Property Overview: 840 Spruce Street, Winnipeg
Key Characteristics & Appeal
This home at 840 Spruce Street in the Minto neighbourhood presents a compelling mix of space, value, and location. Built in 1930, its key appeal lies in its above-average living area (1,184 sq ft), which is notably larger than most similar homes on its street and in the immediate area. This suggests a home that offers more interior room than many of its peers, a significant practical advantage.
The property’s assessed value is consistently above average for both Spruce Street and the broader Minto area, indicating it is viewed as a solid asset within its local market context. While its lot size is typical for the neighbourhood, the combination of a spacious interior on a standard city lot creates an efficient footprint. The sale history shows strong appreciation, with the last sale in 2022 ranking in the top tiers locally.
This property would suit a buyer looking for a character home with more generous interior space than is commonly found in the area, without an overly large yard to maintain. It’s ideal for someone who values a established neighbourhood feel and whose priority is indoor living area. The data suggests it’s a competitively positioned property within its specific micro-market of Minto and Spruce Street, likely appealing to pragmatic buyers focused on intrinsic value and liveability over city-wide comparisons.
Frequently Asked Questions
1. How does the assessed value compare to the likely market price?
The assessed value ($28,900) is for taxation purposes and is typically much lower than market value. Recent sale prices (e.g., $350k-$400k in 2022) are a far better indicator of its actual market worth.
2. Is the 1930 build date a concern?
While the home is 96 years old, its year built is typical for the street and area. This is common for Winnipeg’s established neighbourhoods. A thorough inspection is essential to understand the condition of major systems, potential updates, and any heritage character features.
3. What does the "above average" living area ranking mean practically?
It means this home has more interior square footage than 76% of comparable homes on Spruce Street. You are likely getting more room—potentially an extra bedroom, larger living areas, or more functional layout—than in many other homes you might view in the immediate vicinity.
4. The lot seems smaller than the city average. Is that a drawback?
The lot is standard for Minto. This can be an advantage for those seeking lower maintenance. The data shows the home compensates by offering more living space on that standard lot, which can be an efficient use of the property.
5. Why is there only a price range for past sales, and how do I get the exact figure?
Exact sale prices in Manitoba are not publicly posted online. The ranges are estimated from public data. You can request the precise historical sold prices directly from the site via the provided email link, which they provide as a manual service.