Property Overview

18 Blue Spruce Crescent is a well-established home in Winnipeg's Minnetonka neighbourhood. Built in 1974, it presents a compelling profile defined by its strong standing on its own street, even as it offers a more modest footprint compared to broader area averages.

Key Characteristics & Appeal

This 1,129 sqft home sits on a 4,995 sqft lot. Its primary appeal lies in its exceptional position relative to its immediate neighbours on Blue Spruce Crescent. It ranks in the top 10% for living area and an elite top 5% for assessed value on its street, indicating it is a larger and more valuable property within that specific local context. This suggests a home that has been maintained or updated relative to others on the block.

The assessed value of $40.50k further reinforces its strong street-level standing. However, the perspective shifts when viewed against the wider Minnetonka area and city, where the home’s size and lot are around or below average. This creates a unique dynamic: it’s a leading property on its crescent, offering a sense of value and prominence locally, while being a more manageable, mid-century home in the broader market.

This property would suit a first-time buyer or downsizer looking for a well-kept home in a mature neighbourhood without the upkeep of a very large lot or house. It’s also a smart consideration for an investor or buyer who understands that a home’s top-tier status on its own street can be a stable value indicator, even if it isn’t the largest in the city.

Frequently Asked Questions

1. How does this home’s value compare to others on the street?
It holds an elite "Top 5%" rank for assessed value on Blue Spruce Crescent, meaning it is the most highly assessed property out of the 20 homes on the street.

2. Is the lot size a disadvantage?
The lot is smaller than most in the Minnetonka area. This could mean less outdoor maintenance, which some buyers prefer, but may limit expansion potential. For the street itself, the lot size is typical.

3. What do the recent sold prices indicate?
The home sold between $450k-$500k in 2024, which placed it in the top 8% of sales for its street at that time, showing strong demand and value retention in its immediate location.

4. The home was built in 1974. What should I consider?
As a 52-year-old home, systems like roofing, plumbing, and windows may be at or beyond their typical lifespan. A thorough inspection is essential, but its age is typical for the neighbourhood.

5. Why is there a difference between the assessed value ($40.50k) and the sold price (~$450k+)?
The assessed value is used for calculating municipal property taxes and is often significantly lower than the market value. The recent sold price is the true indicator of its market value.