Property Overview: 67 Gull Wing Bay, Island Lakes, Winnipeg
Key Characteristics & Buyer Appeal
This two-storey home in Island Lakes offers a well-proportioned living space of 2,047 sqft on a generous 8,097 sqft lot, providing room for both family living and outdoor enjoyment. Its key appeal lies in its strong positional value: the home ranks in the top 10-21% for living area both within the desirable Island Lakes neighborhood and citywide, meaning you get significantly more interior space than most Winnipeg homes. The lot size is also well above the city average, offering a substantial and private yard.
Built in 1993, the home is a classic example of the neighborhood's established period. It features an attached garage and a basement (not renovated), presenting a solid foundation. The assessed value of $520k is above average for the city but sits around the median for its immediate street, suggesting it is priced consistently within a stable, mature enclave.
This property would best suit buyers looking for established community charm with ample space, who value a home that stands above average in size compared to most of the market. It’s ideal for those comfortable with a home from the 90s that may benefit from personal updates over time, and for whom a large, private yard is a priority. It represents a practical choice for a growing family seeking a long-term home in a sought-after area, without the premium of a newly built property.
Frequently Asked Questions
1. How does this home’s size compare to others?
At 2,047 sqft, the living area is notably larger than average. It ranks in the top 10% of all Winnipeg homes and the top 21% on its own street, offering more interior space than most comparable properties.
2. Is the assessed value a good indicator of the likely selling price?
The $520k assessment is a municipal valuation for tax purposes. While it provides a benchmark, market conditions ultimately determine sale price. It’s worth noting this assessment is above the city average but typical for Gull Wing Bay.
3. What does "basement, not renovated" imply?
It indicates the basement is developed but retains its original finishes and systems from the 1990s. It offers functional space but presents a clear opportunity for future modernization to suit a new owner's tastes and needs.
4. How does the lot size benefit the property?
The 8,097 sqft lot is over 23% larger than the city average, providing exceptional outdoor space for gardening, recreation, or future additions like a deck or patio. It also offers greater privacy and distance from neighbors.
5. The home was built in 1993. What should I consider?
Homes from this era are generally well-built but are now 30+ years old. Key systems like the roof, windows, HVAC, and major appliances are likely at or beyond their typical lifespan, so a thorough inspection is advised to plan for potential updates.