Property score
79.6
Good
Overall 79.6 · Smaller than most nearby homes
1,313 sqft (bottom 20%) · Built in 1996 (1 yr newer than avg)
Located in a high-income area with median household income of ~133k
Transit 62.0 · 3-min walk to transit with 1 nearby route · Within 500m: 3 parks nearby
Living Area
Below average
20% smaller than neighborhood avg.
Year Built
Near average
1 yrs newer than neighborhood avg.
Mother tongue
English · 70%French · 6%
Past 10 years Island Lakes sales snapshot (~80% of all data)
654
580k
$348/sqft
1995
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79.6 is composed by the two sections below.
Property Score
Community Score
Island Lakes
How to read: Share of sales in each ~$50k price band for “island lakes” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111202
$133K
Median household income
$160K
Average household income
5%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.0
P90 / P10 ratio
14%
Single-person households
38%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
27 Gull Wing Bay — 3 amenities found within 500 m, across 1 categories, including 3 parks (nearest 223 m).
Island Lakes · WPS public data · 2026
Annual incidents
3
2026
vs. city avg
-90%
relative to avg
Year-over-year
▼ -97%
vs. prior year
Primary type
Violent
67%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 25% | Top 37% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 27 Gull Wing Bay, Island Lakes
Key Characteristics & Buyer Profile
This single-storey home in the established Island Lakes neighbourhood presents a practical, entry-level opportunity. Its key appeal lies in its relative affordability within a desirable area, underscored by a recently renovated basement that adds functional living space. At 1,313 sqft, the living area is modest, particularly for its immediate street where it ranks in the bottom 5% for size. However, this translates to a more manageable layout for certain lifestyles. The lot is also on the smaller side for the street but is average for the wider neighbourhood and city.
The home suits first-time buyers or downsizers seeking a lower-maintenance, one-storey layout in a mature community with access to parks and waterways. Its assessed value is notably above the Winnipeg city-wide average, suggesting the premium for the Island Lakes location, yet it remains below the average for its own bay. This creates a value proposition: you're buying into a well-regarded neighbourhood at a point of entry. A thoughtful perspective is that while the home is smaller than its immediate neighbours, this can mean lower utility costs and less upkeep, aligning with efficient living. The 1996 build date is newer than most city homes, potentially implying fewer major system updates in the near term compared to older inventory.
Frequently Asked Questions
1. Is the living space too small?
While below average for Gull Wing Bay, the home's square footage is near the city-wide average. The renovated basement significantly expands usable space, making the overall footprint practical for a small family, couple, or individual.
2. How does the assessed value compare?
The assessed value is above the Winnipeg average, reflecting the desirability of Island Lakes. On its own street and in the neighbourhood, it sits around or slightly below average, which can indicate a competitively priced listing within this specific market.
3. What does the lot size mean for me?
At just over 5,700 sqft, the yard is smaller than most on the bay but is standard for many city homes. It offers enough space for a patio or garden while requiring less maintenance than larger lots.
4. Is the 1996 build date a positive?
Yes. Built 30 years ago, the home is newer than most in Winnipeg. This age often means modern construction standards, potentially more efficient insulation, and that major components like the roof or windows may have been updated more recently than in much older homes.
5. Who would this home not suit?
Buyers needing extensive main-floor square footage or a very large, private yard may find it limiting. It's best for those who prioritize location and a manageable layout over maximum interior and land size.
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