Property Overview: 919 Spruce Street, Winnipeg
Key Characteristics & Appeal
This home at 919 Spruce Street in the Minto neighbourhood is a classic Winnipeg property that presents a clear value proposition. Built in 1941, it sits on a standard city lot of just over 3,300 sq ft. Its primary characteristic is its compact living space of 708 sq ft, which is notably smaller than most homes in the city, but fairly typical for its immediate area and era. The assessed value is modest and aligns with the local averages for Minto and Spruce Street, though it sits well below the city-wide average.
The appeal lies in its position as an affordable entry point into the Winnipeg market, particularly for those seeking a lower-maintenance property without a massive footprint. It suits first-time buyers, investors looking for a rental property, or downsizers who prioritize a manageable lot and lower property taxes. A thoughtful perspective is that its smaller size and average local valuation could mean less competition from buyers seeking larger, modernized homes, potentially creating an opportunity for a hands-on buyer to add value over time. The data suggests you're buying a standard lot in an established neighbourhood, where the value is in the land and location more than in the existing structure's size.
Frequently Asked Questions
1. Is the living area too small?
At 708 sq ft, the home is significantly smaller than the Winnipeg average. It requires efficient use of space and would not suit those needing multiple bedrooms or dedicated work-from-home areas. However, its size is more common on Spruce Street and in Minto.
2. What does the assessed value tell me?
The assessed value of approximately $25,300 is in line with neighbouring homes, indicating it is not overvalued for the area. It is, however, far below the city-wide average, which reflects the home's smaller size and the neighbourhood's market position.
3. How old is the home, and what does that mean?
Built in 1941, the home is 85 years old. This is typical for the area. Buyers should budget for potential updates to older mechanical systems (like plumbing or wiring) and anticipate maintenance consistent with a home of this age.
4. Can I find out the exact historical sale prices?
The listing service provides sold price ranges from public data. To obtain the exact sale price from previous transactions, you must request it directly via email from the listing service, which they provide manually.
5. How does the lot size compare?
The lot of 3,373 sq ft is standard for the street and neighbourhood. It offers typical backyard space for the area but is smaller than the average lot across Winnipeg, which often includes newer suburban developments.