Property Overview: 930 Spruce Street, Winnipeg
Key Characteristics & Appeal
This property is defined by its historic character and modest scale, presenting a clear value-oriented opportunity. Built in 1909, it is among the oldest homes on its street and in the wider Minto area. With a living area of 624 sqft, the home is notably compact, ranking in the bottom 4% locally for size. This is balanced by a land area of 3,058 sqft, which is close to the average for the immediate neighbourhood, offering potential outdoor space.
Its primary appeal lies in its accessibility. The assessed value is significantly below averages at every geographic level, and it last sold in the CA$150k–200k range in 2020. This combination suggests a lower barrier to entry, potentially for land value or as a foundational investment. It would suit a pragmatic, hands-on buyer—perhaps a first-time investor looking for a hold property, someone seeking a minimal footprint, or a buyer with renovation plans who values the lot size over the current structure. A less obvious perspective is that a home of this age and size offers a chance to minimize consumption and utility costs, aligning with a simplistic or environmentally conscious lifestyle, provided updates are managed thoughtfully.
Frequently Asked Questions
1. Is this a "tear-down" property?
While its age, small size, and low assessed value might suggest that, the lot size is fairly typical for the street. Its future would depend on a buyer's plans, the home's structural condition, and local zoning. It could be a renovation project or a long-term land investment.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's specific attributes: very small living area, older age, and its location. It's assessed based on its current state and market value, not the potential value after renovation or redevelopment.
3. What does the "Top 96%" ranking for Living Area mean?
It means that 96% of comparable homes on Spruce Street have a larger living area. This is a percentile ranking, so a higher percentage indicates a smaller size relative to peers. It confirms this is a compact home.
4. How reliable are the past sold price ranges shown?
The ranges are based on public data. For the exact sold price, you must request it via the provided email service. This is a manual process to ensure accuracy and comply with data sourcing.
5. What are the immediate next steps if I'm interested?
Review the detailed neighbourhood analysis map to compare this property directly with its neighbours. Then, to inform an offer or plan, you should request the exact sold price history and arrange a professional inspection to understand the condition and feasibility of this 117-year-old home.