346 Marshall Bay

Maybank, Winnipeg

Property score

43.8

Below average

Overall 43.8 · Smaller and older than most nearby homes

560 sqft (bottom 1%) · Built in 1945 (15 yrs older than avg)

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

Transit 92.0 · 4-min walk to transit with 5 nearby routes · Within 500m: 6 dining spots, 4 schools, 3 healthcare facilitys, and 5 parks nearby

Living Area

Below average

46% smaller than neighborhood avg.

Year Built

Below average

15 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

43.8 is composed by the two sections below.

Property Score

24.0Low
Living Area560 sqft8Low
Year Built194530Low
Lot Size5,850 sqft74Good
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

below average
560 sqft
0255075100
Same streetBottom 1%Same areaBottom 1%CitywideBottom 1%
Same street · Marshall Bay
#124 / 124
Bottom 1% · Avg 1,111 sqft
Same area · Maybank
#915 / 920
Bottom 1% · Avg 1,043 sqft
Citywide · Winnipeg
#193,714 / 194,458
Bottom 1% · Avg 1,342 sqft

Tax-Assessed Value

below average
243k
0255075100
Same streetBottom 1%Same areaBottom 16%CitywideBottom 16%
Same street · Marshall Bay
#123 / 124
Bottom 1% · Avg 368.9k
Same area · Maybank
#777 / 920
Bottom 16% · Avg 334k
Citywide · Winnipeg
#164,131 / 194,458
Bottom 16% · Avg 390.1k

Year Built

below average
1945
0255075100
Same streetBottom 2%Same areaBottom 10%CitywideBottom 22%

Lot Size

around average
5,850 sqft
0255075100
Same streetBottom 7%Same areaTop 37%CitywideTop 36%

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

346 Marshall Bay — 21 amenities found within 500 m, across 5 categories, including 6 dining (nearest 411 m), 4 education (nearest 330 m), 3 healthcare (nearest 456 m).

Search radius
🍽️Dining6
🏫Education4
🏥Healthcare3
🌳Parks5
Worship3

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 9/2023CA$200k–250k
Sold price

Same street

Bottom 1%

Same area

Bottom 32%

City-wide

Bottom 20%

Related homes

Highlights & common questions: 346 Marshall Bay, Winnipeg

Property Summary: 346 Marshall Bay, Winnipeg

Key Characteristics & Buyer Appeal

This home is defined by its compact size and significant value proposition. At 560 sqft, it is the smallest residence on Marshall Bay and well below average for living space in its neighbourhood and city-wide. Built in 1945, it is also one of the older homes in the area. These factors are reflected in its low assessed value of $24,300, which places it near the bottom for the street but is more competitive within the broader Maybank neighbourhood and Winnipeg.

The primary appeal lies in its entry-level positioning, particularly for its generous 5,850 sqft lot, which is above average for the city. This presents a clear opportunity: a very affordable purchase with substantial land, suited for a buyer comfortable with a small footprint or one with a long-term vision for expansion or redevelopment. It would suit a pragmatic first-time buyer, an investor looking for a land-value play, or someone seeking minimal property taxes and upkeep. A thoughtful perspective is that its low assessment, while indicating modest finishes, could provide a cushion against property tax increases compared to more heavily renovated homes on the street. Its last sale in the $200k-$250k range (2023) suggests it trades on potential rather than current luxury.

Frequently Asked Questions

1. Is this a "tear-down" property?
While its small size and age suggest redevelopment potential, especially given the large lot, its recent sale and occupancy indicate it is a functional home. It is likely best viewed as a "fixer-upper" with major redevelopment or expansion being a viable future option.

2. Why is the assessed value so much lower than the recent sale price?
Municipal assessed value for taxation purposes often lags behind market value, especially after a recent sale. The sale price reflects what a buyer was willing to pay in the open market, which considered the land value and potential beyond the current structure's condition.

3. What are the main compromises with a home of this size?
Living comfortably in 560 sqft requires efficient use of space and minimal possessions. Storage, appliance size, and hosting ability will be limited. The floor plan and functionality of the original 1945 layout will be key considerations.

4. How does the lot size compare to nearby properties?
At 5,850 sqft, the lot is larger than the city average and is a standout feature. On Marshall Bay, it is slightly below the street average but remains a significant parcel, offering more outdoor space and potential than most typical city lots.

5. Where can I see more detailed data on how this property compares to its immediate neighbours?
You can use the provided link to "Open neighbourhood map analysis" for an interactive visual comparison of year built, living area, assessed value, and lot size for nearby houses.

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