746 Spruce Street

Property Overview

This home at 746 Spruce Street in Winnipeg's Minto neighbourhood presents a distinct profile defined by its early 20th-century origins and its position relative to surrounding properties. Built in 1914, it is a historic property with a living area of 1,149 sqft that feels spacious compared to many immediate neighbours, sitting in the top 28% for size on its street. The lot, at 2,759 sqft, is more compact than the citywide average but typical for the local area. Its assessed value is notably modest compared to the broader Winnipeg market, positioning it well below the city average. The home last sold in the 2017 price range of $200k-$250k.

Key Characteristics & Appeal

The primary appeal of this property lies in its above-average interior space for the immediate street and its very accessible price point, as reflected in the assessed value. It suits a practical buyer looking for character in an older home without paying a premium for lot size. It would be a fit for first-time homeowners, investors interested in a historic property, or those who prioritize interior square footage over a large yard. A thoughtful perspective is that its lower assessed value citywide may indicate a different property tax burden compared to newer homes, which could be a long-term financial advantage. However, its age (112 years) necessitates a mindful approach to maintenance and potential updates.

Frequently Asked Questions

1. What does the assessed value tell me about the property?
The assessed value of $24,900 is for municipal tax purposes and is significantly lower than the citywide average. It suggests a historically lower tax base, but it is not a direct indicator of current market selling price, as shown by its 2017 sale in the $200k-$250k range.

2. How does the home's age affect a purchase?
Built in 1914, the home offers classic character but requires a thorough inspection. Buyers should budget for maintenance consistent with a century-old structure and inquire about the age of major systems like plumbing, electrical, and the roof.

3. The living area is above average on the street, but the lot is smaller. What does this mean?
This indicates the home makes efficient use of its footprint, offering more interior space relative to its land. It's a trade-off: you get a more spacious house for the neighbourhood but a more compact outdoor area.

4. How can I find out the exact past sale price?
The provided sale data is a range. You can request the exact historical sold price by emailing via the "Get exact sold price history" button on the property page. The service is manual but provided without marketing spam.

5. Where can I see this property in context with its neighbours?
The neighbourhood analysis page provides an interactive map to compare this home directly with nearby properties on metrics like year built, living area, assessed value, and lot size.