Property Overview: 86 Springside Drive, Elm Park, Winnipeg
Key Characteristics & Appeal
This one-storey home in Elm Park is a compact, character property built in 1947. With 735 sqft of living space, it is notably smaller than most area homes, placing it in the top 10% for age on its street but in the lower percentiles for size. Its appeal lies in its efficient, renovated basement, a detached garage, and a standard 5,081 sqft lot. The assessed value is consistently around the average for the street, neighbourhood, and city, suggesting a stable, mid-range valuation.
This home would suit a specific buyer: a first-time purchaser, a downsizer, or an investor looking for a manageable, lower-maintenance property in a well-established neighbourhood. Its smaller scale makes it a practical entry point into Elm Park without the upkeep of a larger house. A thoughtful perspective is that its modest size and average valuation could represent a lower financial barrier to entry, allowing the right buyer to invest more in personal updates over time. It’s a home for someone who values location and lot over square footage, seeing potential in what is already there.
Frequently Asked Questions
1. Is the house too small for a small family?
At 735 sqft above grade, the living space is compact. Its suitability would depend heavily on the layout and the renovated basement, which could provide crucial additional space for a family willing to live efficiently.
2. How does the assessed value compare to the last sale price?
The home was last sold in November 2021 for $29,800. The current assessed value of $31,500 is slightly higher, indicating stable or slightly appreciating value in line with area averages.
3. What is the neighbourhood like?
Elm Park is a mature, established neighbourhood. The property's rankings show that while this home is smaller than most in the area, its value and lot size are consistent with community norms, suggesting it's a integrated part of a stable area.
4. Are there any obvious advantages to the lot or location?
The lot is a standard size for the street but below the neighbourhood average. Its advantage is its typicality—it fits the streetscape without excessive yard maintenance. Being on a street with many similar vintage homes can contribute to streetscape consistency and value stability.
5. What might be a less obvious consideration before viewing?
Given its age (1947) and smaller footprint, pay close attention to the quality and scope of the basement renovation and the home's mechanical systems. The value here is in solid fundamentals and location; major unrenovated original elements could require investment. Also, consider that a home ranking "above average" in age on its street means it is among the newer homes in a very mature area, which can be a positive for structure and systems.