Property Overview: 538 Springfield Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 538 Springfield Road in the Rossmere-A neighborhood presents a solid, above-average offering within its immediate area. Built in 1989, it is notably newer than most homes in the community, suggesting potentially fewer concerns with aging components compared to the neighborhood's average build year of 1964. With 1,040 sqft of living space, it is comfortably sized for its street and area, though slightly below the city-wide average. The lot size of 5,438 sqft is generous for the street and typical for the community, providing good outdoor space.
The primary appeal lies in its strong positional value within its micro-market. Its municipal tax assessment of $356,000 ranks significantly above average for both Springfield Road and the Rossmere-A area, indicating that the city assesses its value higher than many direct comparables. This, combined with its newer construction, positions it as a relatively modern and well-regarded property in its setting. It would suit practical buyers looking for a move-in-ready home in a stable neighborhood without paying a premium for a brand-new build or a downtown location. It's particularly suitable for those who value a home that stands out positively against its immediate neighbors in terms of age and assessed value, while still being part of an established community.
A less obvious perspective is that its "above-average" rankings on the street and in the community, but "close-to-average" standing city-wide, highlight a key consideration: this property's advantages are most pronounced in its local context. Buyers comparing it to the entire Winnipeg market will find it middle-of-the-road, but those focused specifically on the Rossmere-A area will see its relative strengths.
Section 2: Frequently Asked Questions
1. What does the tax assessment value really tell me?
The assessment of $356,000 is used to calculate your property taxes and is the city's estimate of your property's market value as of a prior date. It ranks in the top 16% on its street and top 24% in Rossmere-A, meaning the city views this property more highly than many around it. However, the actual sale price is determined by the current market.
2. The home is newer than most in the area (1989). What are the implications?
A 1989 build likely means more modern construction standards, wiring, and plumbing compared to the many 1960s homes in Rossmere-A. This can translate to lower immediate repair costs and different aesthetic features. It's advisable to have a thorough inspection to understand the condition of major systems like the roof and HVAC, which may be nearing the end of their typical lifespans.
3. How does the living space compare practically?
At 1,040 sqft, the living area is above the street average but below the city average. This suggests a comfortable size for a small family or couple, typical of many well-established neighborhoods. It's worthwhile to consider the layout and room sizes during a viewing to see if the space is configured to meet your needs.
4. Are there recent sale records for this specific address?
According to the provided information, there are no readily listed sale records for this property in the public database covering 2016-2025. For complete and accurate historical sale data, you would need to contact the site directly for a manual search.
5. How do the nearby comparable properties help in evaluation?
The listed nearby homes (e.g., on Springfield Road and Macaulay Crescent) provide context. They show a mix of sizes, ages, and assessments. For instance, a similar 1989-built home on Springfield Road is smaller and has a lower assessment, while older, larger homes on the same street can have comparable assessments. This underscores that this property's value proposition is tied to its specific combination of age, size, and lot.