885 Spruce Street

Property Overview: 885 Spruce Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 885 Spruce Street in the Minto neighbourhood is a classic Winnipeg property that offers solid, middle-of-the-road metrics within its immediate context. Built in 1943, it features 1,072 square feet of living space on a 3,662 square foot lot. Its primary appeal lies in its relative consistency and stability when compared directly to its neighbours. The living area, lot size, and assessed value all rank in the top 40-46% on its own street and within the Minto area, meaning it generally outperforms more than half of comparable local homes. This suggests a property that is well-aligned with its community's scale and character.

A thoughtful perspective is that this home represents a "known quantity" in its micro-market. It’s not an outlier in terms of size or value, which can be an advantage for buyers seeking a home that fits comfortably within the established fabric of the street without unexpected premium costs or downsides. The lot size is notably above average for Minto, offering a bit more outdoor space than many area properties. The most striking data point is the city-wide assessed value, which is significantly below the Winnipeg average, highlighting the affordability this area provides compared to the broader market.

This property would suit a practical, value-conscious buyer—perhaps a first-time homeowner or an investor—who prioritizes a stable, established neighbourhood over brand-new construction. It’s ideal for someone who understands the trade-offs of an older home (built 83 years ago) but appreciates the character and larger-than-area-average lot that often comes with it.

Section 2: Frequently Asked Questions

1. What does the "rank" and "top X%" data mean for each feature?
This data compares the home directly to specific groups of similar properties. For example, the living area is in the "Top 37%" on its street, meaning it is larger than 37% of comparable homes on Spruce Street. It's a way to gauge how the property stacks up against its immediate peers.

2. The assessed value is listed as $25.90k, but it sold for $250k-$300k in 2019. Why is there such a large difference?
The assessed value is for taxation purposes and is typically a fraction of the market value. The sale price from 2019 reflects the actual market value at that time. For the exact historical sale price, you can request it via email from the listing source.

3. How does the age of the home (1943) impact its value and appeal?
While older than the city-wide average, the home is actually slightly newer than many on its street and in Minto. This age is typical for the neighbourhood's character. It implies potential for classic architectural details but also means prospective buyers should budget for maintenance and updates common to houses of this era.

4. The lot size is "above average" for Minto but "below average" city-wide. Which is more relevant?
For daily living and neighbourhood compatibility, the local (Minto) comparison is more relevant. It means you're getting a generous yard for that specific area. The city-wide comparison simply highlights that inner-city lots are generally smaller than those in newer suburban developments.

5. Who would I be sharing the street with, based on this data?
The consistent "around average" rankings for key features on Spruce Street suggest the surrounding homes are very similar in scale, age, and value. This indicates a street of relative uniformity, which can contribute to neighbourhood stability and predictable property values.