Property Overview: 534 Springfield Road, Winnipeg
Key Characteristics & Appeal
This home presents a compelling blend of above-average modern convenience and strong value within its immediate community. Built in 1991, it is notably newer than most homes in the Rossmere-A neighborhood, ranking in the top 2% locally for its year of construction. This suggests potentially fewer major age-related updates compared to neighboring properties.
Its primary appeal lies in its standout assessed value of $385,000, which ranks in the elite top 5% on its own street and top 10% in the neighborhood. This indicates it is perceived as a higher-value property within its direct peer group. The living area (1,080 sq ft) is comfortably above the street average, offering more space than many nearby homes, while the lot size is also above average for the street.
This property would suit buyers looking for a home that is a step above its immediate surroundings in terms of perceived value and modern build, without a city-wide premium price tag. It’s a practical choice for someone prioritizing a newer structure in a mature neighborhood and who values a strong position within the micro-market of their specific street.
Frequently Asked Questions
1. Why is the assessed value so high compared to other homes on the street?
The assessed value ranks in the top 5% for Springfield Road, significantly above the street average. This typically reflects a combination of the home's newer construction (1991), its above-average living area, and potentially superior condition, upgrades, or desirable lot features as evaluated for tax purposes.
2. How does the sold price history help determine current value?
The home sold between $300,000-$350,000 in late 2021. This historical data provides a benchmark, but current value is influenced by the more recent assessed value ($385k) and market changes since that sale. Comparing these figures is a starting point for understanding market appreciation.
3. What does "comparable homes" mean in these rankings?
The system groups homes with similar characteristics (like size, type, and location) for a fair comparison. So, this home isn't compared to all Winnipeg properties, but to a relevant subset, making its "above average" or "elite" rankings more meaningful against its true peers.
4. Is the lot size a positive or negative?
At 5,438 sq ft, the lot is above average for Springfield Road but closer to the neighborhood and city averages. It offers a solid outdoor space for a mature area, but may not be considered exceptionally large. It's a balanced lot for typical family use.
5. How reliable is the sold price data shown?
The site states sold prices are based on public internet data with limited verification and are not from the MLS. For fully verified figures and a complete transaction history, you must request a manual lookup from the site via email, as per their disclaimer.