235 Marshall Bay

Maybank, Winnipeg

Property score

58.2

Fair

Overall 58.2 · Newer than most nearby homes

946 sqft (bottom 34%) · Built in 1959 (1 yr older than avg)

Located in a high-income area with median household income of ~94k

Transit 86.0 · 3-min walk to transit with 4 nearby routes · Within 500m: 4 parks, and 1 place of worship nearby

Living Area

Below average

9% smaller than neighborhood avg.

Year Built

Above average

1 yrs older than neighborhood avg.

Mother tongue

English · 68%Punjabi · 4%

Past 10 years Maybank sales snapshot (~80% of all data)

Sold Count

345

Median price

325k

$/sqft

$326/sqft

Avg build year

1960

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Property score

58.2 is composed by the two sections below.

Property Score

48.0Low
Living Area946 sqft42Low
Year Built195943Low
Lot Size6,178 sqft81Excellent
Neighbourhood Sales Activity42Low

Community Score

73.6Good
Household Income82Excellent
Education Level54Fair
Housing Stress74Good
Core Housing Need76Good
Employment Health68Good

Neighbourhood Sales

Maybank

How to read: Share of sales in each ~$50k price band for “maybank” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

1,196

sold

1,852

new listings

Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba

Sold Above Asking

65%

Majority sold above asking

68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026

With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111022

Community deep dive

$94K

Median household income

$96K

Average household income

11%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.1

P90 / P10 ratio

23%

Single-person households

30%

Families with children

Population, labour & age

Population (2021)395
Labour force participation rate67%
Median age38.8
Avg household size2.6
Unemployment rate8%
Population density253 / km²

Households & income

Low income (LIM-AT, % pop.)11%
Single-person households23%
Couple families with children30%
Median household income (2020)$94K

Housing

Renter households23%
Condominium dwellings0%
Median dwelling value (owners)$332K

Diversity, education & language

Immigrants (share of pop.)29%
Visible minority37%
Bachelor's or higher (25–64)26%
Mother tongue (1st)English · 68%
Mother tongue (2nd)Punjabi · 3%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
946 sqft
0255075100
Same streetBottom 10%Same areaBottom 34%CitywideBottom 21%
Same street · Marshall Bay
#112 / 124
Bottom 10% · Avg 1,111 sqft
Same area · Maybank
#605 / 920
Bottom 34% · Avg 1,043 sqft
Citywide · Winnipeg
#154,109 / 194,458
Bottom 21% · Avg 1,342 sqft

Tax-Assessed Value

around average
338k
0255075100
Same streetBottom 12%Same areaBottom 46%CitywideBottom 42%
Same street · Marshall Bay
#109 / 124
Bottom 12% · Avg 368.9k
Same area · Maybank
#497 / 920
Bottom 46% · Avg 334k
Citywide · Winnipeg
#112,954 / 194,458
Bottom 42% · Avg 390.1k

Year Built

above average
1959
0255075100
Same streetTop 23%Same areaTop 23%CitywideBottom 40%

Lot Size

above average
6,178 sqft
0255075100
Same streetBottom 44%Same areaTop 23%CitywideTop 27%

To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

235 Marshall Bay — 5 amenities found within 500 m, across 2 categories, including 4 parks (nearest 119 m).

Search radius
🌳Parks4
Worship1

Crime & Safety

Maybank · WPS public data · 2026

Annual incidents

10

2026

vs. city avg

-66%

relative to avg

Year-over-year

-92%

vs. prior year

Primary type

Property

90%

Sales History

Sold 7/2024CA$400k–450k
Sold price

Same street

Top 3%

Same area

Top 5%

City-wide

Top 24%
Sold 5/2021CA$350k–400k
Sold price

Same street

Top 23%

Same area

Top 18%

City-wide

Top 43%
Sold 9/2016CA$250k–300k
Sold price

Same street

Bottom 3%

Same area

Bottom 37%

City-wide

Bottom 23%

Related homes

Highlights & common questions: 235 Marshall Bay, Winnipeg

Property Overview: 235 Marshall Bay, Winnipeg

Key Characteristics & Appeal

This is a well-established, mid-century home on a generous lot in the Maybank neighbourhood. Built in 1959, it is notably older than many citywide comparables but is actually among the newer homes on its own street. Its primary appeal lies in its balance of space and value: the 946 sqft living area is modest, particularly for Marshall Bay, but it sits on a larger-than-average 6,178 sqft lot for both the neighbourhood and the city. This presents a classic value proposition—a smaller, potentially renovate-able home on a spacious parcel of land.

The home would suit a practical, value-oriented buyer. It's ideal for a first-time homeowner comfortable with a property that may require updates, or an investor looking for a land-strong asset in a stable area. The recent 2024 sale in the $400k-$450k range, which ranks highly compared to local sales, suggests renewed interest and potential in this specific property. It’s less suited for those seeking a large, move-in-ready interior space without future projects.

Frequently Asked Questions

1. Is the living space too small for the area?
The living area is below average for Marshall Bay, ranking in the bottom 10% of similar street properties. However, this is reflected in its assessed value, which is also below the street average, indicating the size is already factored into its municipal valuation.

2. What does the lot size offer?
At over 6,000 sqft, the lot is above average for both Maybank and Winnipeg. This is a key asset, offering ample outdoor space, potential for additions, gardening, or future redevelopment, providing long-term flexibility that smaller lots do not.

3. How does its age affect value?
While built in 1959, it ranks in the top 23% for year built on its street, meaning it's one of the newer homes in that immediate cluster. This suggests the street is consistently mature, and the home may have more in common with its neighbours than with a citywide average.

4. Why is there a discrepancy between the assessed value and recent sale price?
The city's assessed value for tax purposes ($33.80k) is a historical benchmark and often lags behind the current market. The 2024 sale price range is significantly higher, reflecting what buyers are currently willing to pay based on market conditions, the property's potential, and its desirable lot size.

5. How can I get the exact historical sale prices?
The precise sold prices are not publicly displayed due to data privacy. You can request the exact figures by emailing through the provided service. They provide this data manually and do not use email addresses for unsolicited marketing.

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