Property score
44.2
Below average
Overall 44.2 · Smaller than most nearby homes
888 sqft (bottom 27%) · Built in 1954 (6 yrs older than avg)
Located in a above-average income area with median household income of ~70.5k
Transit 82.0 · 6-min walk to transit with 7 nearby routes · Within 500m: 1 school, 7 parks, and 1 place of worship nearby
Living Area
Below average
15% smaller than neighborhood avg.
Year Built
Near average
6 yrs older than neighborhood avg.
Mother tongue
English · 70%Punjabi · 3%
Past 10 years Maybank sales snapshot (~80% of all data)
345
325k
$326/sqft
1960
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44.2 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: #46110433
$71K
Median household income
$74K
Average household income
12%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.9
P90 / P10 ratio
25%
Single-person households
25%
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
56 Biscayne Bay — 9 amenities found within 500 m, across 3 categories, including 1 education (nearest 147 m), 7 parks (nearest 59 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 24% | Bottom 11% | Bottom 12% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 3% | Bottom 2% | Bottom 6% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 56 Biscayne Bay, Winnipeg
Key Characteristics & Appeal
This home at 56 Biscayne Bay in Maybank is a study in contrasts, offering a unique value proposition. Built in 1954, it is notably one of the oldest homes on its street, which may appeal to those interested in a well-established neighbourhood character. With 888 sqft of living space, the house is compact, ranking around average for Biscayne Bay but below average for the wider Maybank area and city. Its assessed value is modest at $23,900, positioning it as an accessible entry point into the market.
The primary appeal lies in its efficiency and location. The smaller scale suggests lower utility costs and manageable upkeep, ideal for a first-time buyer, downsizer, or investor. A less obvious perspective is the lot size: at 1,868 sqft, it is significantly smaller than most in Winnipeg. This isn't necessarily a drawback; it translates to minimal yard maintenance, a growing preference for those seeking a low-maintenance lifestyle without sacrificing private outdoor space.
This property would best suit practical, budget-conscious buyers. It’s a straightforward home for someone who values location over sheer size, and sees the modest assessment as an opportunity for potential equity growth through updates, rather than a fixer-upper with a high initial price tag.
Frequently Asked Questions
1. Is this a small house?
Yes. At 888 sqft, it is below the average home size for both the Maybank neighbourhood and Winnipeg overall. It is designed for efficient living.
2. Why is the assessed value so much lower than the city average?
The assessed value of $23,900 reflects the home's smaller size, older age, and modest lot dimensions relative to the broader Winnipeg market. It indicates a lower property tax base, which is a key part of its affordability.
3. What does it mean that it's one of the oldest on the street?
Built in 1954, this home is among the first built on Biscayne Bay. This can mean mature landscaping and a settled streetscape, but buyers should ensure a thorough inspection to understand the condition of major aging components like the roof, plumbing, and electrical systems.
4. The lot seems small. What are the implications?
The 1,868 sqft lot is significantly smaller than typical Winnipeg lots. The benefit is very low yard maintenance. The consideration is limited space for expansions, large decks, or extensive gardening.
5. How accurate are the sold price ranges shown?
The listed price ranges (e.g., CA$200k–250k in 2019) are estimates based on public data. To obtain the exact historical sale price, you must request it directly via the provided email service, which is manually verified.
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