Property Overview: 63 Gull Wing Bay, Island Lakes
Key Characteristics & Appeal
This one-storey home in Island Lakes presents a compelling blend of space, location, and rarity. Its primary appeal lies in its exceptional land size—a 15,699 sqft lot that ranks in the top 3% on its own street and top 2% citywide. This offers uncommon potential for privacy, gardening, or expansion in a mature neighbourhood. The home itself, built in 1994, is above average in size for Winnipeg (1,725 sqft living area) and features a renovated basement and desirable amenities like a pool and attached garage.
A thoughtful perspective is that this property represents a "land-value proposition" in a well-established area. While the house is solid and updated, the lot is the standout asset, offering a future hedge and immediate outdoor living space that is increasingly hard to find. It suits buyers who prioritize long-term value and space over a brand-new build, such as growing families seeking room for kids and pets to play, or downsizers who want a manageable single-level layout without sacrificing a generous, park-like yard. The high assessed value relative to the area underscores its premium standing.
Frequently Asked Questions
1. How does the lot size compare to typical Winnipeg homes?
The lot is exceptionally large. At 15,699 sqft, it is more than double the average lot size for both the Island Lakes area and the city of Winnipeg as a whole.
2. Is the living space above or below average for the neighbourhood?
The living area (1,725 sqft) is slightly below the immediate street average but is above the citywide average. It offers comfortable space, with the property’s standout feature being the land, not the square footage of the home itself.
3. What does the "Elite" ranking for Assessed Value indicate?
It means the home’s municipal assessed value is among the highest 2-4% of comparable properties in its immediate area and citywide. This typically reflects the combined value of the large lot, renovations, and amenities.
4. The home was last sold in 2019. What can the price range tell me?
The published sold price range (48.50k ~ 51.50k) provides a historical benchmark from over five years ago. For a precise figure to inform current market value, you must request the exact sold price from the site via email.
5. Who would this property suit best?
It is ideally suited for buyers who value expansive outdoor space and see the long-term potential in a large lot. It fits families or individuals who want a established neighbourhood feel but don’t want to compromise on yard size, and who appreciate the convenience of a renovated basement and single-storey layout.