Property Overview: 934 Spruce Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 934 Spruce Street in the Minto neighbourhood is defined by its historical roots and practical positioning within the local market. Built in 1911, it is notably older than most homes in the area, offering classic character but also implying a need for diligent maintenance and potential updates. With 1,040 square feet of living space and a 3,057 square foot lot, the property provides a comfortable footprint that is squarely average for its immediate street and neighbourhood, suggesting a manageable scale for upkeep.
Its primary appeal lies in its affordability and established location. The assessed value is significantly below the Winnipeg city average, indicating a lower property tax burden and an accessible entry point into the market. This is a home that doesn’t stand out for size or modern features, but rather for its practicality and potential. It would suit a first-time buyer comfortable with a character home, an investor looking for a rental property in a stable area, or a downsizer seeking a modest, low-tax footprint in a long-established community. A thoughtful perspective is that its "average" metrics for the street signal integration into a consistent streetscape, potentially offering neighbourhood stability without the premium of a newly built or recently renovated home.
Section 2: Frequently Asked Questions
1. What does the "Top 99%" ranking for Year Built mean?
This indicates the home is among the oldest 1% on its street. Built in 1911, it is significantly older than the average home on Spruce Street (built around 1937), highlighting its historic character but also suggesting that systems like wiring, plumbing, and the foundation may require closer inspection.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value of $23,800 is for municipal tax purposes and reflects factors like the home's age, size, and location within Minto. It is not a market sale price. The last recorded sale was between $200k-$250k in 2021. The low assessment typically translates to lower annual property taxes.
3. How does the living space compare to nearby homes?
At 1,040 sq ft, the living area is slightly above the average for Spruce Street (~983 sq ft) and very close to the average for the wider Minto area (~1,060 sq ft). It offers a standard amount of space for the neighbourhood.
4. Can I get the exact historical sale price?
The public data shows a sale price range of $200,000-$250,000 for 2021. The listing service notes that obtaining the exact sale price requires a manual request via email, which they provide as a free service.
5. What is the potential for expansion or renovation?
The lot size is standard for the area. While not oversized, the 3,057 sq ft parcel may allow for some exterior additions or landscaping projects, subject to local zoning bylaws. Given the home's age, any major renovation would need to carefully consider the existing structure and potential historical elements.