Property Overview: 774 Spruce Street, Winnipeg
Key Characteristics & Appeal
This home at 774 Spruce Street in the Minto neighbourhood is a classic Winnipeg property that represents a practical and grounded entry into homeownership. Built in 1940, its 1,112 sqft living area is notably spacious compared to similar homes on its street and within Minto, offering more room than many immediate peers. The lot size of 3,049 sqft is modest, particularly on a city-wide scale, which translates to lower maintenance—a key point for those seeking a manageable yard.
The primary appeal lies in its established location and its relative value. The assessed value is consistently average for both Spruce Street and the Minto area, suggesting it is priced in line with its immediate market. However, this assessment is significantly below the Winnipeg city average, highlighting a potential value proposition within its more affordable local context. The home last sold between 2020-2025, providing a relatively recent market benchmark.
This property would best suit first-time buyers, downsizers, or practical investors looking for a character home in an established community without the premium of a larger lot or a newer build. It’s for someone who prioritizes interior space over expansive outdoor area and appreciates a home that is financially grounded in its neighbourhood rather than standing out.
Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 1,112 sqft, the living space is larger than the average for comparable homes on Spruce Street (983 sqft avg.) and in the Minto area (1,060 sqft avg.). This suggests a relatively spacious interior for the locale.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value of $25,800 is typical for Minto but falls in the bottom 20% city-wide. This reflects the broader affordability of the neighbourhood compared to the Winnipeg average, not an issue with the specific property.
3. What should I consider about a home built in 1940?
While the build year is typical for the area, a home of this age will likely have older infrastructure. Prospective buyers should budget for potential updates to wiring, plumbing, or insulation and prioritize a thorough inspection.
4. The lot seems smaller than average. Is that a disadvantage?
The lot is below average for Spruce Street and significantly smaller than the city norm. This is a disadvantage for those wanting extensive outdoor space but an advantage for buyers seeking lower yard maintenance and a more compact, manageable property.
5. How can I find out the exact past sale price?
The listed sale price is a broad range from public data. The page notes that you can request the exact historical sold price by emailing the provided contact, as they manually provide this detail to verified users.