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)
345
325k
$326/sqft
1960
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43.8 is composed by the two sections below.
Property Score
Community Score
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.
Sales-to-New-Listings
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
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.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111022
$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
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
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.
Nearby stops, routes & transit score
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).
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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 32% | Bottom 20% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
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.
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.
