273 Gull Lake Road

Property Overview: 273 Gull Lake Road, Winnipeg

Key Characteristics & Appeal

This well-situated home in Waverley Heights presents a compelling blend of above-average modern comforts within a mature neighbourhood. Built in 1990, it is notably newer than most homes in the area, ranking in the top 3% for its year of construction within the neighbourhood. This suggests updated building standards and potentially fewer major maintenance concerns compared to older peers.

The 1,088 sqft living space is efficiently designed, offering more room than the average home on Gull Lake Road itself. Its true appeal lies in its desirable balance: it provides modern living in an established area without the premium often attached to brand-new subdivisions. The assessed value of $416k is above average for the street, indicating strong intrinsic value relative to its immediate neighbours.

This property would suit first-time buyers or downsizers seeking a manageable, move-in-ready home in a stable community. It’s also a practical choice for value-conscious buyers who prioritize a newer build year and solid street-level rankings over a very large lot, as the land area is more compact compared to the broader neighbourhood.

Frequently Asked Questions

1. How does this home compare in size to others nearby?
At 1,088 sqft, the living area is above the average for Gull Lake Road itself. It is slightly below the average for the wider Waverley Heights neighbourhood, positioning it as a comfortable, mid-size option in the area.

2. What does the "Elite" ranking for year built mean?
This means the 1990 build date is newer than 97% of comparable homes in the Waverley Heights neighbourhood. It is a relatively modern home in a mature area, which can be advantageous for systems, layout, and energy efficiency.

3. Is the assessed value a good indicator of the listing price?
The assessed value of $416k is a municipal valuation for tax purposes. It is notably above the street average, suggesting the property holds value relative to its direct neighbours. Market conditions and specific home features will ultimately determine the listing and sale price.

4. The lot seems smaller than the neighbourhood average. Is that a concern?
The 4,755 sqft lot is around average for Gull Lake Road but below the average for Waverley Heights. This translates to less yard maintenance, which many buyers appreciate. It’s a trade-off that contributes to the home’s manageable scale.

5. What’s the main takeaway from these statistics?
This home shines brightest on its own street and by its modern build date. It offers the benefits of a newer construction in an established setting, with above-average space and value compared to its immediate neighbours, making it a strong and efficient choice within its locale.