129 Yolande Street

Property Overview: 129 Yolande Street, Sage Creek, Winnipeg

Section 1: Key Characteristics & Appeal

This property in the sought-after Sage Creek neighbourhood presents a distinct profile. Its most notable characteristic is a very low municipal assessed value of $131k, which ranks it at the very bottom compared to area averages. This suggests the current structure may be modest, in need of significant updates, or could even be a vacant lot with an address, given the lack of living area data. The lot size is approximately 4,319 sq ft, which is below the spacious average for Sage Creek but closer to the typical city-wide lot size.

The primary appeal lies in its location within a modern, family-oriented community (area homes average a 2016 build year) and the significant potential it represents. This is not a move-in-ready home but a ground-floor opportunity. It would perfectly suit a buyer looking to build their dream home in a premium neighbourhood without paying for an existing structure, or an investor/developer planning a new construction project. The value is entirely in the land and the location, offering a rare chance to enter Sage Creek at a base level.

A less obvious perspective is the financial efficiency it may offer. Building new allows for modern energy standards, layouts, and materials from the start, potentially offsetting the upfront cost and effort compared to extensively renovating an older, more expensive home in the same area.

Section 2: Frequently Asked Questions (FAQs)

1. Is this a vacant lot or a teardown?
The data indicates no living area is listed, and the assessed value is exceptionally low for the area. This strongly suggests the property is either a vacant lot or has a structure of negligible value, effectively making it a build-ready site.

2. Why is the assessed value so much lower than area averages?
Municipal assessments are based on the property's state and value from a previous point in time. A $131k assessment in an area where averages are near $600k confirms that the city does not attribute significant value to any existing building, focusing instead on the land value.

3. What can I build here?
You would need to consult the City of Winnipeg's zoning bylaws and any Sage Creek community development guidelines for specifics on allowable housing types, size (floor-area ratio), setbacks, and architectural rules.

4. How reliable are the sold price and comparison data shown?
The site notes its sold price data is from public sources, not the MLS, and may be incomplete. For fully verified sales history and exact figures, you must request a manual lookup from the site operators, as outlined in the "Data notes" section.

5. What are the immediate next steps if I'm interested?
Given the nature of the property, the critical steps are to: verify its legal status and any existing structures via a title search, confirm all building and zoning regulations with the city, and budget for total construction costs—not just the purchase price—to understand the full investment.