245 Marshall Bay

Maybank, Winnipeg

Property score

58.2

Fair

Overall 58.2 · Newer than most nearby homes

940 sqft (bottom 33%) · 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: 1 school, 4 parks, and 1 place of worship nearby

Living Area

Below average

10% 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

Need help understanding this property?

Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.

Usually replies in a few minutes

Property score

58.2 is composed by the two sections below.

Property Score

48.0Low
Living Area940 sqft42Low
Year Built195943Low
Lot Size6,073 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
940 sqft
0255075100
Same streetBottom 6%Same areaBottom 33%CitywideBottom 20%
Same street · Marshall Bay
#116 / 124
Bottom 6% · Avg 1,111 sqft
Same area · Maybank
#619 / 920
Bottom 33% · Avg 1,043 sqft
Citywide · Winnipeg
#155,056 / 194,458
Bottom 20% · Avg 1,342 sqft

Tax-Assessed Value

around average
344k
0255075100
Same streetBottom 17%Same areaTop 50%CitywideBottom 44%
Same street · Marshall Bay
#103 / 124
Bottom 17% · Avg 368.9k
Same area · Maybank
#463 / 920
Top 50% · Avg 334k
Citywide · Winnipeg
#108,668 / 194,458
Bottom 44% · Avg 390.1k

Year Built

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

Lot Size

above average
6,073 sqft
0255075100
Same streetBottom 36%Same areaTop 26%CitywideTop 29%

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

245 Marshall Bay — 6 amenities found within 500 m, across 3 categories, including 1 education (nearest 499 m), 4 parks (nearest 128 m).

Search radius
🏫Education1
🌳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 8/2016CA$250k–300k
Sold price

Same street

Bottom 17%

Same area

Top 50%

City-wide

Bottom 34%

Related homes

Highlights & common questions: 245 Marshall Bay, Winnipeg

Property Overview

245 Marshall Bay is a well-situated, mid-century home in Winnipeg's Maybank neighbourhood. Built in 1959, it presents a practical opportunity with a balance of space and value. The 940 sqft house sits on a 6,073 sqft lot, which is notably larger than many city-wide comparables. Its assessed value is positioned around the average for both the local area and the wider city, suggesting a fair market entry point. The home last sold between 2016 and 2025 in the $250k-$300k range.

Key Characteristics & Appeal
This property’s primary appeal lies in its generous lot size, offering more outdoor space than over 70% of homes across Winnipeg—a valuable asset for gardening, expansion, or simple privacy. While the living area is modest and below average for its immediate street, the home is mechanically younger than many of its neighbours, potentially indicating fewer major age-related concerns. It suits first-time buyers or downsizers seeking a manageable footprint without sacrificing yard space, and value-focused investors looking for a solid, land-rich asset in a stable neighbourhood. Its average assessment for the area also suggests it’s not overpriced relative to its peers, providing a grounded starting point for negotiations.

Frequently Asked Questions

1. Is the house smaller than others on the street?
Yes. At 940 sqft, the living area is below the street average (1,111 sqft) and ranks in the bottom 6% for size on Marshall Bay itself.

2. What is the standout feature of the lot?
The land area of 6,073 sqft is a key feature. It is larger than approximately 71% of all residential lots in Winnipeg, offering above-average outdoor space.

3. How does its value compare to similar homes?
Its assessed value of $34,400 is very close to the Maybank neighbourhood average ($33,400) and slightly below the average for Marshall Bay ($36,900), positioning it as a mid-range option in its immediate area.

4. When was it built, and what does that mean?
The home was built in 1959. This makes it newer than about 77% of the homes on its street, which could be favourable regarding the age of some core components compared to older neighbours.

5. How can I find out the exact past sale price?
The provided sale price is a public data range. You can obtain the exact historical sale price by contacting the listing service via email, as they manually provide this detail upon request.

Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.