Property Overview
98 Springside Drive is a well-established, two-storey home in Winnipeg's Elm Park neighbourhood. Its primary appeal lies in its generous proportions and its standout position within a desirable, mature community. With 1,794 sqft of living space, it ranks in the top 5% of homes on its street and the top 10% within Elm Park for size. The home sits on a 5,646 sqft lot and features an attached garage and a renovated basement. Built in 1947, it is a character home that has been maintained and updated over time.
The property’s assessed value of $450k places it in the top 2% on Springside Drive and the top 14% in Elm Park, indicating it is considered a premium property within its immediate area. This home would best suit buyers looking for established character, above-average interior space, and a stable, prestigious address. It appeals to those who value a mature streetscape over a brand-new build and are comfortable with the upkeep of a older, larger home. A thoughtful perspective is that while the home is older than the citywide average, its superior size and value within Elm Park suggest it has been a cared-for asset in a consistently sought-after location.
Frequently Asked Questions
How does the home’s age affect its value?
While built in 1947, the home’s assessed value is among the highest on its street and in Elm Park. This indicates that updates, lot size, and overall desirability of the property have outweighed the age factor for valuation purposes.
Is the living space configuration modern?
As a classic two-storey from the 1940s, the floor plan may reflect the era's design. However, with 1,794 sqft (significantly above area averages) and a renovated basement, it offers ample space that can be adapted to modern living needs.
What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. This would be a key point for clarification to understand if it's a finished recreational space, contains additional bedrooms, or has updated utilities.
How does the lot size compare?
At 5,646 sqft, the lot is above average for both the street and Elm Park. This provides generous outdoor space for a mature neighbourhood, a valuable feature for privacy, gardening, or entertainment.
Why is the assessed value so high relative to nearby sale prices from 2020?
The home's $450k assessment is a current government valuation for tax purposes, which considers many factors. The nearby 2020 sale prices (e.g., $396k) are historical market data and do not reflect the current market or this specific property's condition and premium ranking.