Property Overview: 4 Gull Wing Bay, Island Lakes, Winnipeg
This home presents a practical and comfortable living proposition in the well-established Island Lakes neighbourhood. Built in 1997, it is a newer construction compared to many Winnipeg homes. The 1,532 sqft house sits on a generous 7,179 sqft lot, offering more outdoor space than most in the city. It features a renovated basement and an attached garage. The appeal here is one of balance: it offers modern enough infrastructure to avoid major immediate renovations, coupled with a lot size that provides room to breathe and garden. Its assessed value positions it as a solid, mid-range property city-wide.
This home would suit first-time buyers looking for a move-in-ready property with space to grow, or downsizers seeking a manageable single-family home without sacrificing yard space. It’s for buyers who value the mature trees and settled feel of Island Lakes over a brand-new subdivision, and who appreciate a home that performs efficiently for its size rather than boasting the largest footprint on the street.
Frequently Asked Questions
1. How does this home’s size compare to others in the area?
At 1,532 sqft, the living area is somewhat more compact than the immediate neighbourhood average, but it is above the city-wide average. This often translates to lower utility costs and less maintenance, while the lot size is significantly larger than many city properties.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the listing agent to understand if it’s a finished recreational space, contains additional bedrooms, or has a separate entrance.
3. Is the assessed value a reliable indicator of the listing price?
Not directly. The assessed value ( $50.90k ) is for municipal tax purposes and is typically much lower than market value. The actual sale price will be determined by current market conditions, the home’s condition, and buyer demand.
4. What are the benefits of a 1997 build in this neighbourhood?
Island Lakes has many homes built in the 1980s. A 1997 build means major components like the roof, windows, and furnace are likely 10-15 years newer than many neighbours, potentially deferring significant replacement costs.
5. How does the lot size impact the property?
The lot is over 7,000 sqft, which is a standout feature. It provides ample private outdoor space, room for gardening, play structures, or future additions like a shed or deck, which can be rare in many city neighbourhoods.