Property Overview & Appeal
This 836 sqft home at 870 Spruce Street in Winnipeg's Minto neighbourhood presents a practical, no-frills opportunity. Built in 1928, it sits on a 3,058 sqft lot. Its key appeal lies in its positioning as a statistically average property within its immediate area—it consistently ranks in the middle of the pack for living area, assessed value, year built, and lot size when compared to its street and neighbourhood. This suggests a stable, predictable entry point into the market without the premium or the steep challenges of more outlier properties.
The home would suit first-time buyers or practical investors looking for an affordable footprint in a long-established area. Its recent sale history (2016 and 2021, both in the $200k-$250k range) indicates it has functioned as a reliable, turnover property. A thoughtful perspective is that its "average" metrics within Minto might offer insulation from volatile swings in value, representing a baseline investment. However, its below-average size and older age compared to the wider city highlight that its appeal is specifically local and value-driven, not centered on modern space or amenities.
Frequently Asked Questions
1. How does this home truly compare to others nearby?
The data shows it is very typical for Spruce Street and the Minto area. Its living space, lot size, and assessed value all rank near the median (between the 42nd and 69th percentile) for the immediate vicinity, meaning you are getting a property that is representative of the local norm.
2. The assessed value seems very low compared to the city-wide average. Why?
The city-wide average assessed value shown ($390k) includes all property types and newer, larger homes across Winnipeg. This home's assessment ($25.9k for the building) is more reflective of its age, size, and the specific market in its neighbourhood. It's important to distinguish between municipal assessed value for taxation and potential market sale price.
3. What should I consider about a home built in 1928?
While the structure is nearly a century old, its year built is actually newer than many on its street (ranking in the top 67%). This suggests the immediate area is full of character homes of a similar vintage. Buyers should budget for potential updates to systems like wiring or plumbing and seek a thorough inspection to understand the home's condition.
4. The lot is smaller than the city average. Is that a concern?
At just over 3,000 sqft, the lot is below the Winnipeg average but is very standard for the Minto neighbourhood, where it ranks near the middle (54th percentile). It offers a manageable outdoor space typical of older, central communities, suiting those who prefer less maintenance.
5. How can I find out the exact past sale prices?
The listed sale prices are estimated ranges from public data. The page notes you can request the exact historical sold prices by providing your email address. The service states they will provide the accurate figures manually, typically by the end of the same day, and will not use the contact for unsolicited marketing.