Property Overview
This home at 500 Springfield Road in Winnipeg's Rossmere-A neighborhood presents a solid, above-average offering in several key areas. Built in 1990, it is notably newer than most homes in its immediate area and across the wider neighborhood, which is a significant advantage for maintenance and modern systems. With 1,119 square feet of living space, it is larger than most comparable homes on its street and aligns with the neighborhood average. Its assessed value of $375,000 ranks well above average for both the street and the Rossmere-A area, suggesting it is perceived as a premium property within its local context. The lot size of 4,294 sqft is more compact than many in the neighborhood, which may appeal to those seeking lower yard maintenance.
Key Characteristics & Appeal
The primary appeal of this property lies in its combination of a newer build date and above-average size and valuation for its location. It suits buyers looking for a home that likely requires less immediate updating compared to the older housing stock common in Rossmere-A, while still offering decent interior space. It’s a practical choice for someone who wants a move-in-ready property in an established neighborhood without taking on a major renovation project. A less obvious perspective is that its higher assessed value relative to nearby homes could indicate better-than-average finishes or additions, but it also sets a higher baseline for property taxes. The compact lot might be seen as a drawback for some, but for others, it represents less weekend work and a more efficient use of outdoor space.
This home would likely suit first-time buyers or small families who prioritize a modernized home structure over a large yard. It also appeals to value-conscious buyers who understand that a newer build can translate to lower near-term repair costs, even if the purchase price is at a premium compared to older neighbors.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home last sold in June 2020 for an estimated $300k–$350k. The current assessed value of $375k is higher, reflecting market changes and possible improvements since that last sale.
2. Is the lot size a disadvantage?
The lot is smaller than the neighborhood average. This means less yard for gardening or play, but also lower maintenance. It’s a trade-off that depends on the buyer’s lifestyle.
3. What does the "elite" ranking for its build year mean?
Ranking in the top 3% for its build year in Rossmere-A means this 1990 home is significantly newer than almost all (97%) of comparable homes in the neighborhood, a key point for longevity and modern building standards.
4. Why is the assessed value so much higher than on my street?
The assessed value of $375k ranks in the top 14% for the neighborhood and top 8% on its own street. This suggests specific attributes—like its newer age, size, condition, or upgrades—place it at the higher end of the local market.
5. Can I see how this house compares to others on a map?
Yes, a detailed neighborhood analysis map is available to visually compare this property with nearby homes based on year built, living area, assessed value, and lot size.