453 Springfield Road

Property Overview: 453 Springfield Road, Winnipeg

Key Characteristics & Appeal

This 1,200 sqft bungalow, built in 1970, presents a compelling value proposition in Winnipeg's Rossmere-A neighborhood. Its primary appeal lies in its above-average living space for both its immediate street and local area, offering more room than many comparable homes nearby, while carrying a significantly below-average assessed value. This combination suggests potential for buyers comfortable with a home that may require updates or personalization.

The property sits on a modest, below-average lot size for the area, which translates to less yard maintenance—a practical perk for some. It suits first-time buyers or investors looking for an entry point into a stable neighborhood, where the in-home space is prioritized over land size. It’s also a fit for value-conscious buyers who see potential in a property priced well below area averages and are prepared to investigate the reasons behind that discount, whether they be lot dimensions, condition, or specific location factors.

Frequently Asked Questions

1. Why is the assessed value so much lower than nearby homes?
The assessed value is in the bottom tier for both the street and neighborhood. This typically reflects factors like the smaller lot size, the home’s age and condition relative to peers, or specific market adjustments. It’s a key point for negotiation and due diligence.

2. How does the smaller lot size impact living here?
The land area is notably smaller than area averages. This means lower maintenance and less outdoor space, which could be a benefit for those seeking simplicity. However, it may limit expansion possibilities and offers less privacy than larger lots on the same street.

3. The home sold in 2017 and 2019. What does that history indicate?
The recent sales history suggests a property that has changed hands relatively frequently. It’s wise to request the exact sale prices (available via the site’s manual lookup) to understand past market value and trends.

4. Is the living area actually a good size for the area?
Yes. With 1,200 sqft, it ranks in the top 23% for living area in Rossmere-A and the top 7% on Springfield Road itself. You are getting more interior space than most direct neighbors, which is a significant advantage.

5. What should I compare when looking at this property’s value?
Focus on the balance between interior space (a plus) and lot size/assessed value (minuses). Compare it to the nearby references provided, like 463 Sutton Avenue, which has a similar size but a much higher assessment, to understand what premium features or conditions you might be foregoing for a lower price point.