Property Summary: 66 Tanager Trail, Sage Creek, Winnipeg
Key Characteristics & Appeal
This 2019-built home in the sought-after Sage Creek neighbourhood presents a compelling blend of modern living and established value. Its key characteristics include a renovated basement, an attached garage, and a generous 6,220 sqft lot that ranks within the top 20% for size on its street. With 1,828 sqft of living space, the property is positioned comfortably above average for both Winnipeg and the immediate area.
The primary appeal lies in its proven investment trajectory and desirable location. The home last sold in May 2020 for $700,000, a price point that placed it in the top 3% of Winnipeg at the time, indicating a premium purchase. Its current assessed value of $73,700 is notably high, ranking in the top 10% of the neighbourhood and top 3% city-wide, suggesting strong municipal valuation. As a newer build now seven years old, major components like the roof, windows, and mechanical systems are likely still in good condition while any initial "newness" quirks have been resolved. The renovated basement adds immediate functional space without the need for a future project.
This property would suit buyers looking for a move-in ready home in a mature, family-oriented community who appreciate data-backed value. It’s ideal for those who want the amenities and aesthetic of a newer suburb without being in a brand-new construction phase, and for value-conscious buyers who see merit in a high assessed value relative to similar properties. It may also attract buyers who prioritize lot size for outdoor space, as the land parcel is a significant feature here.
Frequently Asked Questions
Q: What does the high assessed value actually indicate?
A: A municipal assessed value in the top 3% city-wide generally reflects the city’s opinion of the property’s worth relative to others, often based on lot size, improvements, and recent sales in the area. It’s a key data point for understanding the property’s tax base and official valuation.
Q: The home sold for $700k in 2020. How should I interpret that today?
A: That past sale price shows the property commanded a premium price at that time, placing it in the top tier of the market. It provides a historical benchmark for the home’s perceived value in a different interest rate environment, useful for understanding its market trajectory.
Q: How does the lot size compare practically?
A: At over 6,200 sqft, the lot is substantially larger than many in newer subdivisions. This translates to more backyard space, greater distance from neighbours, and potentially more landscaping or recreational options.
Q: The property is noted as having a "renovated basement." What should I ask about this?
A: It’s important to verify the scope, quality, and permits for the renovation. Ask what was done (e.g., finishing, structural, moisture-proofing), when it was completed, and if it includes a secondary suite or additional legal bedrooms.
Q: The "similar properties" listed have the same assessed value but are in different neighbourhoods. What does this mean?
A: This illustrates that the assessed value is a municipal tool for taxation, not a direct market comparison. It confirms 66 Tanager Trail is in a high valuation bracket, but true market value is determined by the specific location, condition, and features of the home compared to others in Sage Creek.