102 Butterfly Way

102 Butterfly Way – Property Summary

Key Characteristics & Buyer Profile

This is a newer home, built in 2024, located in Winnipeg's Sage Creek neighbourhood. Its standout feature is the land: at 5,748 square feet, it ranks in the top 22% on Butterfly Way and sits slightly above the local average. For a recently built area, that means more outdoor space than most neighbours have.

The living area is 2,182 square feet—above the city average of 1,342, but roughly in line with what's typical for this street and neighbourhood. The assessed value ($151,000) is notably low compared to similar homes nearby (street average: $758,700; neighbourhood average: $596,700). This is likely because the assessment reflects the land and structure value from a recent build, not the resale market. Buyers should not interpret this as a bargain price—rather, it's a data point for tax purposes.

Who this suits: Someone looking for a newer home on a generous lot in a developing suburban area. The larger yard is a genuine advantage here, especially compared to more densely built newer subdivisions. It's less suited to buyers who prioritize location amenities or walkability, since Sage Creek is car-dependent. The low assessed value may appeal to buyers concerned about property taxes, but confirm this with the municipality, as reassessments vary.

Frequently Asked Questions

1. Is the assessed value ($151k) the asking price?
No. Assessed value is used for property tax calculations, not market price. Comparable homes on this street average $758,700 assessed, so the market price is likely far higher. Ask your realtor for recent sale prices in Sage Creek.

2. How does the land size compare to other homes in the area?
It's above average for the street (2nd largest out of 9) and roughly average for the neighbourhood and city. You get a bigger lot than most neighbours on Butterfly Way, but it's not oversized by Sage Creek standards.

3. What does "Top 97%" citywide mean for assessed value?
It means this property's assessed value is lower than 97% of comparable homes across Winnipeg. That's not a negative—it simply reflects that the home is new and the assessment hasn't caught up to market conditions. Higher value here doesn't mean better.

4. Is Sage Creek a good neighbourhood?
It's a relatively new, family-oriented suburb with planned parks and schools. Car access is essential; transit and walkability are limited. If you prefer a central location with amenities within walking distance, this won't suit. If you want a newer home with a yard and quieter streets, it works.

5. Why are there two different averages for "Same area"?
"Same area" in this data refers to the Sage Creek neighbourhood group, which includes 2,224 properties. One average (for living area, year built, land) uses comparable homes within that group. The other (for assessed value) uses the same group but notes the street-level average separately. They're different metrics for different features.