Property score
63.1
Fair
Overall 63.1 · Compared with neighbourhood average
1,036 sqft (top 38%) · Built in 1958 (2 yrs older than avg)
Located in a high-income area with median household income of ~92k
Transit 86.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 1 school, 7 parks, and 1 place of worship nearby
Living Area
Near average
1% smaller than neighborhood avg.
Year Built
Near average
2 yrs older than neighborhood avg.
Mother tongue
English · 73%Chinese · 3%
Past 10 years Maybank sales snapshot (~80% of all data)
345
325k
$326/sqft
1960
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63.1 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: #46110434
$92K
Median household income
$101K
Average household income
4%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.5
P90 / P10 ratio
18%
Single-person households
32%
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
38 Farwell Bay — 9 amenities found within 500 m, across 3 categories, including 1 education (nearest 232 m), 7 parks (nearest 66 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 33% | Top 40% | Bottom 40% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
38 Farwell Bay is a 1,036 sqft bungalow built in 1958, situated on a 5,992 sqft lot in Winnipeg's Maybank neighbourhood. Its key appeal lies in its established character and practical footprint. The home is older than most on its street, suggesting a well-maintained original or a canvas for personalization. While the living space is modest compared to immediate neighbours, it is very close to the city-wide average, offering a manageable layout for everyday living. The lot size is smaller than others on Farwell Bay but is typical for the broader area, requiring less maintenance. The assessed value is consistent with the local market, indicating a fairly priced entry point into a mature community.
This property would suit first-time buyers or downsizers looking for a solid, no-frills home in a settled area. Its appeal is grounded in practicality rather than luxury, ideal for someone comfortable with a home of this vintage who values location and lot potential over square footage. A thoughtful buyer might see the smaller lot as an advantage for lower upkeep, and the home's age as a sign of enduring construction quality from its era.
Frequently Asked Questions
What does the "Elite" ranking for Year Built mean?
This indicates the home, built in 1958, is one of the newer houses on Farwell Bay itself, where most homes are older. It doesn't mean the home is new, but that it's relatively newer within its immediate street context.
Is the living area too small?
At 1,036 sqft, it is below the average for Farwell Bay but is very close to the average for both the Maybank area and the entire city. It represents a standard, efficient single-family footprint common for its time.
How does the lot size compare?
The lot is 5,992 sqft, which is on the smaller side for Farwell Bay but is actually larger than the average lot in the Maybank neighbourhood. It offers a balance of outdoor space without excessive maintenance.
Why is the city-wide assessed value average so much higher?
The city-wide average assessed value shown (~$390k) includes all property types and values across Winnipeg. The more relevant comparison is the "Same area" (Maybank) average of ~$33.4k, against which this home is competitively positioned.
How can I get the exact historical sold price?
The listed sale range is based on public data. The exact sold price is available by request via email from the listing service, which they provide manually without using your email for marketing.
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