58 Gull Lake Road

Property Summary: 58 Gull Lake Road, Winnipeg

Section 1: Key Characteristics & Appeal

This 936 sqft bungalow, built in 1978 on a 4,453 sqft lot, presents a practical and value-conscious opportunity in the Waverley Heights neighborhood. Its primary appeal lies in its relative affordability and efficient footprint. With an assessed value significantly below the local area averages, it offers a more accessible entry point into a established community. The home’s living area is modest but functional, ranking as a typically-sized property on its own street, which suggests it fits the scale of the immediate area.

This property would suit first-time buyers, downsizers, or investors seeking a lower-maintenance home without sacrificing location. It’s a pragmatic choice for those who prioritize financial efficiency and a manageable yard over sheer size. A thoughtful perspective is that its below-average metrics for the wider neighborhood might actually be an advantage; it represents a chance to own in the area without paying the premium for larger, more modern homes, offering potential for personalization and value growth over time.

Section 2: Frequently Asked Questions

1. Is the smaller living area a disadvantage?
Not necessarily. While below the neighborhood average, the home’s size is very typical for Gull Lake Road itself. This can mean lower utility costs, less upkeep, and a cozier, more efficient layout, which is ideal for smaller households.

2. Why is the assessed value notably lower than area averages?
The assessed value reflects factors like the home’s size, age, and features relative to others. Its value ranking higher (84th percentile) on its own street than in the city (71st percentile) suggests it is priced appropriately for its immediate context, offering a value proposition within Waverley Heights.

3. What does the "Above Average" year built ranking for the neighborhood mean?
In the Waverley Heights context, a 1978 build is newer than many homes (ranking in the top 18%). This indicates the structure may be relatively younger than many in the broader area, potentially meaning fewer immediate major age-related updates.

4. Is the lot size a concern?
The lot is very standard for Gull Lake Road but smaller than many in Waverley Heights. This translates to less yard maintenance—a plus for those seeking ease—while still providing private outdoor space.

5. How should I interpret these rankings?
The rankings compare this home to similar properties at three levels: its street, neighborhood, and city. They highlight that this is a competitively priced, average-sized home for its specific street, positioned as a more affordable option within the desirable wider neighborhood.