Property Overview: 580 Spruce Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 580 Spruce Street in the Minto neighbourhood is a practical, character property built in 1929. With 813 square feet of living space, it is a compact and manageable size, ranking around average for its immediate street but below the wider city average. This suggests a home that is typical for its historic, established area. The lot size of 2,885 sqft is modest, offering a lower-maintenance yard.
Its primary appeal lies in its positioning as an affordable entry point into the Winnipeg market. The assessed value is significantly below the city-wide average, indicating a lower property tax burden and an accessible price point. The home last sold between $150k-$200k in 2020, reinforcing its value-oriented nature. It suits first-time buyers, investors looking for a rental property, or downsizers seeking a straightforward, no-frills home in a central location. A thoughtful perspective is that a home of this age and size on a smaller lot presents a clear scope for renovations or updates, allowing a buyer to add value without the premium of a larger, more modern structure.
Section 2: Frequently Asked Questions
1. How does the property's size compare to nearby homes?
At 813 sqft, the living area is slightly below the average for the Minto area (~1,060 sqft) but is fairly typical for Spruce Street itself. It’s a compact layout, common for homes built in this era.
2. What does the assessed value tell me about this property?
The assessed value of $23,800 is around average for Minto but is well below the Winnipeg city average. This typically correlates with a more affordable purchase price and lower municipal property taxes.
3. What is the significance of the lot size being "below average" on its street?
The lot is 2,885 sqft, which is smaller than many on Spruce Street. This means less exterior maintenance and yard work, which can be an advantage for those seeking a simpler upkeep routine.
4. Can I find out the exact price it last sold for?
The public data shows a sale range of $150,000-$200,000 in 2020. The exact sale price is available by request from the listing service, which they provide manually via email.
5. What are the potential considerations with a home built in 1929?
A home of this age offers character but may require attention to older building components like plumbing, electrical, or insulation. It represents an opportunity to modernize incrementally. The neighbourhood analysis map is a useful tool to compare the age and specs of nearby homes for context.