Property Overview: 602 Springfield Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 602 Springfield Road in the Rossmere-A neighborhood presents a solid, middle-ground opportunity in the Winnipeg market. Built in 1989, it is a notably newer property within its community, where the average home was built in 1964. With 1,040 sqft of living space, it offers a functional footprint that is above average for its specific street and comfortably within the norm for the wider area.
The appeal lies in its balance and relative modernity. The property’s tax-assessed value of $357,000 ranks well above average for both its street and neighborhood, suggesting it is perceived as a higher-quality asset in its immediate context. However, its lot size of 4,294 sqft is more compact compared to area averages, which may appeal to buyers seeking lower exterior maintenance without sacrificing interior space.
This home would suit practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize a move-in-ready structure from a more contemporary building era over a large yard. It’s for someone looking for a established neighborhood setting but wanting to avoid the potential maintenance issues that can come with much older homes. The data indicates a history of steady value appreciation, making it a considered choice for those seeking a stable, long-term holding in a mature community.
Section 2: Frequently Asked Questions
1. How does the 1989 build year compare to nearby homes?
This is one of the home's standout features. While it's above average for its street, it ranks in the top 3% for newness within the entire Rossmere-A community, where the typical home was built in the 1960s.
2. Is the lot size a disadvantage?
The lot is smaller than both the street and neighborhood averages. This means less yard maintenance, which could be a positive for some, but may be a consideration for those desiring extensive outdoor space or future expansion.
3. What does the tax assessment value tell us?
At $357,000, the assessment is significantly higher than local averages, placing it in the top 16% on its street. This often reflects above-average improvements or condition for the area, which can be a positive, but buyers should be aware it contributes to the property tax calculation.
4. How has the property's value changed over time?
Based on available data, the home sold in the $250,000-$300,000 range in late 2016 and in the $350,000-$400,000 range in mid-2021. This indicates a pattern of value growth over that five-year period.
5. Where can I find precise historical sale prices?
The public listing shows price ranges. For exact sale figures, you must request the information directly from the site operator via email, as they manually provide this data due to industry restrictions on publishing MLS records.