Property Overview: 85 Biscayne Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 85 Biscayne Bay in Maybank presents a specific and practical value proposition. Its key characteristic is its modest scale, with 888 sqft of living space and a 1,878 sqft lot, both notably below average for the wider city. However, within its immediate Biscayne Bay area, it ranks around average for size and assessed value, suggesting it fits the local context. The standout feature is its year of construction (1954), which is the oldest among the 60 homes on Biscayne Bay, potentially indicating a well-established, original character.
The appeal lies in its affordability and efficiency, reflected in a relatively low assessed value ($24,300). It suits first-time buyers, downsizers, or investors seeking an entry point into the Winnipeg market with lower carrying costs. It’s a pragmatic choice for those prioritizing location and function over size, offering a manageable property in an established neighbourhood. A less obvious perspective is that a smaller, older home on a compact lot can represent a lower-maintenance lifestyle and a smaller environmental footprint, which may align with minimalist or eco-conscious priorities.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others?
At 888 sqft, the living area is below the city-wide average but is typical for homes directly on Biscayne Bay. It’s a compact, efficient layout.
2. What does the assessed value tell me?
The assessed value of $24,300 is significantly below the Winnipeg average, indicating a likely lower property tax burden. It ranks around average for its immediate street but is well below averages for the broader Maybank area and city.
3. Is the older year built (1954) a concern?
It’s the oldest home on Biscayne Bay. This typically means potential for original features and a well-established streetscape, but buyers should prioritize a thorough inspection to understand the condition of major systems like plumbing, electrical, and the roof.
4. How usable is the outdoor space?
The land area of 1,878 sqft is compact, even for the lot sizes on Biscayne Bay. It will accommodate a yard but is best suited for low-maintenance landscaping or a simple patio space rather than extensive gardens or additions.
5. Why is there no public sold price history?
The provided sales data is from public sources and can be incomplete. You can request the exact sold price history via email from the listing service for a more accurate financial picture.