Property Overview

This home at 104 Farwell Bay in Winnipeg’s Maybank neighbourhood presents a specific and value-oriented opportunity. Built in 1957, it’s a property defined more by its practical potential and location than by standout size or premium finishes.

Key Characteristics & Appeal

The primary appeal lies in its efficient use of space and its position within a stable, established area. At 1,196 sqft, the living area is notably above average for both the immediate street and the broader Maybank neighbourhood, suggesting a comfortable, well-proportioned layout for its vintage. The lot size, while below average for Farwell Bay, is still a generous 5,996 sqft, offering ample outdoor space typical of the era.

Its assessed value is modest, ranking below average on its own street but aligning more closely with city-wide norms. This combination—a home with above-average interior space on a good-sized lot, carrying a below-street-average assessment—often signals an opportunity for buyers comfortable with a property that may require updates or personalization. It suits practical buyers, such as first-time homeowners, value-driven investors, or downsizers looking for a manageable footprint without sacrificing yard space. The appeal is grounded in fundamentals: space, land, and a location in a long-established community, making it a canvas rather than a turn-key showcase.

Frequently Asked Questions

1. What does the assessed value tell me about the property tax?
The assessed value is used to calculate property taxes. At $35,800, this home’s assessment is below the average for its own street, which could indicate relatively lower property taxes compared to some immediate neighbours, though final bills depend on the city’s mill rate.

2. The home is above average in size for the area but has a lower assessment. What might this indicate?
This is a key point. It often suggests the home’s interior condition or features have not been modernized to the same degree as some comparable homes on the street. The value is in the underlying structure and lot, with the potential to increase value through renovations.

3. How does the 1957 build year affect the home?
Built in 1957, buyers should anticipate systems (like plumbing, electrical, and heating) that are likely original or older, and plan for associated maintenance or updates. The neighbourhood analysis page can show how this age compares to nearby houses.

4. Is the sold price history for this specific address available?
The exact sold price is not published publicly. The listed range is an estimate based on public data. You can request the precise historical sale price by emailing via the provided button; the service is manual but prompt and not used for marketing spam.

5. The lot is large but ranked below average for the street. Is that a concern?
Not necessarily. It means lots on Farwell Bay are generally very large. At just under 6,000 sqft, this property’s lot is still significantly larger than the city-wide average, offering plenty of private outdoor space. It’s a relative comparison, not an absolute drawback.