50 Gull Wing Bay

Property Overview: 50 Gull Wing Bay, Island Lakes, Winnipeg

Key Characteristics & Appeal

This two-storey home in the established Island Lakes neighbourhood offers a practical and spacious family layout. With over 2,000 square feet of living space, it sits well above the average for both the local area and the wider city, providing ample room. The property includes an attached garage and a full, unrenovated basement, presenting a blank canvas for future expansion or customization. Built in 1993, it is a solidly-built home from a period known for reliable construction, situated on a standard-sized lot for the street.

Its primary appeal lies in its above-average interior space within a mature, sought-after community. The home suits buyers looking for a ready-to-live-in property with generous square footage, who may also value the potential to add their own touch to the basement over time. It represents a balanced option—not the newest on the block, but offering more house for the assessed value compared to many city-wide peers. A thoughtful perspective is that while the basement awaits finishing, this deferral can be an advantage for buyers who wish to tailor the space to their specific needs without first undoing someone else’s renovations.

Frequently Asked Questions

1. How does this home’s size compare to others nearby?
At 2,057 sqft, the living area is in the top 15% for Gull Wing Bay and the top 10% for both the Island Lakes neighbourhood and the entire city, indicating it is a notably spacious home for its assessed value.

2. What does the assessed value tell me?
The assessed value of $519,000 is around the average for its immediate street but places in the top 29% for Island Lakes and the top 17% city-wide. This suggests the property holds stronger value relative to a broad market comparison than it does just on its own block.

3. Is the basement finished?
No, the basement is not renovated. This presents both a cost consideration and an opportunity for future customization to suit the next owner’s needs.

4. How old is the property, and what does that mean?
The home was built in 1993 (33 years ago). While this is slightly older than the average on its street, it is typical for the Island Lakes area. Homes from this era often feature well-understood construction materials and layouts, with major components possibly nearing their service life but not necessarily as dated as much older inventory.

5. Where can I find the exact historical sale price?
The listing notes that exact sold price history is available by request. You can provide your email to the listing service to receive the accurate figure manually, as the public data only shows a price range for past sales.