Property Overview: 845 Spruce Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 845 Spruce Street in the Minto neighbourhood is a compact, nearly century-old property built in 1928. Its key characteristic is its modest scale: with 689 square feet of living space, it is notably smaller than most homes on its street, in Minto, and across Winnipeg. The lot size of 2,988 square feet is also below the street average but is fairly typical for the local area. The assessed value is significantly below the city-wide average, reflecting its size and age.
The appeal lies in its position as an attainable entry point into the Winnipeg market, particularly for a specific type of buyer. It suits first-time buyers, downsizers, or investors seeking a lower-cost property with manageable upkeep. Its lot, while not large, offers potential for outdoor space in a mature neighbourhood. A thoughtful perspective is that its smaller footprint can mean lower utility costs and less maintenance, appealing to those seeking simplicity. The data suggests it’s a property that doesn’t compete on size, but rather on value and opportunity within an established community.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on factors like the home's relatively small living area, its age, and its characteristics compared to the broader market. It reflects the property's scale and is more in line with averages for the immediate Minto area.
2. What does the "Top 88%" ranking for living area mean?
This statistic means that 88% of comparable homes on Spruce Street have a larger living area. For this property, it confirms that its 689 sqft size is on the smaller end for the street, which is a key consideration for space needs.
3. How recent is the sale price information?
The last recorded sale was in 2017, with a public price range of $200,000 to $250,000. For the exact sold price, you can request the information directly via the provided email service.
4. Is the age of the home (98 years) a concern?
While the home has character, its age implies that systems like plumbing, electrical, or the roof may have been updated over time. A thorough inspection is essential to understand the condition and any potential maintenance priorities.
5. What are the advantages of a smaller lot in this location?
A sub-3,000 sqft lot in this area is fairly common and can be an advantage for those who want a manageable yard with less landscaping work. It still allows for private outdoor space but focuses the property's value on the home itself and its location.