Property Overview

This home at 933 Spruce Street in Winnipeg’s Minto neighbourhood presents a specific and practical value proposition. Built in 1941, it is a modest, well-established property with a 708 sqft living area situated on a standard city lot of 3,374 sqft. Its assessed value is notably low compared to the Winnipeg city-wide average, yet it is typical for its immediate area. The home last sold in the $250k-$300k range in 2023.

Key Characteristics & Appeal

The primary appeal of this property is its affordability and efficiency within a mature neighbourhood. Its living space is compact, ranking it smaller than most homes locally and city-wide, which translates to lower utility costs and minimal upkeep. The lot size is perfectly average for the street, offering adequate outdoor space without being burdensome. Its assessed value, while a fraction of the city average, aligns directly with neighbouring properties, indicating a stable, low-pressure entry point into the market.

This home would suit first-time buyers or investors seeking a straightforward, low-cost holding. It’s a practical choice for someone who prioritizes financial accessibility over space, potentially viewing the compact size as an advantage for a simpler lifestyle. A thoughtful perspective is that this property represents the "baseline" of the local market—it’s not competing with larger, renovated homes but offers a genuine opportunity to enter a community without premium pricing.

Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
This is typical for the specific area and property type. The assessment reflects the home's modest size, age, and the prevailing values in the Minto neighbourhood, which are consistently lower than the broader Winnipeg average.

2. What does the "Top 96%" ranking for living area mean?
It means that 96% of homes city-wide have a larger living area. This highlights that this is a notably compact home compared to the overall market, though it is more in line with (but still below) the average for its own street.

3. How recent is the sale price information?
The home sold in 2023 for an estimated $250,000-$300,000. For the exact sale price, you can request the information via email from the listing service.

4. Is the 1941 build date a concern?
While the home is 85 years old, its age is actually around the neighbourhood average. This is typical for the area and suggests potential for older-home character, but a thorough inspection is essential to understand the condition of major systems like plumbing, wiring, and the foundation.

5. How does the lot size compare?
At 3,374 sqft, the lot is very standard for Spruce Street and the Minto area. It provides a manageable yard space but is significantly smaller than the typical lot across the entire city, which averages around 6,570 sqft.