Property Overview: 594 Springfield Road, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 594 Springfield Road in the Rossmere-A neighborhood presents a practical and competitively positioned offering. Its key appeal lies in being a well-sized, modern home within its context, offering move-in readiness compared to many area properties.

Built in 1989, the house is notably newer than most in Rossmere-A, ranking in the top 3% for its age within the community. This suggests updated core systems (like plumbing and electrical) and potentially less immediate need for major renovations. With 1,040 sqft of living space, it offers above-average room for its immediate street and is close to the neighborhood average, fitting the profile of a comfortable family starter home or downsizing option.

The property’s municipal assessed value is aligned with local averages, indicating a fair tax valuation relative to the area. A notable consideration is the land size, which at 3,710 sqft is smaller than typical for both the street and the city. This translates to lower maintenance but less private outdoor space. The home would best suit buyers seeking a turn-key property in a mature neighborhood who prioritize a modern build over a large yard. It’s a solid choice for those wanting to avoid the surprises and update costs often associated with older, larger-lot homes in Winnipeg’s established areas.

Section 2: Frequently Asked Questions

1. How does the 1989 build year affect this home?
This is a significant advantage in this neighborhood. Being decades newer than the community average (1964) typically means more modern construction standards, wiring, insulation, and windows. It likely reduces the risk and immediate cost of major system replacements.

2. The lot seems smaller than others. Is that a drawback?
It depends on your lifestyle. The smaller lot (3,710 sqft) means less yard work and lower maintenance, which can be a benefit. However, it also means less space for gardening, play structures, or future expansions like a large deck or addition.

3. What does the assessment value tell me about the price?
The municipal assessment ($324,000) is for tax purposes and is close to the local average. It’s a useful benchmark that the property is not over-valued relative to its immediate area, but the final market sale price is determined by current market conditions.

4. The home last sold in late 2021. Why is that relevant?
The previous sale price (noted in the $250,000-$300,000 range) provides a recent market anchor. It helps gauge how local values may have shifted and indicates the sellers likely have clear equity, which can contribute to more straightforward negotiations.

5. The living space ranks higher on its street than in the whole city. What does that mean?
This highlights the character of the immediate area. Springfield Road has smaller, more modestly sized homes on average. This house is above-average for its specific street, making it a standout locally, but is a standard size city-wide. It reflects the value of evaluating a property within its micro-neighborhood context.