Property Overview: 60 Springside Drive, Elm Park
Key Characteristics & Appeal
This one-and-a-half storey home in Elm Park is a study in solid value within a well-established neighbourhood. Built in 1944, it offers 1,164 sqft of living space, which is comfortably average for the immediate area, on a 5,081 sqft lot. The key standout is its assessed value of $39,800, which ranks in the top 5% on its own street and well above average for Elm Park, suggesting a perception of quality and desirability that outpaces many direct neighbours. A renovated basement adds modern livability to the classic footprint.
The appeal lies in securing a home in a mature, tree-lined area where the property itself holds strong intrinsic value relative to its surroundings. It’s not the largest home on the block, but its assessment hints at above-average condition, updates, or lot appeal. The detached garage adds practical utility. This property would suit a first-time buyer or downsizer looking for a character home in a prime pocket of Elm Park without a massive footprint, or an investor attracted by a strong assessment basis in a stable neighbourhood. It’s for someone who values neighbourhood stature and proven value over brand-new construction.
Frequently Asked Questions
1. Why is the assessed value so high compared to nearby homes?
While the exact formula is not public, a higher assessment often reflects recent permits, quality renovations (like the basement), superior condition, or favourable lot characteristics compared to neighbouring properties. It’s a strong indicator of the property’s standing in the area.
2. What does the “one-and-a-half storey” design mean?
Typically, this style features a main floor with principal rooms and a second floor under sloping roof lines, often creating cozy bedrooms with character. It’s a classic Winnipeg design that maximizes space in a traditional, efficient layout.
3. How does the lot size affect this property?
At just over 5,000 sqft, the lot is slightly below average for Elm Park but standard for the street. This often means less yard maintenance while still providing decent outdoor space, a trade-off that can appeal to those seeking a lower-maintenance property in a prime location.
4. The home sold for $45,100 in 2021. What does that indicate?
That sale price, which was in the top 6% for the street at the time, confirms a history of strong market value. It suggests the property has consistently been perceived as a premium offering on Springside Drive.
5. Is the older age (1944) a concern?
The year built is typical for Elm Park. An older home in this context means established infrastructure, mature landscaping, and classic craftsmanship. The renovated basement and strong assessment imply key updates have been made, but a thorough inspection is always recommended to understand the condition of original elements like wiring and plumbing.