Property Overview: 71 Springside Drive, Elm Park, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Elm Park offers a compelling blend of space, location, and value. Its key characteristic is an exceptionally large lot—at nearly 7,900 sq ft, it ranks in the top 3% on its street—providing rare outdoor potential in the city. The 1,536 sq ft living area is also notably spacious for the immediate area, placing it well above local averages. A recently renovated basement adds modern, functional space.
The appeal lies in this above-average footprint combined with the established, quiet charm of Elm Park. It suits buyers looking for a generous yard for gardening, recreation, or future expansion, and who value more interior space than is typical for the neighbourhood. It’s a practical choice for a growing family or anyone prioritizing room over a brand-new build, as the 1946 structure offers classic character but may require updates. A thoughtful perspective is that the strong lot and living area metrics, paired with a recent sale price that outperformed many peers, suggest the property is seen as a solid long-term asset in a desirable area, not just a house.
Section 2: Frequently Asked Questions
1. How does the recent sale price compare to the assessed value?
The home sold for $440,000 in November 2024, which is significantly higher than its $37,400 assessed value. This is common, as municipal assessments for tax purposes often lag behind current market values.
2. What does the "Elite" ranking for Land Area mean?
This means the property's lot size is in the top 3% compared to 58 immediate neighbours on Springside Drive. It has one of the largest yards on the street, offering more privacy and space than most.
3. Is the home older than others in the area?
Built in 1946, it is slightly newer than the average home on its street (1945) and in Elm Park (1941). City-wide, it is older than the average Winnipeg home. Its age is typical for the mature, established neighbourhood.
4. What does the renovated basement include?
The listing confirms the basement is renovated, but specific finishes and layouts should be verified by a viewing or with the selling agent. It adds valuable finished living space to the home's total area.
5. How does this home’s size compare to nearby properties?
With 1,536 sq ft of living area, it is substantially larger than the average home on Springside Drive (~1,092 sq ft) and in Elm Park (~1,247 sq ft). This makes it a standout for interior space within the local context.