Property Overview: 900 Spruce Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 900 Spruce Street in the Minto neighbourhood is a classic, century-old property that presents a practical and straightforward opportunity. Its key characteristics are defined by how it compares locally. With 840 sqft of living space and a 3,058 sqft lot, it sits around the average for its immediate street and the broader Minto area. This indicates a comfortable, manageable size that fits well within its established community context.

The primary appeal lies in its relative affordability and stability within a mature neighbourhood. The assessed value is consistent with local norms, and its recent sale history suggests a market price significantly below the Winnipeg city-wide average for homes. This creates an accessible entry point into homeownership. The lot size, while modest by suburban standards, is typical for the area and offers reasonable outdoor space.

This property would best suit a first-time buyer, a practical downsizer, or an investor seeking a straightforward rental property in a long-established area. It appeals to those who value character and location over modern size, and who are prepared for the maintenance considerations of a 100-year-old home. A less obvious perspective is that its "average" metrics within Minto could be seen as a strength—it represents the core housing stock of the neighbourhood without the premium or the challenges of outliers, offering a balanced and predictable community experience.

Section 2: Frequently Asked Questions

1. How does this home's size compare to others nearby?
At 840 sqft, the living area is slightly below the average for Spruce Street itself (983 sqft avg.) and for the Minto area (1,060 sqft avg.). It is a compact, efficiently sized home typical of its era.

2. What does the assessed value tell me?
The assessed value of $25,100 is very close to the average for both the street and Minto. However, it is important to note that this is for taxation purposes. The recent sold price range (2024) provides a clearer picture of its actual market value.

3. Are there concerns with a home built in 1926?
The home is 100 years old, which is older than most on its street and in the city. This suggests potential for character but also means prospective buyers should prioritize a thorough inspection to understand the condition of major systems like wiring, plumbing, and the foundation.

4. How does the lot size impact potential?
The lot of 3,058 sqft is standard for the area. It provides adequate yard space but is not oversized. For this neighbourhood, it is a typical parcel, so future expansion like a large addition may be limited by bylaws and space.

5. Why is the city-wide comparison so different?
The data shows that compared to all Winnipeg, this home is below average in size, lot size, and assessed value. This highlights Minto's position as a more affordable, established urban neighbourhood compared to newer suburban areas with larger, higher-valued homes.