14 Springlea Path

Property Overview

This 988 sqft bungalow at 14 Springlea Path in Winnipeg's River East neighborhood presents a practical and competitively positioned home. Built in 1974, it sits on a 5,512 sqft lot and has a current assessed value of $363k. Recent sales data indicates it sold in March 2025 for an estimated $400k–$450k, following a previous sale in October 2021 for $350k–$400k.

Key Characteristics & Appeal

The primary appeal of this property lies in its strong value proposition within its immediate locale. While its living space is modest compared to broader area averages, it ranks above average in assessed value on its own street, suggesting it is well-maintained or offers desirable features for the specific block. Its 1974 build year is the newest on Springlea Path, a subtle advantage that can sometimes mean updated foundational components or building standards.

This home suits first-time buyers or downsizers seeking an entry into a stable neighborhood without a premium price tag. It’s a pragmatic choice for those who prioritize location and lot ownership over square footage, offering a manageable space and yard. A thoughtful perspective is that its "around average" metrics city-wide indicate a neutral long-term investment risk—it’s neither an outlier nor a standout, which can mean steady, predictable value movement in line with the wider market.

Frequently Asked Questions

1. Is the house smaller than others in the area?
Yes. At 988 sqft, the living area is below the averages for both the River East neighborhood (1,399 sqft) and Winnipeg overall (1,342 sqft). However, it is closer to the average for its specific street (1,027 sqft).

2. Why is the assessed value higher than the street average?
The home’s assessed value of $363k is above the Springlea Path average of ~$339k. This can be due to factors like renovations, superior condition, or favorable lot characteristics not fully captured in square footage metrics.

3. How does the lot size compare?
The 5,512 sqft lot is slightly below the street average and more noticeably below the River East neighborhood average. It is, however, close to the city-wide average for comparable homes.

4. What does the sale history tell us?
The home sold in March 2025 for an estimated $400k–$450k, which is a noticeable increase from its October 2021 sale price of $350k–$400k. This indicates rising market value over that period.

5. How can I get the exact past sale prices?
The website does not display exact MLS sold figures. You must request the exact sold price history by email, and the service will provide the verified figures manually.