Property Overview

This home at 10 Blue Spruce Crescent in Winnipeg's Minnetonka neighbourhood presents a specific and compelling value proposition. Built in 1973, its key appeal lies in its efficient use of space and its position within its immediate community. The 1,129 sqft living area is notably above average for its own street, suggesting a home that offers more interior space than many of its direct neighbours. Its assessed value also ranks well on the street, indicating a perceived value that stands out in its micro-location. However, the lot size is smaller than most in the wider Minnetonka area, which frames the property as a more land-efficient option.

The home would suit first-time buyers or downsizers looking for a manageable property in an established neighbourhood without a large yard to maintain. It also appeals to the value-conscious buyer who prioritizes interior space and street-level comparables over a large lot. A thoughtful perspective is that this property represents a "street standout" – its metrics are strongest in its most immediate context, which can often matter more for daily living and resale than broader area averages. The last known sale was between $250k-$300k in 2017.

Frequently Asked Questions

1. Is the smaller lot size a disadvantage?
It depends on your priorities. The lot is smaller than most in Minnetonka, which means less yard maintenance. For buyers seeking a manageable outdoor space or who prioritize interior square footage, this can be an advantage. For those wanting extensive gardening or outdoor recreation space, it may be a limitation.

2. How does the assessed value compare to the likely market price?
The assessed value of $38,300 is for municipal tax purposes and is typically lower than market value. It serves as a useful benchmark against neighbouring homes, where this property ranks well, but should not be mistaken for an expected sale price.

3. What does the 2017 sale price tell us about today's value?
The prior sale price (CA$250k–300k) provides a historical anchor, but market conditions have likely changed since. It's most useful for understanding the price trajectory and should be considered alongside current market analyses and recent comparable sales.

4. The home is above average for its street but average for the area. What does that mean?
This suggests you're getting a property that stands out positively on its own block—often a good sign for pride of ownership and neighbourhood stability—while being priced within the broader market norms of Minnetonka. It can indicate a value opportunity on a desirable street.

5. How can I get the exact historical sold prices?
The provider offers an exact sold price history upon request via email. They state this is done manually with a same-day reply aim and that your email will not be used for unsolicited marketing.