Property Overview
This home at 579 Spruce Street in Winnipeg's Minto neighbourhood presents a specific and practical value proposition. Built in 1947, it's a 794-square-foot house on a 3,340-square-foot lot. The appeal lies in its position as a modest, no-frills property that offers entry into the market. Its assessed value is notably higher than many area comparables, which can signal perceived stability or potential, but it also means property taxes will reflect that valuation. The home last sold in 2025 for an estimated $200k–$250k.
This property would best suit a first-time buyer or an investor looking for a straightforward, lower-maintenance asset in a central location. Its smaller living space is balanced by a decently sized lot for the area, offering potential for outdoor space or future expansion, subject to zoning. It’s not a luxury offering but a functional one, ideal for someone whose priority is securing a foothold in a neighbourhood rather than finding a move-in-ready dream home.
Frequently Asked Questions
1. Why is the assessed value higher than many area averages?
The assessment is above average for both Spruce Street and the broader Minto area. This can be due to a variety of factors, including specific improvements, its condition relative to neighbours, or its perceived market position. A higher assessment typically translates to higher property taxes.
2. What does the "below average" city-wide ranking for size and value mean?
This highlights the property's context. While its living space is compact compared to the Winnipeg average, it's much more typical for its immediate neighbourhood. This suggests you're buying into an area of generally smaller, older homes, which can mean lower utility costs and less upkeep, but also less interior space.
3. Is the 1947 build date a concern?
The year built (1947) is actually newer than many homes on the street and in Minto. While still an older home requiring a thorough inspection for wiring, plumbing, and insulation, it may have benefited from building practices and materials that are slightly more modern than its immediate peers.
4. How reliable is the sold price range shown?
The provided price range is based on available public data. For the exact sale price, you must request it directly via the provided email service. This is a common practice to ensure data accuracy and compliance with local regulations.
5. What is the potential based on the lot size?
The 3,340 sqft lot is fairly standard for the area but is a key asset. It offers a good ratio of outdoor to indoor space. For the right buyer, this presents a long-term opportunity—whether for gardening, adding a deck, or future redevelopment, all within the bounds of local zoning and heritage guidelines, if any.