Property Overview & Appeal
This well-established one-storey home in Springfield South sits on a generous 8,088 sqft lot, placing it in the top tier for land size within its immediate area. Built in 1989, the 1,480 sqft residence features an attached garage and a basement, which presents potential for future development. Its core appeal lies in its spacious, private lot—a relative rarity—and its position in a mature, settled neighbourhood. The home’s assessed value is modest compared to many in Winnipeg, suggesting an accessible entry point.
This property would suit practical buyers looking for space and long-term potential over immediate luxury. It’s ideal for a first-time buyer comfortable with a home that may require personalization, a downsizer seeking single-level living with ample outdoor space, or an investor seeing value in the substantial lot. A thoughtful perspective is that while the home itself is average for the street in size and age, the land it occupies is a standout asset, offering privacy and room to grow that is increasingly hard to find.
Frequently Asked Questions
1. What does the "top percentile" ranking mean for the lot size?
The rankings show the property is in the top 13% on its street and top 10% in the wider neighbourhood for land area. This means it has a significantly larger yard than most comparable properties nearby.
2. Is the basement finished?
No, the basement is present but not renovated. It provides valuable additional space for storage or future development, but would require investment to become a finished living area.
3. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes and is typically lower than market value. It indicates a relatively modest tax base. The selling price will be determined by current market conditions, the home’s condition, and its desirable lot size.
4. What is the neighbourhood like?
Springfield South is a mature neighbourhood with homes primarily from the 1970s and 1980s. The high percentile rankings for lot size and living area suggest this is one of the more spacious and established parts of the area.
5. What are the main considerations for a buyer?
The key points to weigh are the benefits of a large, private lot and a solid floorplan against the fact the home is nearly 40 years old and the basement is unfinished. A pre-purchase inspection would be highly advisable to understand any upcoming maintenance needs.