Property Overview: 682 Spruce Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home, built in 1914, presents a classic character property with a practical layout. Its key appeal lies in its efficient use of space. With 1,193 sqft of living area, it offers more interior room than many comparable homes on its street and in the immediate Minto area, providing good value for its footprint. The lot, at 2,510 sqft, is compact, which translates to lower maintenance—a significant consideration for those seeking an urban lifestyle without extensive yard work.
The property’s assessed value is notably modest, especially when viewed city-wide. This creates an accessible entry point into the market and suggests potential for value growth, particularly for buyers willing to invest in updates over time. It suits first-time buyers, downsizers, or pragmatic investors looking for a character home in a central location without a premium price tag. A thoughtful perspective is that its older vintage and smaller lot, while not top-tier in rankings, are precisely what keep it affordable and manageable, offering a realistic path to homeownership in Winnipeg.
Section 2: Frequently Asked Questions
1. How does the home’s age affect potential renovations?
Built in 1914, the house may have original charm but likely requires updates to electrical, plumbing, or insulation to modern standards. A pre-purchase inspection is crucial to understand the scope and priority of any needed work.
2. Is the smaller lot size a disadvantage?
It depends on your priorities. While it offers less private outdoor space, it significantly reduces maintenance time and costs. This can be a major advantage for busy professionals or those who prefer low-upkeep living.
3. The assessed value seems low city-wide. What does this mean?
The assessed value is used for calculating property taxes. A lower assessment relative to the city average generally means lower annual tax bills, which is a concrete, long-term financial benefit for the owner.
4. What is the significance of the living area being "above average" for the street?
It indicates you’re getting more interior space than many of your immediate neighbors for a likely similar price point. This efficiency makes the home stand out in its local context and is a strong practical asset.
5. How can I find out the exact historical sale price?
The exact sold price data is not publicly displayed. You can request it directly via the email prompt on the listing page. The service provides the accurate figure manually, typically by the end of the same business day.