Property Overview: 27 Blue Spruce Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct value proposition centered on land and location. Built in 1972, its 720 sqft living area is notably compact, ranking well below average for both the immediate street and wider city. This defines its core characteristic: a modest-sized house on a surprisingly generous 6,393 sqft lot, which ranks in the top 15% on its street.
The primary appeal lies in this land-to-structure ratio. It offers a solid footprint in the Minnetonka neighbourhood with an assessed value that is around average for its immediate surroundings. The recent sale history (2023, in the $350k-$400k range) suggests it is positioned as an accessible entry point into the Winnipeg market.
This property would best suit practical, value-oriented buyers. It’s a potential fit for a first-time homeowner comfortable with a cozy layout who prioritizes outdoor space for gardening, pets, or future expansion over immediate square footage. It could also appeal to an investor looking for a land-play or a rental property with lower upfront taxes, given its comparatively low assessed value. The buyer should be prepared for a home that may require updates, given its age and smaller interior configuration.
Section 2: Frequently Asked Questions
1. Is the low living area a concern?
Yes, it’s a defining feature. At 720 sqft, the home is significantly smaller than most in the area. Buyers should prioritize efficient use of space and consider if the layout meets their long-term needs.
2. What does the lot size actually offer?
The lot is larger than most on the street, providing valuable outdoor space. This could allow for additions (subject to permits), a large garden, or simply more privacy than neighbouring properties.
3. How does the assessed value impact property taxes?
With an assessed value significantly below the city-wide average for sold homes, the property likely carries a lower municipal tax burden than many others, which is a key ongoing cost savings.
4. The home sold recently in 2023. What does that indicate?
The sale within the last two years suggests the market price is relatively current. It indicates active interest in this type of property and provides a clear, recent benchmark for value.
5. Are there any obvious comparisons to nearby homes?
The direct neighbour at 23 Blue Spruce Crescent is a useful comparison, sharing the same living area and a nearly identical assessed value, indicating a consistent valuation for this specific model and lot type on the street.