553 Springfield Road

Property Overview & Appeal

This home at 553 Springfield Road in Winnipeg's Rossmere-A neighborhood presents a solid, middle-ground option in the market. Its key characteristic is balance: with 1,072 sqft of living space and a 1971 build year, it sits close to or slightly above averages for its immediate area. Its primary appeal lies in its established location on Springfield Road, where it holds a strong positional value—its tax assessment value ranks in the top 14% on its own street, suggesting it is viewed favorably compared to its direct neighbors.

The property would suit practical, value-conscious buyers such as first-time homeowners or downsizers looking for a manageable footprint in a mature neighborhood. It offers a sensible entry point into homeownership without the premium of a new build, and its lot size (5,099 sqft) is generous for the street, providing good outdoor space relative to nearby homes. A thoughtful perspective is that a 1971 home may have undergone significant updates, so its condition and modernizations will be a greater determinant of value than its raw statistics.

Frequently Asked Questions

1. How does this home’s value compare to recent sales in the area?
Based on available data, a nearby comparable home at 541 Springfield Road sold in July 2021 for an estimated $400,000-$450,000. The current tax assessment for 553 Springfield Road is $363,000. It's important to consult a real estate professional for a current market valuation, as prices have likely shifted since 2021.

2. Is the living space smaller than average?
It depends on the scope. At 1,072 sqft, it is larger than the average home on Springfield Road (946 sqft) but slightly below the average for the wider Rossmere-A community (1,116 sqft). It offers a comfortable size for a smaller household.

3. The home was built in 1971. What should I consider?
A home from this era may have original components, like windows, roofing, or major systems, nearing the end of their lifespan. A thorough inspection is crucial. On the positive side, it was built in a period known for solid construction in established neighborhoods, often on good-sized lots.

4. How does the tax assessment impact my potential costs?
The assessed value of $363,000 is used to calculate your property taxes. While it ranks highly on its street, it is just below the citywide average. Your actual tax bill will depend on the annual municipal tax rate, but this assessment provides a reliable baseline for budgeting.

5. Where can I find precise historical sale prices for this property?
The public data provided shows a price range. For exact sale history and prices, you must request the information directly from the source, as MLS data is not publicly displayed. The page offers an option to email a request for this verified data.