Property Overview
This home at 785 Spruce Street in Winnipeg's Minto neighbourhood presents a balanced, value-oriented opportunity. Built in 1928, its 894 sqft living space is modest and typical for the immediate area, though smaller than the citywide average. The assessed value of $250,000 aligns closely with the local market in Minto. A standout feature is the 3,855 sqft lot, which is notably larger than many neighbouring properties, offering above-average outdoor space for the community.
Its appeal lies in its positioning as a practical entry point into homeownership or a straightforward investment. It suits buyers prioritizing lot size over interior square footage, those comfortable with the maintenance considerations of a near-century-old home, and investors seeking a property with fundamentals in line with its local market rather than citywide trends. A thoughtful perspective is that its "average" metrics within Minto suggest stability and lower risk of overpaying relative to the immediate area, while the larger lot provides a tangible asset for future enjoyment or potential value addition.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s $250,000 assessed value is very close to the average for both Spruce Street and the wider Minto area, indicating it is priced consistently with its direct neighbours.
2. What are the implications of the larger lot size?
At 3,855 sqft, the lot is larger than many in Minto. This could allow for more private outdoor space, gardening, or future projects like a shed or deck, subject to local bylaws.
3. What should I consider with a home built in 1928?
While the structure has proven its longevity, prospective buyers should pay special attention to the condition of major systems (like wiring, plumbing, and the foundation) and anticipate maintenance consistent with a home of this age.
4. How do I find out what it last sold for?
The listing indicates a sale between 2016–2025, with a price range provided. You can request the exact historical sold price by emailing the listing service, which they provide manually.
5. Is the living space sufficient for a small family?
At 894 sqft, the living area is functional but compact. It would best suit individuals, couples, or a small family comfortable with efficient use of space, as it is below the citywide average for home size.