7 Vireo Lane

Property Overview

This 2018-built, two-storey home in Sage Creek offers modern living with a practical footprint. Its key appeal lies in being a relatively new, low-maintenance property in a sought-after neighbourhood. The home features 1,778 sqft of living space, a detached garage, and a full, unrenovated basement offering potential for future customization. The lot is a generous 4,840 sqft, providing good outdoor space for a newer community.

It suits first-time buyers or young families looking for a move-in-ready home in a modern area without the premium of a brand-new build. Its assessed value is notably stable and ranks highly city-wide, suggesting a sound investment. A thoughtful perspective is that while the basement awaits finishing, this allows the next owner to tailor the space to their exact needs without paying a premium for someone else’s choices. The property’s metrics indicate it is a solid, middle-of-the-road home for its immediate street and neighbourhood, offering a balance of space, age, and value without standing out as either the largest or the newest on the block.

Frequently Asked Questions

1. Is this a good value for the Sage Creek area?
The data suggests it represents a stable value. Its assessed value ranks in the top 8% city-wide, indicating strong municipal valuation, and it sits in the middle range for both size and age within Sage Creek itself.

2. What does the "unrenovated basement" mean?
The basement is fully excavated and included in the square footage of the home, but it is unfinished. It presents a blank canvas for future development as a rec room, home office, or additional bedrooms, subject to permits and budget.

3. How does the lot size compare?
At 4,840 sqft, the lot is above average for the street (top 23%) and the neighbourhood. This is a notable feature in newer communities where lots can be smaller, offering more private outdoor space.

4. The home sold in 2021. What does that history tell us?
It sold for $59.5k in late 2021. The current assessed value is very close to that sale price, which may indicate a stable market valuation over the past few years despite broader market fluctuations.

5. Who are the typical buyers in this part of Sage Creek?
Sage Creek attracts a mix of young professionals, growing families, and downsizers seeking modern amenities and community feel. This particular home, with its good lot size and unfinished basement, is likely most appealing to buyers planning to put down roots and grow into the space over time.