Property Summary: 758 Spruce Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 758 Spruce Street in the Minto neighbourhood is defined by its practicality and position as a modest, historically grounded property. Built in 1928, its 777 sqft living area is relatively compact, ranking around average for its immediate street but below average for the wider city. The lot size of 2,533 sqft is notably smaller than most in the area, suggesting a low-maintenance yard. Its assessed value is significantly below citywide averages, indicating a property with a very accessible entry point.
The primary appeal lies in its affordability and efficiency. It represents a clear opportunity for first-time buyers or investors seeking a lower-cost foothold in the Winnipeg market. The smaller scale translates to manageable upkeep and utility costs. A thoughtful perspective is that a home of this vintage and size on a smaller lot often appeals to those valuing simplicity and location over expansiveness, potentially suiting downsizers or individuals comfortable with a more minimalist footprint. It’s a property for buyers whose priority is economic entry into homeownership, not for those seeking ample space or modern square footage.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the citywide average?
The assessed value reflects the property's specific characteristics—its smaller living area, lot size, and age—within its market context. It is aligned more closely with values in the Minto area and on Spruce Street itself, indicating it is priced for its local market position.
2. What does the sold price history tell us?
The property sold between $200k-$250k in 2021. This historical price, combined with the current low assessed value, suggests it has been a consistently lower-priced home, which can be a marker of stability for budget-conscious buyers rather than a sign of depreciation.
3. Is the smaller lot size a disadvantage?
It depends on your lifestyle. While it offers less outdoor space than many properties, it also means significantly less yard work and maintenance. This can be a advantage for those seeking a low-maintenance property or who prioritize indoor living.
4. How does the living area compare to nearby homes?
At 777 sqft, it is smaller than the average home on Spruce Street (~983 sqft) and in the Minto area (~1,060 sqft). This confirms it is a compact home, likely with a traditional, efficient layout typical of its era.
5. Where can I see more detailed context for this property?
You can open the neighbourhood analysis page to view this home on a map alongside nearby houses, comparing details like year built, living area, and lot size directly with its neighbours for clearer context.