532 Springfield Road

Rossmere-A, Winnipeg

Property score

67.6

Good

Overall 67.6 · Newer than most nearby homes

1,096 sqft (top 43%) · Built in 1989 (25 yrs newer than avg)

Located in a high-income area with median household income of ~95k

Transit 58.0 · 6-min walk to transit with 2 nearby routes · Within 500m: 1 school, 3 parks, and 1 place of worship nearby

Living Area

Near average

2% smaller than neighborhood avg.

Year Built

Above average

25 yrs newer than neighborhood avg.

Mother tongue

English · 74%Punjabi · 2%

Past 10 years Rossmere-A sales snapshot (~80% of all data)

Sold Count

1,159

Median price

370k

$/sqft

$358/sqft

Avg build year

1964

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Property score

67.6 is composed by the two sections below.

Property Score

62.0Fair
Living Area1,096 sqft52Fair
Year Built198978Good
Lot Size6,294 sqft81Excellent
Neighbourhood Sales Activity61Fair

Community Score

76.0Good
Household Income83Excellent
Education Level44Low
Housing Stress93Excellent
Core Housing Need88Excellent
Employment Health76Good

Neighbourhood Sales

Rossmere-A

How to read: Share of sales in each ~$50k price band for “rossmere-a” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

1,196

sold

1,852

new listings

Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba

Sold Above Asking

65%

Majority sold above asking

68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026

With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111149

Community deep dive

$95K

Median household income

$98K

Average household income

5%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.6

P90 / P10 ratio

20%

Single-person households

27%

Families with children

Population, labour & age

Population (2021)895
Labour force participation rate68%
Median age42.4
Avg household size2.5
Unemployment rate3%
Population density3196 / km²

Households & income

Low income (LIM-AT, % pop.)5%
Single-person households20%
Couple families with children27%
Median household income (2020)$95K

Housing

Renter households2%
Condominium dwellings2%
Median dwelling value (owners)$310K

Diversity, education & language

Immigrants (share of pop.)20%
Visible minority17%
Bachelor's or higher (25–64)21%
Mother tongue (1st)English · 73%
Mother tongue (2nd)Punjabi · 2%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
1,096 sqft
0255075100
Same streetTop 21%Same areaTop 43%CitywideBottom 39%
Same street · Springfield Road
#55 / 256
Top 21% · Avg 946 sqft
Same area · Rossmere-A
#1,343 / 3,143
Top 43% · Avg 1,116 sqft
Citywide · Winnipeg
#118,188 / 194,458
Bottom 39% · Avg 1,342 sqft

Tax-Assessed Value

Elite
409k
0255075100
Same streetTop 4%Same areaTop 6%CitywideTop 36%
Same street · Springfield Road
#11 / 256
Top 4% · Avg 321.7k
Same area · Rossmere-A
#180 / 3,143
Top 6% · Avg 329.8k
Citywide · Winnipeg
#70,353 / 194,458
Top 36% · Avg 390.1k

Year Built

Elite
1989
0255075100
Same streetTop 23%Same areaTop 3%CitywideTop 23%

Lot Size

Elite
6,294 sqft
0255075100
Same streetTop 5%Same areaTop 23%CitywideTop 26%

To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

532 Springfield Road — 5 amenities found within 500 m, across 3 categories, including 1 education (nearest 496 m), 3 parks (nearest 241 m).

Search radius
🏫Education1
🌳Parks3
Worship1

Crime & Safety

Rossmere-A · WPS public data · 2026

Annual incidents

81

2026

vs. city avg

+175%

relative to avg

Year-over-year

-90%

vs. prior year

Primary type

Property

67%

Sales History

Sold 9/2020CA$350k–400k
Sold price

Same street

Top 17%

Same area

Top 27%

City-wide

Top 46%

Related homes

Highlights & common questions: 532 Springfield Road, Winnipeg

Property Overview: 532 Springfield Road, Winnipeg

Key Characteristics & Appeal

This home at 532 Springfield Road in the Rossmere-A neighborhood presents a compelling mix of above-average metrics and solid value. Built in 1989, it is notably newer than most homes in its immediate area, offering modern advantages in construction and systems. With 1,096 sqft of living space, it is comfortably sized, ranking above the street average. The lot size of 6,294 sqft is a significant standout, placing it in the top 5% on Springfield Road, providing ample outdoor space that is increasingly rare.

The primary appeal lies in its strong assessed value of $409k, which ranks in the elite tier (top 4%) for its street and above average for the neighborhood. This suggests the property is perceived as a premium offering on its block, likely due to its combination of a newer build, generous lot, and good square footage. It last sold in late 2020 for an estimated $350k–$400k, indicating steady appreciation.

This property would suit practical buyers looking for a well-established, mature neighborhood home without the common concerns of much older infrastructure. It’s ideal for someone who values a larger yard for family, gardening, or pets, and who appreciates a home that stands out favorably in direct comparison to its immediate neighbors in terms of value and modernity.


Frequently Asked Questions

1. Why is the assessed value so much higher than the street average?
The assessed value of $409k is significantly higher than the street average of ~$322k. This is likely due to the property's combination of a larger lot, newer construction date (1989 vs. a street average of 1981), and above-average living area, making it a premium offering on this specific block.

2. How does the property compare to the wider city market?
Citywide, this home is around average for assessed value and living area. Its appeal is more localized; it offers above-average or elite features for its specific street and neighborhood, representing a strong position in its immediate market rather than standing out across all of Winnipeg.

3. What does the lot size ranking mean for me?
Ranking in the top 5% for lot size on the street means you're getting more outdoor space than most homes directly around you. This offers greater privacy, expansion potential, and room for outdoor activities compared to the typical property on Springfield Road.

4. The home was built in 1989. What are the implications?
A 1989 build is newer than most in Rossmere-A (neighborhood average year built is 1964). This typically suggests updated electrical wiring, plumbing, and insulation standards compared to mid-century homes, potentially reducing immediate renovation needs and improving energy efficiency.

5. Who would this property not suit?
It may not suit buyers seeking a very large interior, as the living space is closer to the city average, or those whose budget is strictly at the neighborhood's average price point. It's also not a "fixer-upper" opportunity, as its premium valuation reflects a move-in-ready condition for the area.

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