Property Overview: 820 Spruce Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 820 Spruce Street in the Minto neighbourhood is a practical, character property built in 1929. With 814 square feet of living space on a 3,064 square foot lot, it offers a manageable scale for individuals, couples, or small families. Its assessed value of $230k positions it as a more accessible entry point within the Winnipeg market, especially when compared to the city-wide average.
The appeal lies in its established location and relative value. Within its immediate street and broader Minto area, the home's size, lot, and age are consistently around the local average, meaning it fits seamlessly into the fabric of the neighbourhood. It last sold in the $200k-$250k range in 2022, suggesting a stable market history.
This property would best suit first-time buyers or downsizers seeking a home with character in a mature neighbourhood without a premium price tag. It’s for those who value a manageable footprint and lot to maintain, and who appreciate a home that is typical for its area rather than an outlier. A thoughtful perspective is that its "average" standing locally could be a strength, indicating predictability and reducing the risk of being over-improved for the area.
Section 2: Frequently Asked Questions
1. How does this home compare to others nearby?
Within the Minto neighbourhood and on Spruce Street itself, this home is consistently around the average for key metrics like living area, lot size, and year built. This means it is a very representative home for the area.
2. What is the likely price range based on history?
The home sold within the $200,000 to $250,000 range in both 2017 and 2022. This provides a clear, recent benchmark for its market value.
3. Is the assessed value a reliable indicator?
The $230,000 assessment is close to its recent sold price history, suggesting it is a reasonably current valuation. It is below the average assessed value for the city as a whole.
4. What should I consider about a home built in 1929?
While offering classic charm, a home of this age may have older building materials and systems. A thorough inspection is essential to understand the condition of the foundation, plumbing, wiring, and roof, and to budget for any updates or maintenance.
5. How can I get the exact past sold prices?
The exact sold prices are not publicly displayed. You can request them by email via the button on the property details page; the service provides the accurate figures manually without using your email for marketing.