Property Overview: 1015 Spruce Street, Winnipeg
Key Characteristics & Appeal
This home at 1015 Spruce Street in Sargent Park presents a compelling value proposition within its immediate area. Built in 1949, it is a newer construction compared to many neighbouring homes, which average from the 1930s. Its 1,298 sqft living area is notably above average for both the street and the wider Sargent Park neighbourhood, offering more interior space than most comparable local properties.
The appeal lies in its strong positioning within the local market. With an assessed value of $277k, it sits above the neighbourhood average, yet remains significantly below the Winnipeg citywide average for homes. This suggests you are paying for a well-sized home in an established community without the premium of a newer suburban lot. The lot size is typical for the area, providing a standard urban yard.
This property would suit a practical buyer looking for a character home with more space than is typical for the area, without venturing into premium city-wide price brackets. It’s ideal for someone who values being in a mature neighbourhood with older homes but prefers a relatively newer build with proven, stable value relative to its direct peers.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
Its assessed value of $277k is above the average for both Spruce Street and the Sargent Park neighbourhood, but ranks in the bottom quarter city-wide. This indicates it’s a premium property on its street, yet still an affordable option within the broader Winnipeg market.
2. Is the living space larger or smaller than similar homes?
Significantly larger. At 1,298 sqft, it ranks in the top 13% on its street and top 9% in Sargent Park, where averages are around 983 sqft and 953 sqft respectively.
3. Why isn’t there a visible sales history?
The platform does not automatically display transaction histories from public data. They offer a manual lookup service; you can request the full history and exact sold prices by email, which they will provide without using your contact for marketing.
4. How does the lot size compare?
The 3,372 sqft lot is very typical for Spruce Street and Sargent Park, but is about half the city-wide average. This is standard for central, mature neighbourhoods.
5. The home was built in 1949. Is that old for the area?
No, it’s actually newer than average. Many homes on the street and in Sargent Park were built around 1937, making this property roughly 12 years newer than many of its neighbours.