Property Overview: 618 Springfield Road, Winnipeg
Key Characteristics & Appeal
This home at 618 Springfield Road in Rossmere-A is defined by its practical size and modern build relative to its surroundings. At 691 sq ft, the living space is notably compact, ranking well below average for the street, neighborhood, and city. This positions it as an efficient, low-maintenance property. Its primary standout feature is its year of construction (1990), which is newer than the vast majority of homes in Rossmere-A, potentially implying fewer immediate concerns with aging infrastructure compared to neighboring properties often built in the 1960s.
The appeal lies in its value proposition as an entry-point home or a strategic investment. With an assessed value of $294k, which sits below area averages, it offers access to a established neighborhood at a relatively accessible price point. The lot size is modest but in line with the streetscape. It would suit first-time buyers seeking a foothold in the market, investors looking for a rental property, or downsizers who prioritize a newer build year and minimal upkeep over square footage. It’s a home for those who value practicality and location over space.
Frequently Asked Questions
1. Is the below-average square footage a major drawback?
It depends on your needs. The size is significantly smaller than typical area homes, which limits living space but also translates to lower utility costs and less maintenance. It’s a functional layout for individuals, couples, or investors.
2. The home is newer than most in the area. What are the advantages?
A 1990 build year likely means more modern electrical systems, plumbing, and building materials compared to the neighborhood’s many 1960s homes. This can reduce the risk and cost of major near-term repairs common in older properties.
3. How does the assessed value relate to the likely selling price?
The assessed value ($294k) is for municipal tax purposes and is typically below market value. Recent sold price data for the home (available upon request from the site) shows historical sales in the $200k-$300k range, which provides a better benchmark for current market value.
4. What is the potential for future expansion or renovation?
The lot size is around average for the street. While the compact footprint may present challenges, the relatively newer structure could provide a stable base for a thoughtful addition, subject to local zoning and permit approvals.
5. How can I verify the exact past sale prices?
Due to data display regulations, exact sold prices are not published publicly on this site. You can request the full transaction history and exact figures via email from the provider, who will manually look up the information for you.