Property Overview
This home at 512 Springfield Road in Winnipeg's Rossmere-A neighborhood presents a balanced, data-driven profile. Its appeal lies in offering above-average modern construction and value within its immediate area, paired with a manageable size. The property suits practical buyers looking for a well-positioned home in a mature neighborhood without the premium for a large lot.
Key Characteristics & Appeal
The 1,009 sqft home, built in 1989, is notably newer than most in Rossmere-A, ranking in the top 3% for year built locally. This suggests potentially fewer immediate concerns with aging infrastructure compared to neighborhood peers. Its assessed value of $350k sits above the street and neighborhood averages, indicating it is viewed as a higher-value property within its direct context. The living area is average for the street and neighborhood but below the Winnipeg average, defining it as a comfortable, mid-sized home.
The primary trade-off is the lot size of 3,709 sqft, which is below average at every comparison level. This means smaller outdoor space but also less maintenance. The profile suggests a property that prioritizes the condition and value of the home itself over land expanse. It would suit first-time buyers, downsizers, or investors seeking a relatively modern structure in a stable area, where the investment is in the dwelling rather than the yard.
Frequently Asked Questions
1. How does the home’s value compare to recent sales?
Based on public data, the sale price in mid-2022 was between $350k and $400k. This placed it in the top 10-14% of sales for its street and neighborhood at that time, confirming its strong standing in the local market.
2. Is the house unusually small?
Not for its immediate area. At 1,009 sqft, it is very close to the average size for Springfield Road (~946 sqft) and Rossmere-A (~1,116 sqft). It is, however, meaningfully smaller than the Winnipeg citywide average, which is typical for many established neighborhoods.
3. What does the "newer" build year actually mean for a buyer?
Built in 1989, the home is approximately 25 years newer than the Rossmere-A average. This can translate to updated building materials, electrical systems, and insulation standards from the era, potentially reducing the need for major retrofits common in older homes.
4. The lot is smaller than average. What are the implications?
The smaller lot (3,709 sqft) means less yard for gardening, play, or expansion. However, it also means less time and cost spent on landscaping, snow clearing, and general upkeep—a practical advantage for those seeking a lower-maintenance property.
5. Who are the closest comparable properties?
Nearby homes on Springfield Road from the same year (1989) with similar assessed values offer the closest comparison. For instance, 538 Springfield Rd (1,040 sqft, $356k assessment) and 492 Springfield Rd (795 sqft, $322k assessment) provide context for size and value on the same street.