Property Overview: 797 Spruce Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 797 Spruce Street in the Minto neighbourhood is defined by its efficiency and position as a more accessible entry point into the Winnipeg market. Built in 1930, its 741 sqft living area is notably compact, ranking well below averages for the street, area, and city. This translates to a manageable space with lower utility costs and minimal upkeep. The assessed value is modest, sitting below the city-wide average, which suggests a correspondingly lower property tax burden.
The appeal lies in its practicality. The lot size, while smaller than most in the city, is typical for the immediate area, offering a low-maintenance yard. Its recent sale history indicates it functions as a proven, affordable asset. This property would suit first-time buyers seeking a straightforward starter home, investors looking for a rental property with fundamentals, or downsizers who prioritize simplicity and cost-effectiveness over space. A thoughtful perspective is that its smaller size and older vintage could allow for a focused, efficient renovation, potentially creating a highly personalized and modern living space without the scale of a major project.
Section 2: Frequently Asked Questions
1. Is this a good value compared to the neighbourhood?
The data shows the home’s assessed value is around the average for the broader Minto area, suggesting it is priced in line with local norms. Its living space is smaller than many area homes, which is likely reflected in its value.
2. What should I know about a house built in 1930?
While the structure has proven its durability, a home of this age may have original components like wiring, plumbing, or windows. A thorough inspection is recommended to understand the condition and plan for any updates, which can also be opportunities to improve energy efficiency.
3. How does the small lot size affect the property?
The 2,410 sqft lot is smaller than the city average but common on its street. This means less yard maintenance, which is a benefit for those not wanting extensive outdoor work, but offers limited space for expansions, large gardens, or privacy from neighbours.
4. Why is the city-wide assessed value average so much higher?
The listed city-wide average (approximately $390k) includes all property types and sizes across Winnipeg. This home’s significantly lower assessment highlights its position as a smaller, more affordable option within the broader market.
5. How can I find out the exact historical sale price?
The exact sold prices are not publicly displayed in detail. As noted on the listing, you can request this information directly via email from the service, which provides the data manually without using your email for marketing.