Property Overview: 728 Spruce Street, Winnipeg
Key Characteristics & Appeal
This home on Spruce Street in the Minto neighbourhood presents a distinct profile defined by its contrasts. Its primary appeal is its generous living space. At 1,248 square feet, the interior is notably larger than most homes on its street and in the immediate area, offering above-average roominess for the location. This is balanced by a smaller, more manageable lot of 2,299 square feet, which means less yard maintenance.
Built in 1914, the property is a century-old character home, which typically appeals to those who appreciate historic charm but are prepared for the potential upkeep an older house requires. The assessed value is modest compared to the Winnipeg city-wide average, suggesting a potentially accessible entry point into the market, especially for the amount of interior space offered.
This property would suit a practical buyer who prioritizes indoor living space over a large yard, and who is comfortable with an older home. It’s a pragmatic choice for a first-time homeowner or an investor looking at the Minto area, offering more house for the dollar in terms of square footage, with the understanding that the lot size and age of the home are its trade-offs.
Frequently Asked Questions
1. How does the home’s size compare to its neighbours?
The living area is a standout feature. It ranks in the top 15% on Spruce Street itself and the top 23% in the Minto area, meaning it offers significantly more interior space than most comparable nearby homes.
2. What should I consider about the home’s age?
Built in 1914, the home is older than 86% of houses on its street. While this can mean character and established neighbourhoods, it’s wise to pay close attention to the condition of major systems (like plumbing, electrical, and the foundation) during an inspection.
3. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on municipal valuation for tax purposes and is influenced heavily by the home’s age, lot size, and local market trends in Minto. It is not a direct market price but indicates a lower tax base compared to newer or larger-lot homes across Winnipeg.
4. What does the smaller land area mean for me?
The lot is compact, ranking in the bottom 10% locally. This translates to minimal yard maintenance, which can be a benefit for those seeking a low-upkeep property. However, it also means limited private outdoor space and potential for very close proximity to neighbouring houses.
5. Can I find out the exact historical sale price?
The listed sale price range is based on public data. To obtain the precise sale price from its last transaction, you must request it directly via the email service provided on the listing page.