Property Overview: 588 Spruce Street, Winnipeg

Key Characteristics & Appeal

This 1,175 sqft home on a 3,350 sqft lot in Minto presents a compelling value proposition rooted in its immediate context. Built in 1929, its primary appeal lies in its strong standing within the local neighbourhood. The living space is notably above average for Spruce Street itself (top 25%), offering more room than many direct neighbours. More significantly, its assessed value ranks in the top 20% within the Minto area, suggesting it is viewed as a substantial property relative to nearby homes, despite its city-wide assessment being more modest. This creates an interesting dynamic: it's a high-value home on its own street and within its community, offering space and established character that outperform local benchmarks.

The property would suit practical buyers looking for a solid footprint in a mature neighbourhood. It’s ideal for someone who values being above the local average in terms of space and assessment rather than chasing city-wide comparisons. The last known sale in the 2021-2025 period fell between $300k-$350k, which was a top 10-13% price for the area at the time, indicating a history of strong local demand. This isn't a brand-new or sprawling suburban home; its appeal is for the buyer who understands and appreciates value within a specific, established community fabric.

Frequently Asked Questions

1. Why is the city-wide assessed value ranking much lower than the street and area rankings?
Assessment values are comparative. While this home is a higher-value property on Spruce Street and in the Minto area, city-wide averages are lifted by assessments in newer subdivisions and more expensive market segments. This discrepancy highlights that the home is a strong performer in its own established neighbourhood.

2. What does the "above average" living area for the street mean practically?
With a living area ranking in the top 25% on its street, this home simply offers more interior space than most of its immediate neighbours. For daily living, this means potentially more room for families, workspace, or storage compared to other houses right around it.

3. The home was built in 1929. What should I consider?
A home of this age will have character but requires diligent inspection. While systems like wiring and plumbing may have been updated, the overall structure and maintenance history are key. Its age is typical for the street and area, so finding contractors familiar with homes from this era is easier.

4. How reliable is the sold price range shown?
The provided range is based on publicly available data. For the exact sale price and to verify the details, you must request the information directly via the provided email service, as exact sale prices are not always publicly disclosed in Manitoba.

5. How does the lot size compare?
At 3,350 sqft, the lot is very typical for both Spruce Street and the Minto area, ranking around the middle of the pack locally. It provides a standard urban yard space. It is, however, significantly smaller than the city-wide average, which includes many newer suburbs with larger lots.