Property Overview & Appeal
This two-storey home at 220 Butterfly Way in Sage Creek is a modern, low-maintenance property built in 2023. Its key appeal lies in its combination of a newer build, a fully renovated basement, and above-average space for its immediate area. With 2,394 sqft of living space on a 5,058 sqft lot, it ranks in the top quarter of its street for size and is notably larger than many nearby homes. The attached garage and lack of a pool contribute to its practical, family-friendly layout.
The home’s strongest suit is its financial and positional standing within the broader market. It holds the highest assessed value on its street and ranks in the top 3% of its neighbourhood, suggesting it is perceived as a premium property in the area. This would suit buyers looking for a move-in ready, modern home in a sought-after suburban community who value both space and the security of a newer construction. It’s particularly well-suited for those who want a home that already has a finished basement, avoiding a major future project, and for buyers who appreciate a property that stands out in terms of assessed value within its local context.
Frequently Asked Questions
1. How does the sold price from September 2024 compare to the current assessed value?
The home sold for $86.30k in September 2024, which is approximately 7% below its current assessed value of $92.80k. This recent sale provides a concrete, modern benchmark for the property’s market value.
2. What does the "ranking" data actually tell me about this property?
The rankings compare this home to others on its street, in Sage Creek, and across Winnipeg. They show it is a leader in its immediate area for lot size and assessed value, and is newer than 99% of homes in Winnipeg. This indicates a premium position locally within a generally new neighbourhood.
3. Is the basement renovation reflected in the assessed value?
While the listing confirms the basement is renovated, the assessed value is a municipal valuation for tax purposes and may not capture the full market value of recent renovations. The recent sale price may be a better indicator of what the market currently pays for the home with its finished basement.
4. Who would this home not be ideal for?
This property may not suit buyers seeking an older, character-filled home or those wanting a large, private yard, as the lot is standard for the area. It also may not fit buyers looking for a "fixer-upper" or project, as it is a newer build with a finished basement.
5. How does it compare to the other homes on Butterfly Way?
It has the highest assessed value on the street and is one of the largest homes by living area. The data shows only one other direct neighbour on Butterfly Way with a listed living area, and 220 Butterfly Way is significantly larger, offering more interior space than most immediate comparables.