Property Overview: 90 Springside Drive, Elm Park, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated two-storey home in Elm Park presents a compelling blend of established neighbourhood charm and updated living space. Built in 1946, the 1,276 sqft house sits on a standard 5,081 sqft lot and features a renovated basement, a detached garage, and a pool. Its standout characteristic is its exceptionally high assessed value relative to its immediate street and neighbourhood, ranking in the top 3% on Springside Drive. This suggests a property that has been significantly upgraded or is perceived to have premium attributes compared to its direct peers.
The appeal lies in its position as a superior property within a mature, tree-lined area. It offers modern conveniences like the renovated basement and pool, while being part of a stable community. It would particularly suit buyers looking for a "best house on the block" scenario—a move-in ready home in an established area without the premium price tag of a newer subdivision. It’s also ideal for those who value outdoor leisure space with the pool, and who appreciate the character and location of Elm Park over a larger or newer home elsewhere.
Section 2: Frequently Asked Questions
1. Why is the assessed value so high compared to neighbouring homes?
The data shows the home’s assessed value is in the elite tier for its street. This typically results from significant improvements, renovations, or additions that have increased its market value beyond that of comparable neighbouring properties.
2. How does the living space compare to the area?
At 1,276 sqft, the living area is above average for Springside Drive and about average for the broader Elm Park neighbourhood. It offers comfortable space for a family without being oversized for the lot.
3. What does the sale history indicate?
The home sold in December 2022 for $43.50k and previously in September 2021 for $30.70k. This indicates a period of rapid appreciation, likely tied to the renovations completed during that ownership period.
4. Is the lot size a limitation?
The lot is around average city-wide but below average for Elm Park. This means the yard space is typical for Winnipeg but may be slightly smaller than some others in the immediate neighbourhood. The presence of a pool, however, maximizes the utility of the outdoor space.
5. What are the less obvious considerations?
While the home ranks highly in value, its year built (1946) is below average city-wide, meaning potential buyers should be mindful of the age of core components like the roof, windows, and plumbing, even with a renovated basement. Additionally, its high assessment relative to the area could influence future property tax calculations.