95 Springside Drive

Property Overview: 95 Springside Drive, Elm Park, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in the established Elm Park neighbourhood presents a specific and compelling value proposition. Its key characteristic is its modest 768 sqft living area, which is notably compact compared to most local and city-wide averages. However, this is balanced by a fully renovated basement, adding functional space, and a detached garage. The lot size of just over 5,000 sqft is generous for the immediate street, offering valuable outdoor space.

The appeal lies in its efficiency and location. It suits buyers seeking an affordable entry into a mature, central neighbourhood without the upkeep of a larger house. It’s a practical choice for a first-time homebuyer, a downsizer looking to rightsize, or an investor seeking a manageable rental property. A less obvious perspective is its assessed value, which is above average for its street, suggesting the property is considered well-maintained or improved relative to its closest peers. This isn't a home for those needing ample above-ground square footage, but rather for those who prioritize location, a renovated basement, and a lower-maintenance footprint on a good-sized lot.

Section 2: Frequently Asked Questions

1. Is the house too small?
At 768 sqft, the main floor living area is compact. The appeal depends on your needs. For a single person, couple, or someone who utilizes the renovated basement as a primary living space, it can be efficient and sufficient. It is decidedly smaller than the typical Winnipeg home.

2. What does the "above average" assessed value on the street mean?
While the home is smaller than most on Springside Drive, its assessed value ranks in the top 28%. This typically indicates that municipal assessment views the property's condition, improvements (like the renovated basement), or other factors as superior to many of its immediate neighbours, which may be older or unrenovated.

3. How does the lot size compare?
The 5,086 sqft lot is larger than most on Springside Drive (top 17%), offering good private outdoor space for the area. Compared to the wider Elm Park neighbourhood and the city, it is average to slightly below average in size.

4. What is the neighbourhood like?
Elm Park is a long-established, central Winnipeg neighbourhood with homes primarily from the early-to-mid 20th century. It offers a mature streetscape and convenience. The property data shows most homes on this street were built in the same era (mid-1940s).

5. Why are the historical sale prices shown?
The sale prices from 2016 and 2020 provide context for market history, but they are not the current asking price. They show how the property's market value has moved in different market conditions and can be a reference point, though current value is driven by today's market.