118 Spruce Thicket Walk

Property Overview: 118 Spruce Thicket Walk, Winnipeg

Key Characteristics & Appeal

This 948 sqft home in Riverbend, built in 1987, presents a practical and affordable entry point into a well-established neighborhood. Its primary appeal lies in its value positioning. With an assessed value of $372k, it sits below the average for both its street and neighborhood, yet aligns closely with the citywide average. This suggests a competitively priced offering, especially for a buyer whose priority is location within Riverbend over square footage.

The home suits first-time buyers, downsizers, or investors seeking a lower-maintenance property. Its smaller living area and lot size (4,620 sqft) translate to manageable upkeep and utility costs. A thoughtful perspective is that while the home ranks below area averages in size, its "around average" citywide valuation indicates it's priced appropriately for what it is, not necessarily at a discount. The data shows it last sold between $350k-$400k in mid-2021, providing a recent benchmark. Buyers should see this as a functional home in a desirable area, where the investment is in the community more than in an expansive property.

Frequently Asked Questions

1. Is this home a good value compared to others on the street?
The data suggests it is competitively priced. Its assessed value is below the street average ($390.1k), and its previous sale price was in the lower half of homes on Spruce Thicket Walk.

2. What should I expect regarding the home's condition given its age?
Built in 1987, the home is of an age where major components like the roof, windows, furnace, and plumbing may be nearing or due for replacement. A thorough inspection is essential to understand upcoming capital costs.

3. How does the smaller living area impact daily life and resale?
At 948 sqft, the floor plan will be compact. This efficiency appeals to minimalists or those looking to reduce living space, but it may feel constrained for those needing home offices or frequent guest space. Its below-average size for the area is a key factor in its pricing.

4. Are the property taxes likely to be lower?
Potentially, yes. Since property taxes are based on the assessed value, and this home's assessment is below the local averages, the tax bill should reflect that. However, always confirm the exact amount with municipal authorities.

5. How can I get the exact price it last sold for?
The provided sold price is a range. To obtain the exact figure, you must request it directly via email from the site, as they manually look up and provide this data due to industry regulations preventing its direct publication.