Property Overview: 678 Spruce Street, Winnipeg
Key Characteristics & Appeal
This home presents a distinct profile centered on space and location within its immediate community. Its primary appeal is its generous 1,340 sqft living area, which ranks in the top 11% of homes on Spruce Street and the top 16% within the Minto area, offering more interior space than most nearby comparables. This makes it a standout for buyers seeking roominess in this specific neighbourhood. The property suits practical buyers who value functional square footage over a large lot, as the 2,600 sqft land area is modest for the street and city. Built in 1913, it is a character home that will likely appeal to those comfortable with the maintenance considerations of an older structure.
A thoughtful perspective is its positioning as a "bigger fish in a smaller pond." While its assessed value is average for Minto, it offers more living space than area norms, suggesting a potential value-for-space proposition within the local market. It would suit a buyer looking to establish themselves in the community with a spacious interior without paying the premium typical of larger-lot properties citywide. Recent sale activity indicates steady market interest.
Frequently Asked Questions
1. How does the home’s age impact its value and condition?
Built in 1913, the home is notably older than most in the city. This can mean character and established neighbourhoods, but prospective buyers should prioritize a thorough inspection to understand the condition of major systems, wiring, plumbing, and the foundation.
2. The assessed value seems low compared to recent sale prices. Why?
The assessed value is for municipal tax purposes and often lags behind the current market. The recent sold price ranges (2021, 2024) are significantly higher, reflecting actual market demand and conditions, not the tax assessment.
3. Is the lot size a disadvantage?
The lot is smaller than average for Spruce Street and significantly smaller than the Winnipeg average. This limits expansive outdoor space but may mean less yard maintenance. The trade-off is the above-average indoor living space.
4. What does its ranking in "living area" really mean for me?
Ranking in the top 16% in Minto for living area means you get more interior space than most homes in the area. This is a key advantage if you prioritize room count, layout size, or storage over having a large backyard.
5. How can I find out the exact historical sold prices?
The provided sold prices are estimated ranges from public data. As noted on the detail page, you can request the exact sold price history by emailing the listing service, which provides the figures manually without marketing spam.