Property Summary

Key Characteristics & Ideal Buyer Profile

This is a 1,225 sq ft single-family home built in 1991, set on a 6,455 sq ft lot in the Springfield North area of Winnipeg. The property sits on Ragsdill Road, a street where most homes are notably larger (average 1,717 sq ft), placing this house in the bottom 2% for living area on that street. Within the broader Springfield North neighbourhood, it ranks in the lower 38% for size, and city-wide it sits just below the midpoint (48th percentile).

Where this home stands out is its land. The lot is larger than average for both the neighbourhood (top 33%) and the city (top 23%), which gives it a practical edge over many comparable listings. The house is also older than most surrounding homes—built in 1991, placing it in the top quarter of Winnipeg properties by age—which can appeal to buyers who prefer established construction and mature landscaping over new-build cookie-cutter layouts.

The assessed value is $430,000, which is below the Ragsdill Road average ($489,000) but above the city median ($390,000). This suggests the price reflects the smaller interior rather than the lot or location.

Who it suits: Buyers who prioritize outdoor space over square footage. This could work well for a small family, a couple, or someone who gardens, has a workshop, or wants room to expand. It’s less suited to someone needing a large open-plan interior or who wants a turnkey newer build. The location may appeal to those who want a quieter street without being far from city amenities, though it’s worth checking commute patterns and local services directly.

Five Frequently Asked Questions

1. How does the smaller living area affect resale value?
The house is small relative to its street and neighbourhood, which could limit buyer interest in a market that favors larger interiors. However, the large lot offsets this somewhat—some buyers will pay a premium for land, especially if they plan to renovate or build an addition. In a resale scenario, you’d likely market to the same niche of land-focused buyers.

2. Is the assessed value of $430,000 reasonable?
It sits just above the city median and well below the street average, which makes sense given the home’s size. It’s a fair assessment for a home that’s older but on a good lot. That said, assessments don’t always track recent market activity—checking recent sale prices for similar Springfield North homes would give a clearer picture.

3. What condition can I expect from a 1991 home?
1991 isn’t old for Winnipeg, but it’s not recent either. Key systems (roof, furnace, windows, foundation) could be original or replaced depending on the owner. Buyers should budget for potential updates, especially if finishes haven’t been refreshed. A home inspection is advisable, particularly to check the foundation and drainage given the large lot.

4. How does this property compare to others on Ragsdill Road?
Ragsdill Road has mostly larger, more expensive homes. This property is a clear outlier in size and price, meaning it may feel like a “starter home” on a street of “step-up” homes. That could be a positive for someone who wants the address and lot without the cost—or a drawback if neighbours’ expectations skew higher.

5. Is the lot usable for an addition or secondary suite?
At 6,455 sq ft, the lot is large enough in theory for an extension or a detached structure, but zoning, setbacks, and utility access would need to be verified with the City of Winnipeg. The lot’s position in the top quarter city-wide suggests there’s room to work with, but it’s not oversized—so plans should be realistic.