Key Characteristics & Buyer Profile

This property offers an unusual combination: a living area assessed well below average for its street, area, and city—ranking in the bottom 1 to 3 percent—paired with a land area that sits above average. The lot measures 5,518 square feet, which places it in the top 22 percent on Butterfly Way, the top 42 percent in Sage Creek, and the top 42 percent citywide in Winnipeg. The home itself is also newer than many nearby, with a year-built ranking in the top 42 percent across all three scopes.

The appeal is in the trade-off. You get a larger-than-typical piece of land and a relatively recent build, but the house itself is compact. This suits buyers who prioritize outdoor space and a newer structure over square footage—perhaps someone downsizing from a larger home, a couple or single person who doesn’t need extra rooms, or an investor who sees potential in a low-living-area valuation on a generous lot. It could also appeal to someone who wants a smaller footprint for lower maintenance and utility costs while still being in a sought-after neighbourhood like Sage Creek. The assessed value of $149,000 (below average) reinforces that you’re paying primarily for the land and the build year, not interior size.

Five Possible FAQs

1. Why is the living area assessed so low when the land and year built are above average?
This likely reflects a smaller house footprint—fewer bedrooms or a more efficient floor plan—rather than any quality or condition issue. The assessment separates living area from land value; here, the land and newer construction are the stronger assets.

2. How should I interpret the ranking bars on the detail page?
The bar fill shows roughly what share of comparable homes you outperform in each category. Red, blue, amber, and gray tiers indicate performance ranges. “Avg” is a rough median for similar properties in that scope, not a strict market benchmark.

3. Is a low living-area ranking a red flag?
Not necessarily. It can signal a smaller home, which may be intentional or a limitation. You’d want to check if the layout works for your needs and whether the low assessed value keeps property taxes affordable. It could also mean there’s room to add value through an addition—if zoning allows.

4. Does the assessed value of $149k reflect the market price?
Assessed value is a government estimate for tax purposes, not a current market price. In a desirable area like Sage Creek, the actual sale price could be higher, especially given the large lot and newer build. It’s a starting point, not a final number.

5. What does “bottom 1% on Butterfly Way” actually mean?
It means out of all homes on that street, this property’s living area is smaller than about 99% of them. The same logic applies to the area and city rankings. It’s a relative measure—useful for understanding how this home compares to neighbours, not a judgment of quality.