Property Summary: 936 Spruce Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 936 Spruce Street in the Minto neighbourhood is a classic Winnipeg property defined by its early 20th-century origins and its position as a solid, average performer within its immediate area. Built in 1912, it is notably older than most homes on its street and across the city, suggesting potential for character but also a need for diligent maintenance and updates. With 1,120 square feet of living space and a 3,057 square foot lot, it sits comfortably within the typical range for Minto, offering a manageable size for a small household.

The primary appeal lies in its established location and its relative affordability, as indicated by its assessed value being consistent with local norms but significantly below the wider city average. This presents a value proposition for entry into a mature neighbourhood. The lot size, while modest by suburban standards, is practical and in line with area expectations.

This property would best suit a pragmatic, hands-on buyer—perhaps a first-time homeowner or an investor—who is comfortable with the realities of an older home. It’s for someone who values location over newness and sees potential in a structure with history, rather than someone seeking a modern, turn-key property. A thoughtful perspective is that its "average" metrics within Minto could signal stability and predictability, avoiding the premium of a top-tier street while still providing the benefits of an established community.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
This is typical for older, compact homes in central neighbourhoods compared to the average, which includes newer and larger suburban properties. The assessed value aligns closely with the averages for Spruce Street and the Minto area, reflecting its local market context.

2. What are the implications of the home being built in 1912?
While offering classic charm, a home of this age requires careful attention to systems like wiring, plumbing, and insulation. Prospective buyers should prioritize a thorough inspection to understand the condition and any needed updates.

3. How does the living space compare to nearby homes?
At 1,120 sq ft, it is slightly above the average for Spruce Street (983 sq ft) and very close to the Minto area average (1,060 sq ft). It provides a reasonably sized footprint for the neighbourhood.

4. What can the last sold price range (2017: $200k-$250k) tell me?
It offers a historical benchmark, but market conditions have likely changed since 2017. For a precise current valuation, you should request the exact sold price history and consult recent comparable sales.

5. Is the lot size a limitation?
At just over 3,000 sq ft, the lot is smaller than the Winnipeg city average but is standard for the area. It provides adequate outdoor space for a garden or patio without the high maintenance of a large yard, which some buyers may prefer.