Property score
64.1
Fair
Overall 64.1 · Compared with neighbourhood average
1,036 sqft (top 38%) · Built in 1957 (3 yrs older than avg)
Located in a high-income area with median household income of ~92k
Transit 94.0 · 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
3 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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64.1 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
53 Farwell Bay — 9 amenities found within 500 m, across 3 categories, including 1 education (nearest 282 m), 7 parks (nearest 72 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 11% | Top 47% | Bottom 36% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 53 Farwell Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home, built in 1957, presents a classic Winnipeg bungalow profile with distinct characteristics. Its primary appeal lies in its generous, above-average lot size of over 6,700 sqft, offering significant outdoor space that stands out in its immediate neighborhood and city-wide. The living area of 1,036 sqft is modest but functional, aligning with the average for similar homes in the broader Maybank area. The property’s assessed value is notably below average for its specific street, which may indicate potential value relative to its neighbors, but aligns closely with city-wide averages for comparable homes.
This property would suit a pragmatic buyer who values land and space over a large interior footprint. It’s ideal for someone looking for a manageable-sized home with room for gardening, expansion, or outdoor recreation. The data suggests it’s a “middle-of-the-road” home in many metrics, making it a grounded option for first-time buyers, downsizers, or investors seeking a stable asset in a well-established area. Its appeal is less about standout luxury and more about solid fundamentals and the less common benefit of a larger parcel of land in a mature neighborhood.
Section 2: Frequently Asked Questions
1. Why is the assessed value on this street so low compared to neighbors?
The data shows this home has the lowest assessed value on Farwell Bay. This could be due to a variety of factors, including the home’s specific condition, interior finishes, or improvements relative to others on the street. It’s a key point for due diligence, potentially representing an opportunity or indicating needed updates.
2. How does the lot size compare practically?
At 6,718 sqft, the lot is significantly larger than the city average. This translates to more private yard space, potential for additions like a garage or shed, and fewer constraints on landscaping compared to many standard city lots.
3. What does the sale history from 2017 tell us?
The home sold for an estimated $250k-$300k in 2017. This historical price provides a benchmark, but market conditions have evolved. Reviewing recent sales of similar-sized homes in Maybank is essential for understanding its current market value.
4. Is the living space sufficient for a family?
At just over 1,000 sqft, the living area is compact. It would suit a small family, a couple, or an individual comfortably. Buyers with needs for multiple large bedrooms or dedicated home offices should carefully consider the layout and potential for renovation.
5. The home is nearly 70 years old. What should I consider?
A home of this age will likely have had many systems updated over time. A thorough inspection is crucial to understand the condition of the roof, foundation, plumbing, electrical, and insulation. Its vintage also means it was built with different standards and materials than modern homes.
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