598 Springfield Road

Property Overview

This home at 598 Springfield Road in Winnipeg's Rossmere-A neighborhood presents a balanced profile. Its key appeal lies in offering above-average living space and a relatively modern build for its area, positioned at a municipal tax assessment that is very competitive for what you get.

The 1,040 sqft house, built in 1989, is newer than most homes in Rossmere-A (ranking in the top 3% for age within the community). This suggests potentially fewer concerns with outdated major systems compared to the neighborhood's average home from the 1960s. Its tax assessment of $358,000 is notably above the street and community averages, indicating that the city assesses its value favorably relative to its immediate surroundings, yet it remains below the city-wide average for comparable homes.

However, the lot size is compact at 3,710 sqft, which is below average for both the community and the city. This points to a property better suited for those prioritizing a low-maintenance yard. The home’s last known sale was between $250,000-$300,000 in early 2020, providing a historical benchmark well below its current assessed value.

Who is this for?
This property would suit a first-time buyer or a downsizer looking for a manageable, move-in-ready home in a stable neighborhood without a large yard to upkeep. It's also a practical choice for value-focused buyers who appreciate a home that is newer than its neighbors, as this can translate to deferred maintenance costs. The above-average assessment relative to the street hints at perceived quality or updates that may not be immediately obvious from basic data.

Frequently Asked Questions

1. Why is the tax assessment significantly higher than the community average?
The home's assessment ($358,000) ranks in the top 23% in Rossmere-A, likely due to its more recent 1989 construction date and its above-average living space for the street. Assessors factor in these characteristics, which can set it apart from the many older, potentially smaller homes in the area.

2. What does the below-average lot size mean for me?
At 3,710 sqft, the yard is more compact than typical. This means lower maintenance for gardening and snow clearing, but also less private outdoor space. It's a trade-off that favors convenience over expansive greenery.

3. The home sold for $250,000-$300,000 in 2020. Is the current assessment realistic?
While past sale prices provide context, they reflect a different market (pre-2020). The current assessment is based on recent municipal valuation formulas and comparable sales. A buyer should use this as a baseline for discussion, but the final market price will be determined by current conditions, property condition, and buyer demand.

4. How significant is the 1989 build year in this neighborhood?
Very. With the average Rossmere-A home built around 1964, this house is 25 years newer. This often correlates with more modern wiring, plumbing, insulation standards, and possibly updated major components like the roof or windows, offering a relative advantage in maintenance timelines.

5. Are the rankings for "Living Area" and "Assessment" contradictory?
Not necessarily. The living area (1,040 sqft) is close to the city average but ranks highly on its specific street because many homes on Springfield Road are smaller. The high assessment ranking suggests that for its size and location, the city attributes a strong value to the property, possibly due to its condition, finishes, or the desirability of its specific lot location.