Property Overview: 652 Spruce Street, Winnipeg

Key Characteristics & Appeal

This home at 652 Spruce Street presents a distinct profile defined by its spacious interior within a historic package. Its primary appeal lies in offering significantly more living space (1,410 sq ft) than most comparable homes in the immediate Minto neighbourhood and on Spruce Street itself, ranking in the top 13% and 8% locally, respectively. This makes it a standout for buyers seeking roominess without venturing into newer suburban areas.

However, this space comes within a character home built in 1914, which is older than most in the city. The lot size is modest for Winnipeg overall but is typical for the Minto area. The assessed value of $250k is consistent with the local market but sits below the wider city average, suggesting a value proposition within its established neighbourhood context.

This property would suit a practical buyer who prioritizes interior space over a large yard or modern construction. It’s ideal for someone attracted to the character and established feel of older neighbourhoods like Minto, and who sees potential in a home that offers above-average square footage for the area at a value-conscious price point. It may also appeal to those who understand the trade-offs of an older home, such as potential maintenance considerations, in exchange for location and unique charm.

Frequently Asked Questions

1. How does the home’s age affect its value and condition?
Built in 1914, the home is a century-old character property. While this contributes to its charm and established neighbourhood feel, it typically means buyers should budget for maintenance consistent with older homes and consider potential updates to systems like plumbing, wiring, or windows.

2. The living area is large for the area, but the lot is smaller. What does this mean for me?
This configuration suggests the home makes efficient use of its footprint, offering generous indoor living space without the burden of a large, high-maintenance yard. It’s a practical layout for those who prefer indoor space or low-yard upkeep, but may not suit those wanting extensive outdoor gardens or recreation space.

3. The assessed value is below the city average. Is this a good sign?
In this context, yes. The assessment is squarely in line with the local Minto and Spruce Street averages, indicating it is fairly valued for this specific neighbourhood. The lower city-wide comparison reflects the generally more affordable nature of established central neighbourhoods compared to newer suburban areas.

4. What can the 2023 sale price range tell me?
The home sold for an estimated $250k-$300k in 2023. This recent sale provides a solid, modern benchmark for its market value, showing activity and demand at that price level just two years ago.

5. The rankings show “top 8%” for living area on the street but “below average” for year built. How should I interpret these?
These contrasting rankings perfectly summarize the property’s trade-off. You are getting a home that is exceptionally spacious compared to its immediate neighbours (a significant upside), but one that is also among the older homes on the block. This highlights its core offering: more historic character and interior space for your money.