15 Red Lily Road

Property Overview & Key Characteristics

This two-storey home in Sage Creek offers a practical and modern living space, built in 2011. Its key appeal lies in its balance of established community living and relative newness. The home features a renovated basement and an attached garage, situated on a lot that is larger than most on its street. With just over 2,000 square feet of living area, it provides ample room for a growing family or those who appreciate dedicated space for work or hobbies.

Its value is underscored by a recent sale in mid-2023, and its assessed value is competitive within the wider Winnipeg market. The property ranks highly for its newer age compared to city-wide averages, suggesting modern building standards and less immediate need for major updates. It would suit buyers looking for a move-in ready home in a sought-after neighbourhood who prioritize a balance of indoor living space and a generous yard. A thoughtful perspective is that while the home isn't the largest in Sage Creek, its above-average lot size for the street offers valuable outdoor potential that can't be easily added later.

Frequently Asked Questions

1. How does this home compare to others in Sage Creek?
The home sits in a solid middle range for the neighbourhood. It's newer than about 80% of Winnipeg homes and has a larger lot than 75% of its immediate neighbours, but its living space is comfortably average for the area.

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 detail to clarify with the seller or agent to understand if it's a finished recreational space, additional bedrooms, or a secondary suite.

3. Is the 2023 sale price a reliable indicator of current value?
The sale from June 2023 provides a recent market benchmark. However, property values can shift. A current market evaluation would be needed to determine if this price reflects today's conditions, making a professional appraisal or comparative market analysis advisable.

4. What are the potential property tax implications?
With an assessed value of $60,100, property taxes would be calculated based on the City of Winnipeg's mill rate. You can estimate annual taxes by multiplying this assessed value by the current residential mill rate.

5. The lot is larger than many on the street. What are the advantages?
A larger lot (4,931 sq ft) offers more private outdoor space for gardening, play, or entertaining. It may also provide better sightlines and spacing from neighbours. For future owners, it could allow for additions like a larger deck or shed, subject to local bylaws.