Property Overview: 943 Spruce Street, Winnipeg
Key Characteristics & Appeal
This home at 943 Spruce Street in the Minto neighbourhood is a compact, historically grounded property built in 1942. Its primary characteristic is its modest 728 sqft living area, which is notably smaller than most homes on its street, in the area, and across Winnipeg. This positions it as an efficient, low-maintenance space. The lot size of 3,372 sqft is fairly typical for the local area, offering a balanced outdoor space without excessive upkeep.
The appeal lies in its affordability and location-based value. The assessed value is very consistent with the immediate area and street, suggesting it's priced appropriately within its established community context. A less obvious perspective is that its smaller size and older vintage might translate to lower utility costs and property taxes compared to larger, newer builds, offering a different kind of financial efficiency. This property would suit first-time buyers, downsizers, or investors seeking a straightforward, entry-level home in a mature neighbourhood without the premium for extra square footage. Its recent sale in the 2021-2025 period also indicates a modern transaction history in a known market.
Frequently Asked Questions
1. How does the home's size compare to others nearby?
At 728 sqft, the living area is below the average for Spruce Street, the Minto area, and Winnipeg overall. It is a compact home, which is reflected in its comparative rankings.
2. Is the assessed value typical for this area?
Yes. The assessed value is very much in line with the averages for both Spruce Street and the wider Minto neighbourhood, indicating it is assessed consistently with its local peers.
3. What can the last sold price tell me?
The property sold for an estimated $300k–$350k in the 2021-2025 period. This provides a recent market benchmark, but for the precise sale price, you can request the exact figure via the provided email service.
4. How does the lot size compare?
The 3,372 sqft lot is around the average for both the street and the Minto area. It is, however, below the city-wide average, as larger lots are more common in newer suburban developments.
5. The home was built in 1942. What should I consider?
As an 84-year-old home, it is older than the Winnipeg city average. Prospective buyers should factor in the potential for age-related maintenance or updates, which is typical for a home of this vintage in a mature neighbourhood.