84 Farwell Bay

Maybank, Winnipeg

Property score

68.8

Good

Overall 68.8 · Larger than most nearby homes

1,206 sqft (top 14%) · Built in 1957 (3 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

Above average

16% larger 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)

Sold Count

345

Median price

325k

$/sqft

$326/sqft

Avg build year

1960

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Property score

68.8 is composed by the two sections below.

Property Score

62.4Fair
Living Area1,206 sqft66Good
Year Built195743Low
Lot Size6,042 sqft81Excellent
Neighbourhood Sales Activity42Low

Community Score

78.3Good
Household Income81Excellent
Education Level63Fair
Housing Stress100Excellent
Core Housing Need100Excellent
Employment Health52Fair

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: #46110434

Community deep dive

$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

Population, labour & age

Population (2021)467
Labour force participation rate62%
Median age46.0
Avg household size2.6
Unemployment rate13%
Population density1556 / km²

Households & income

Low income (LIM-AT, % pop.)4%
Single-person households18%
Couple families with children32%
Median household income (2020)$92K

Housing

Renter households8%
Condominium dwellings0%
Median dwelling value (owners)$348K

Diversity, education & language

Immigrants (share of pop.)19%
Visible minority13%
Bachelor's or higher (25–64)30%
Mother tongue (1st)English · 73%
Mother tongue (2nd)Chinese · 3%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
1,206 sqft
0255075100
Same streetTop 9%Same areaTop 14%CitywideTop 50%
Same street · Farwell Bay
#4 / 43
Top 9% · Avg 1,114 sqft
Same area · Maybank
#130 / 920
Top 14% · Avg 1,043 sqft
Citywide · Winnipeg
#96,304 / 194,458
Top 50% · Avg 1,342 sqft

Tax-Assessed Value

around average
354k
0255075100
Same streetBottom 19%Same areaTop 44%CitywideBottom 48%
Same street · Farwell Bay
#35 / 43
Bottom 19% · Avg 371.7k
Same area · Maybank
#409 / 920
Top 44% · Avg 334k
Citywide · Winnipeg
#101,844 / 194,458
Bottom 48% · Avg 390.1k

Year Built

around average
1957
0255075100
Same streetTop 35%Same areaTop 34%CitywideBottom 37%

Lot Size

above average
6,042 sqft
0255075100
Same streetBottom 37%Same areaTop 33%CitywideTop 30%

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

84 Farwell Bay — 9 amenities found within 500 m, across 3 categories, including 1 education (nearest 194 m), 7 parks (nearest 109 m).

Search radius
🏫Education1
🌳Parks7
Worship1

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 1/2025CA$350k–400k
Sold price

Same street

Top 44%

Same area

Top 23%

City-wide

Top 46%

Related homes

Highlights & common questions: 84 Farwell Bay, Winnipeg

Property Overview & Key Characteristics

84 Farwell Bay is a well-established, mid-century home in Winnipeg's Maybank neighbourhood. Built in 1957, it offers 1,206 sqft of living space on a generous 6,042 sqft lot. Its primary appeal lies in its space efficiency and land value. The home's living area ranks in the top 9% for its immediate street, offering more interior space than most direct neighbours. Meanwhile, the lot size is notably above average city-wide (top 30%), presenting a solid foundation of land value in a mature area.

This property would suit a practical buyer looking for a character home with room to grow outdoors, or an investor attracted by a lower assessed value relative to the neighbourhood. It's a home that prioritizes lot size and functional interior space over modern luxury or a high assessment, making it a potential value-play for those willing to take on updates.

Frequently Asked Questions

1. Why is the assessed value relatively low for the area?
The assessed value of $35.4k ranks below average on its own street. This can sometimes reflect the home's older condition or specific market factors at the time of assessment, not necessarily the market price. It's important to distinguish between municipal assessment for taxation and current market value.

2. How does the recent sale price compare?
The home sold in 2025 for an estimated $350k–$400k. This sold price ranked in the top 44% for the street but the top 23% for the wider Maybank area, suggesting it may have been perceived as a stronger value within the broader neighbourhood context.

3. What does the "above average" living area mean for daily life?
With 1,206 sqft ranking highly on its street, the home likely offers better room proportions or more bedrooms than many nearby comparables. This is a key advantage for families or anyone needing defined space without a sprawling footprint.

4. Is the 1957 build date a concern?
The year built is typical for the area. A home of this age will likely have original components that require mindful maintenance or updating. Prospective buyers should budget for potential updates to major systems like plumbing, electrical, or the roof, while also appreciating the character and solid construction of the era.

5. How can I get the exact historical sale price?
The listing service provides estimated sold price ranges publicly. To obtain the exact sale price from their records, you must request it via email through the button provided on their site. They manually provide this data and state they do not use email addresses for unsolicited marketing.

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