Property Overview: 790 Spruce Street, Winnipeg
Key Characteristics & Appeal
This home at 790 Spruce Street in the Minto neighbourhood presents a distinct profile defined by its context. Built in 1926, it is a century-old character home that sits on a notably generous lot for its area—3,664 sqft, which ranks above average locally. With 864 sqft of living space, the interior is compact compared to the city-wide average, suggesting a cozy, efficient layout. A key standout is its assessed value of $29,500, which is significantly above average for both Spruce Street and the broader Minto area, indicating it may be assessed more favorably than many immediate peers.
The appeal lies in this combination of a larger, established lot in a mature neighbourhood with the potential of a character home. It suits a pragmatic buyer who values outdoor space over expansive square footage, and who is prepared for the upkeep of an older home. It could be an opportunity for someone looking to put their own stamp on a property, where the land itself is a primary asset. The last known sale was between $250k-$300k in 2020.
Frequently Asked Questions
1. Why is the assessed value so high compared to the street and area averages?
The assessed value of $29,500 ranks in the top 15% for Minto. This can be influenced by factors like the above-average lot size, specific improvements, or the property's condition relative to neighbours, as assessed by the city.
2. What should I consider with a home built in 1926?
A century-old home likely has character but requires careful attention to aging components. A thorough inspection is essential to understand the state of foundational elements, plumbing, electrical systems, and the roof.
3. How does the lot size compare practically?
At 3,664 sqft, the lot is larger than many in Minto. This offers more private outdoor space, garden potential, or room for additions like a shed or deck, which is a valuable commodity in established neighbourhoods.
4. The living area is below the city average. What does that mean for daily living?
With 864 sqft, the layout will be efficient. It likely suits individuals, couples, or small families comfortable with cozier quarters, or those who prioritize a larger yard over a larger floor plan.
5. How can I find out the exact historical sale price?
The listed sale price is a public data range. To obtain the precise sale price from the 2020 transaction, you can request it directly via the email option provided on the listing page.