Property Overview: 517 Springfield Road, Winnipeg

Section 1: Key Characteristics & Appeal

This 1,154 sqft bungalow, built in 1970 in the Rossmere-A neighborhood, presents a practical opportunity with a clear value proposition. Its primary appeal lies in its above-average living space for its immediate street—ranking in the top 14% on Springfield Road—coupled with a below-average property tax assessment, which is roughly 20% lower than the street's average. This combination suggests a potentially favorable balance of interior space relative to ongoing tax costs.

The home sits on a 3,700 sqft lot, which is more compact than most in the area. This could be a positive for buyers seeking lower exterior maintenance without sacrificing the benefits of a detached home. While its 1970 construction is older than others on its specific street, it is actually newer than the majority of homes in the broader Rossmere-A community, indicating a well-established, mature setting.

This property would suit first-time buyers or practical investors looking for a solid entry point into the Winnipeg market, prioritizing liveable space and manageable property taxes over a large yard or a newer build. Its profile also suggests value for long-term residents familiar with the neighborhood who appreciate its established character and the potential for updates over time.

Section 2: Frequently Asked Questions

1. Why is the tax assessment value notably lower than neighboring homes?
The assessment is significantly below averages for the street, community, and city. This is often based on municipal evaluations of the property's market value for tax purposes. A lower assessment can translate to lower annual property taxes, but it may also reflect the home's condition, specific attributes, or the compact lot size compared to nearby properties.

2. How does the 1970 build year compare to the area?
While newer than 78% of homes in the Rossmere-A community, it is older than 72% of homes on its specific stretch of Springfield Road. This indicates you are looking at an older, established pocket within a generally mature neighborhood.

3. What does the "above-average" living space ranking mean?
With 1,154 sqft, this home offers more interior space than 86% of comparable properties on Springfield Road. For the street, this is a key advantage, providing more room than the local average of 946 sqft.

4. The lot size seems small. Is that typical?
At 3,700 sqft, the lot is smaller than approximately 85% of those on its street and in Rossmere-A. This is a defining characteristic: it means less yard maintenance but also less private outdoor space than many area homes.

5. What can past sale data tell me?
Public data indicates a sale occurred in May 2017 within the $200,000-$250,000 range. For precise historical sale prices, the listing source notes that accurate data requires a direct request, as it is not sourced from the MLS system.