Property Overview & Key Characteristics
84 Farwell Bay is a well-established, mid-century home in Winnipeg's Maybank neighbourhood. Built in 1957, it offers 1,206 sqft of living space on a generous 6,042 sqft lot. Its primary appeal lies in its space efficiency and land value. The home's living area ranks in the top 9% for its immediate street, offering more interior space than most direct neighbours. Meanwhile, the lot size is notably above average city-wide (top 30%), presenting a solid foundation of land value in a mature area.
This property would suit a practical buyer looking for a character home with room to grow outdoors, or an investor attracted by a lower assessed value relative to the neighbourhood. It's a home that prioritizes lot size and functional interior space over modern luxury or a high assessment, making it a potential value-play for those willing to take on updates.
Frequently Asked Questions
1. Why is the assessed value relatively low for the area?
The assessed value of $35.4k ranks below average on its own street. This can sometimes reflect the home's older condition or specific market factors at the time of assessment, not necessarily the market price. It's important to distinguish between municipal assessment for taxation and current market value.
2. How does the recent sale price compare?
The home sold in 2025 for an estimated $350k–$400k. This sold price ranked in the top 44% for the street but the top 23% for the wider Maybank area, suggesting it may have been perceived as a stronger value within the broader neighbourhood context.
3. What does the "above average" living area mean for daily life?
With 1,206 sqft ranking highly on its street, the home likely offers better room proportions or more bedrooms than many nearby comparables. This is a key advantage for families or anyone needing defined space without a sprawling footprint.
4. Is the 1957 build date a concern?
The year built is typical for the area. A home of this age will likely have original components that require mindful maintenance or updating. Prospective buyers should budget for potential updates to major systems like plumbing, electrical, or the roof, while also appreciating the character and solid construction of the era.
5. How can I get the exact historical sale price?
The listing service provides estimated sold price ranges publicly. To obtain the exact sale price from their records, you must request it via email through the button provided on their site. They manually provide this data and state they do not use email addresses for unsolicited marketing.