Property Overview: 755 Spruce Street, Winnipeg
Key Characteristics & Appeal
This home, built in 1914, presents a classic character property with a practical layout. Its primary appeal lies in offering above-average interior space for its immediate neighbourhood. At 1,309 sqft, the living area is notably larger than most comparable homes on Spruce Street and within the wider Minto area, providing a sense of roominess that can be rare in older, established communities. The assessed value is consistent with local norms, suggesting a stable, no-surprises entry point into the market.
The property would suit a buyer who values established neighbourhoods and appreciates the potential of a century-old home, possibly a renovator or someone seeking a character-filled space without a premium price tag. It's a pragmatic choice for those who prioritize interior square footage over a large lot, as the land size is more modest. The data indicates this home is a larger-than-average fish in a smaller, well-established pond, ideal for someone wanting to put down roots in a mature area without feeling cramped indoors.
Frequently Asked Questions
1. What does the assessed value tell me about the property taxes?
The assessed value of $24,400 is a key municipal figure used to calculate property taxes. It is around the average for Minto, suggesting annual taxes should be in line with similar homes in the area. It's important to note this is not the market value.
2. The home was built in 1914. What should I consider?
A home of this age has undeniable character but requires careful evaluation. Prospective buyers should prioritize inspections for foundational integrity, plumbing and electrical systems (which may have been updated over time), and the overall condition of the original structure. This history can be a charm point, but it also means maintenance and updates are part of the long-term plan.
3. How does the lot size impact future plans?
At 2,891 sqft, the lot is smaller than many in the city. This means ample yard space may be limited, but it also translates to less exterior maintenance. It’s worth considering if you desire a large garden, deck, or future additions, as space for expansion could be constrained.
4. The home sold between 2020-2025. What does that price range indicate?
The recorded sale in the range of CA$200k–250k provides a recent market benchmark. This historical price, combined with the current assessed value, offers a reference point for understanding how the market has perceived the property, though current conditions and any improvements since then must be factored in.
5. The living area is ranked highly locally but average city-wide. What does this mean?
This highlights the neighbourhood context. You are getting a home that feels spacious compared to its direct neighbours, which is a daily lifestyle benefit. However, compared to the entire city—which includes newer suburbs with generally larger homes—it is middle-of-the-road. The appeal is specifically its relative size within a mature, inner-city community like Minto.