Property Overview
This home at 612 Garfield Street N in Winnipeg's Minto neighbourhood presents a specific and practical value proposition. Built in 1948, its 768 sqft living space is notably compact, ranking it smaller than most comparable homes locally and city-wide. The lot size of 3,074 sqft is typical for the street. Its assessed value of $240,000 sits around the average for Minto but is well below the Winnipeg city average, highlighting its affordability within an urban context. The home last sold between $200k-$250k in 2022.
Key Characteristics & Appeal
The primary appeal of this property is grounded in affordability and location efficiency. It suits a first-time homebuyer, an investor, or a downsizer seeking a low-maintenance entry into the Winnipeg market without a long commute. Its smaller size means lower utility costs and less upkeep, a practical trade-off for the price point.
A less obvious perspective lies in its relative modernity for the area. Built in 1948, it is a significantly newer construction than many of its immediate neighbours, which average build years around 1930. This suggests the potential for somewhat newer core systems (like wiring or plumbing) compared to other homes on the block, which could be a hidden advantage.
Frequently Asked Questions
1. Is the home unusually small?
Yes, at 768 sqft, the living area is below average for the Minto neighbourhood and significantly smaller than the Winnipeg city average. It is a compact, efficient layout.
2. How does the assessed value compare?
The $240,000 assessment is around the average for the Minto area but is considered below average when compared to the entire city, underscoring the neighbourhood's relative affordability.
3. What does the 1948 build year mean for this property?
While 78 years old, this home is actually newer than most on its street and in the Minto area, where average build years are 1930 and 1933, respectively. This could imply updates or construction methods from a later era.
4. What type of buyer is this best suited for?
It is best suited for budget-conscious buyers prioritizing location and affordability over space, such as first-time purchasers, investors looking for a rental, or those seeking a minimalist, low-maintenance lifestyle.
5. How can I get the exact historical sale price?
The provided data shows a sale price range. To obtain the exact sale price from the 2022 transaction, you must request it directly via the email service offered on the listing page.