Property Overview: 506 Springfield Road, Winnipeg
Key Characteristics & Appeal
This home at 506 Springfield Road in Rossmere-A presents a compelling mix of modern build quality and established neighborhood value. Built in 1991, its construction year is notably newer than most homes on its street and in the wider Rossmere-A area, ranking in the top 2% for the neighborhood. This suggests potentially fewer concerns with aging major systems and a layout that may align with more contemporary living preferences.
The 1,011 sqft living space is comfortably sized for the immediate area, fitting right around the neighborhood average. Its assessed value of $360k sits above average for both the street and Rossmere-A, indicating that official valuations recognize its relative standing. However, the lot size of 3,709 sqft is smaller than typical for the area, which may appeal to buyers seeking lower outdoor maintenance without sacrificing interior space.
This property would suit a practical buyer looking for a home that feels updated within a mature community. It’s ideal for someone who prioritizes a newer build date and efficient use of interior space over a large yard. The above-average assessment for the locale suggests it's a solid, value-holding asset within its specific market segment.
Frequently Asked Questions
1. How does the 1991 build date compare to nearby homes?
This home is significantly newer than most in Rossmere-A. The average build year for the neighborhood is 1964, making this property 27 years newer, which often translates to updated wiring, plumbing, and insulation standards.
2. The lot seems smaller than others. Is that a drawback?
It depends on your priorities. The lot is below average in size for the street, neighborhood, and city. This means less yard maintenance but also less private outdoor space. For buyers seeking a low-maintenance property or who prioritize interior condition over land, it can be a practical trade-off.
3. Why is the assessed value above the neighborhood average?
The above-average assessment likely reflects the combination of its newer construction year and its decent living area. Assessed value considers factors like age, size, and location, and the 1991 build date appears to be a significant positive contributor here.
4. What can the 2017 sale price range tell me?
The home last sold for an estimated $250k–$300k in mid-2017. This historical data provides a benchmark for past market value, but it does not reflect current market conditions or any improvements made since that sale.
5. How does the living area compare to a typical Winnipeg home?
At 1,011 sqft, the living area is below the Winnipeg citywide average of about 1,342 sqft for comparable homes. This confirms it as a more compact, manageable property suited for individuals, couples, or small families, rather than those needing extensive space.