Property Overview: 251 Springfield Road, Winnipeg
Key Characteristics & Appeal
This 1,152 sqft home, built in 1971, presents a distinct value-oriented profile in the Rossmere-A neighborhood. Its primary appeal lies in its efficient use of space—the living area is notably above average for its street—paired with a significantly below-average assessed value compared to both the immediate area and the wider city. This combination suggests a potential opportunity for value-seeking buyers.
The property is best suited for first-time homeowners, downsizers, or investors looking for an affordable entry into a stable neighborhood. Its compact 1,800 sqft lot means minimal yard maintenance, a practical benefit for those seeking a low-maintenance lifestyle. A thoughtful perspective is that while the lot size is small, it contributes to the home's affordability and may align perfectly with modern preferences for simpler, more manageable outdoor spaces. The home’s age (1971) is older than most on its street but is actually newer than many in the broader neighborhood, indicating it sits in an area with a mix of housing eras.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value is significantly below averages for the street, neighborhood, and city. This typically reflects the home’s smaller lot size and may relate to its specific condition, features, or recent market assessments, presenting a lower tax base and a potential value opportunity.
2. Is the small lot size a major drawback?
It depends on your lifestyle. The lot is among the smallest in the area, which limits expansive gardening or private outdoor space. However, it translates to very low yard maintenance and is a key factor in the home’s accessible price point.
3. How does the living space compare to other homes?
The living area is a strength. At 1,152 sqft, it is larger than most similar homes on Springfield Road itself and is competitive within the Rossmere-A neighborhood, offering comfortable interior space relative to the property's price.
4. What is the likely price range based on recent sales?
A home on this street sold in mid-2022 for between $300,000 and $350,000. Given the below-average assessed value, a current sale price may reflect a similar or adjusted range, but exact, verified figures require a direct inquiry for the latest transaction history.
5. Who would this property not be well-suited for?
It may not suit buyers looking for a large yard, extensive outdoor privacy, or a home with a very recent build date. Those prioritizing maximum lot size or newer construction within this budget might need to consider other areas.