Property Overview: 492 Springfield Road, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 492 Springfield Road in the Rossmere-A neighborhood presents a practical and efficient housing option. Its key characteristic is its modern build year (1989), which is notably newer than most homes in the area, potentially suggesting updated infrastructure and fewer immediate major repairs compared to older stock. With a living area of 795 sq ft, it is a compact property, ranking below the average size for its street, neighborhood, and the city. This positions it as a manageable, low-maintenance space.

The appeal lies in its balance. The property's tax assessment value is firmly in the middle range for the area, indicating a stable, average valuation without premium pricing. The lot size is also close to the city average, offering adequate outdoor space without the burden of extensive upkeep. It suits first-time homebuyers or downsizers seeking an affordable entry into the Winnipeg market with a home that is relatively modern. It’s also a sensible fit for investors looking for a straightforward rental property with a newer build date that may appeal to tenants. A less obvious perspective is that its smaller size and average valuation could represent a lower financial risk and property tax burden, allowing owners to invest more in personalized updates over time.

Section 2: Frequently Asked Questions

1. How does the 1989 build year compare to nearby homes?
This home is significantly newer than the Rossmere-A neighborhood average (1964), ranking in the top 3% for its age in the community. On its street and city-wide, it also ranks above average, suggesting it is one of the more recently built properties in the area.

2. Is the living space considered small?
Yes. At 795 sq ft, the living area is below the average for the immediate street (946 sq ft), the Rossmere-A neighborhood (1,116 sq ft), and Winnipeg overall (1,342 sq ft). It is a compact home suited for efficient living.

3. What does the tax assessment value tell me about the property?
The assessed value of $322,000 is very close to the average for Springfield Road and the Rossmere-A area. City-wide, it sits just below the average, indicating the property is valued consistently with its local market, not as a premium nor a budget outlier.

4. Are there recent sale prices available for this home?
Based on the provided data, there is no publicly listed transaction history for this specific address in the current system. For absolute accuracy, the source recommends contacting them directly to request a manual search for all sale records.

5. How does the lot size compare?
The lot of 4,294 sq ft is close to the average size across Winnipeg. It is slightly below the average for Springfield Road and the Rossmere-A neighborhood, but is not an unusually small parcel.