and reflects factors like the home's age, size, and condition. It is significantly below the city average because it is a smaller, older home. The last recorded sale price (2023) was in the $200k-$250k range, which is a more relevant market indicator.
3. As an older home, what should I consider?
Built in 1954, this is one of the oldest homes on the street. Prospective buyers should budget for potential updates to major systems like plumbing, electrical, or the roof, and consider an inspection to evaluate the condition. Its age also contributes to its classic neighbourhood charm.
4. How does the large lot size impact this property?
The lot is a key asset. At over 5,200 sqft, it is much larger than neighbouring properties on the street (which average under 3,000 sqft). This not only provides more private outdoor space but can also offer better potential for additions, a garage, or landscaping projects that wouldn't be possible on a standard lot.
5. Where can I see more detailed neighbourhood data?
The listing suggests using the "Open neighbourhood map analysis" tool to see this property in context with nearby homes, comparing details like year built, lot size, and assessed value on an interactive map. For exact historical sold prices, you can request the information directly via the email link provided.