Property Overview & Key Characteristics
This 2022-built, one-storey home in Sage Creek offers a modern, low-maintenance lifestyle on a generous lot. Its key appeal lies in being a nearly new property that combines recent construction with an established, sought-after neighbourhood. The home features a renovated basement and an attached garage.
The data suggests a property that balances space and value well. While the living area is comfortably sized, the lot is notably larger than many in the area, ranking in the top third of its street. This is a significant point of appeal for buyers wanting more outdoor space without moving to an older neighbourhood. The home’s recent sale price significantly exceeds its assessed value and ranks exceptionally high against local comparables, indicating strong market demand and perceived value for this specific location and property type.
It would suit first-time buyers seeking a modern, move-in-ready home, downsizers looking for single-level living without sacrificing yard space, or investors attracted by the high desirability of the Sage Creek area, as evidenced by its strong resale performance.
Frequently Asked Questions
1. Why is there such a large difference between the assessed value and the recent sale price?
Property assessments in Manitoba are for tax purposes and often lag behind current market values, especially in high-demand neighbourhoods like Sage Creek. The sale price reflects what buyers are currently willing to pay.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key point to clarify with the seller or listing agent to understand if it’s a finished living space, a recreational room, or has a separate entrance.
3. How does the lot size compare to newer builds in Sage Creek?
At over 5,800 sq ft, this lot is larger than many found on newer streets. Recent construction in the area often features narrower lots, making this property’s outdoor space a relative advantage for its age.
4. The home is listed as a one-storey. Are there any main-floor bedrooms?
The property details do not specify the bedroom count or layout. This is essential information to confirm, as the suitability for single-level living depends on having primary facilities, including a bedroom, on the main floor.
5. What might the high sale price ranking indicate for future value?
Ranking in the top 1% of recent sales in Winnipeg suggests the property is in a highly competitive micro-market within Sage Creek. While not a guarantee, this can indicate stronger value retention, but it also means you are buying at a premium price point for the area.