39 Gull Wing Bay

Property Overview: 39 Gull Wing Bay, Island Lakes, Winnipeg

Key Characteristics & Appeal

This two-storey home in Island Lakes presents a compelling blend of space, location, and value. With 1,600 sqft of living area, it sits comfortably above the Winnipeg average, offering ample room for a growing family or those who appreciate spacious interiors. The property stands out for its generous 9,394 sqft lot, providing significant outdoor space that is well above neighbourhood and city norms—a rare find for those prioritizing yard size. A key feature is the renovated basement, adding valuable finished living space.

Its appeal lies in its strong positional value. While the home itself is of average size for its immediate street and neighbourhood, it ranks highly in assessed value, indicating it is considered a premium property within its peer group. Built in 1998, it is notably newer than most homes on its street and across Winnipeg, suggesting potentially fewer major maintenance concerns in the near term. The attached garage and quiet cul-de-sac setting on Gull Wing Bay add to its practical, family-friendly charm.

This home would best suit buyers looking for an established, family-oriented community with larger lot sizes. It’s ideal for those who want above-average city living space without the footprint of a brand-new home, and who value a property that holds a strong assessed value position within its market. It’s a solid choice for practical buyers who see the worth in a renovated basement, a newer build date, and the room to grow outdoors.

Frequently Asked Questions

1. How does this home’s size compare to others nearby?
At 1,600 sqft, the living area is slightly below the average for Gull Wing Bay itself but remains above the average for both the wider Island Lakes neighbourhood and the city of Winnipeg as a whole. The lot size, however, is significantly larger than most nearby properties.

2. What does the "above average" assessed value ranking mean?
The assessed value of $58.70k places this home in the top 9% of properties in Island Lakes and citywide. This suggests the municipal assessment views it as a higher-value home compared to most peers, which can be a positive indicator for equity, though property taxes will be relative to this value.

3. Are there any known issues with homes built in 1998?
Being built in 1998 is generally a positive, as it is newer than many Winnipeg homes. However, buyers should still be mindful of components that may be nearing the end of their typical lifespan, such as the roof, original windows, or major appliances. A thorough inspection is always recommended.

4. What is the benefit of having a renovated basement?
A renovated basement immediately adds functional living space without the need for a costly project. It can serve as a family room, home office, or guest space, increasing the home’s usability and appeal. Ensure renovations were done with proper permits.

5. How can I find out the exact historical sale price?
The provided sold price is a range based on public data. For the exact sale price from its last transaction in July 2020, you must request it directly via the email prompt on the listing page. The service is manual but provided without marketing spam.