Property Overview: 99 Farwell Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 99 Farwell Bay in Maybank is a well-established property that stands out for its above-average space and value within its immediate neighbourhood. Built in 1958, it is one of the older homes on its street, which can imply a mature streetscape and established lot sizes. Its primary appeal lies in its generous 1,240 sqft living area, which ranks in the top 5% on Farwell Bay itself, offering more interior space than most direct neighbours. The lot is a substantial 6,049 sqft, providing ample outdoor space that is above average for wider Winnipeg.
The home’s assessed value is strong for the area, ranking in the top 9% on its street. This suggests it is viewed as a solid asset relative to nearby properties. A previous sale occurred between 2020-2025 in the range of $400k-$450k.
This property would suit a buyer looking for a character home in a mature neighbourhood who prioritizes interior and exterior space over a newer build. It’s ideal for someone who sees value in a home that already compares favourably in its local market and who may appreciate the potential of an older home on a large lot. It may also appeal to a value-conscious buyer who uses assessed value as a key metric for long-term investment.
Section 2: Frequently Asked Questions
1. What does it mean that the home is "older" but ranks highly for its year built on the street?
This indicates the home is actually one of the newest among its immediate neighbours on Farwell Bay, as most houses on the street were built in 1957 or earlier. It’s a relative positive within its specific, mature streetscape.
2. How significant is the living area ranking?
Very. Ranking in the top 5% on its street for living area means this home offers notably more interior space than most houses right around it, which is a key advantage for daily living and can contribute to resale value.
3. The assessed value seems low compared to the past sale price. Why?
Municipal assessed value (here, $40,800) is for tax purposes and is typically much lower than market value. The more relevant figure is the past sale price range ($400k-$450k), which reflects what a buyer actually paid in the open market.
4. Is the lot size a major feature?
Yes. At over 6,000 sqft, the lot is above average for both the Maybank area and the city overall. This provides significant outdoor space, which is a growing rarity and offers potential for gardening, expansion, or simply more privacy.
5. Who would this home not suit as well?
Buyers seeking a modern, turn-key home with recent renovations may find the 1958 build date requires more updates or maintenance. Those who prioritize being in a newer subdivision or having the very latest amenities might want to consider other areas.