Property Overview
This 1970-built home at 629 Springfield Road in Winnipeg's Rossmere-A neighborhood presents a practical opportunity. At 932 sqft, its living space is slightly below the neighborhood average, but it sits on a 5,198 sqft lot that is above average for its immediate street. The home's current assessed value is $300k, which sits below averages for the street, neighborhood, and city, suggesting a potentially accessible entry point. Its appeal lies in its position as a more modestly-sized property on a relatively larger lot for the block, offering a balance of manageable interior space with outdoor potential. It last sold in 2016 for an estimated $200k–$250k.
This property would suit first-time buyers or investors looking for a foothold in a stable neighborhood without a premium price tag. It may also appeal to those who value yard space over square footage and see potential in a home that ranks below average in value metrics, possibly allowing room for value-adding updates. A less obvious perspective is that its 1970 build date is newer than many in the Rossmere-A area, which could mean fewer immediate concerns with aging infrastructure compared to some neighboring homes from the 1960s.
Frequently Asked Questions
1. Is this a good value compared to the neighborhood?
The assessed value of $300k is below both the street ($321.7k) and neighborhood ($329.8k) averages. This suggests it may be priced more accessibly, but it's important to view the property to understand if the condition, size, or features justify the lower valuation.
2. How does the lot size compare?
The lot is a key feature. At 5,198 sqft, it is larger than most on Springfield Road (ranking in the top 20%), offering more outdoor space than many direct neighbors.
3. The house seems smaller than average. How significant is this?
With 932 sqft of living area, it is smaller than the neighborhood average (1,116 sqft). This suits simpler living needs but may feel compact for larger families. The trade-off is a larger yard and a potentially lower price point.
4. What does the 2016 sale price tell us?
It last sold for an estimated $200k–$250k in 2016. The increase to the current $300k assessment reflects market appreciation over nearly a decade. Requesting the exact sale price can provide a clearer baseline for growth.
5. Are the older systems a concern given its 1970 build date?
While built in 1970, it is actually newer than the average home in Rossmere-A (1964). This doesn't eliminate the need for inspections, but it may indicate that major components like plumbing or electrical could be in a different stage of their lifecycle than in older neighboring homes.