631 Garfield Street N

Property Overview

631 Garfield Street N is a 1,333 sqft home in Winnipeg's Minto neighbourhood, built in 1913 on a 2,478 sqft lot. Its key characteristics present a mix of above-average interior space within a more modest and historic outer shell.

Key Characteristics & Appeal

The primary appeal of this property lies in its efficient use of space. While the lot size and assessed value are below average for the street, area, and city, the living area is notably larger than many comparable homes nearby. This suggests a home that may feel more spacious inside than its exterior or valuation might imply. Its 1913 construction offers classic character, but also indicates a need for a buyer comfortable with the maintenance considerations of an older home.

It would suit a practical, value-oriented buyer—perhaps a first-time homeowner or an investor—who prioritizes interior square footage over a large yard. The below-average assessed value can signal a potentially lower property tax burden and an accessible entry point into the market. This isn't a sprawling modern property; its appeal is for those who see potential in a well-sized, character home in an established neighbourhood, understanding that updates may be part of the journey.

Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
Assessed value for tax purposes is not the same as market value. This assessment reflects the property's specific attributes (like lot size and age) relative to the entire city. It often results in a lower property tax bill, which can be a financial advantage for the owner.

2. The home is over 110 years old. What should I be concerned about?
While offering charm, a 1913 home likely has older systems. A thorough inspection is essential to evaluate the foundation, plumbing, electrical wiring, and insulation. Budgeting for ongoing maintenance and potential updates is a key part of owning a historic property.

3. The living area is above average, but the lot is below average. What does this mean?
This typically indicates a home that occupies more of its lot, with a smaller backyard. It’s efficient for living space but offers less outdoor private area. This layout often appeals to those who want more house and less yard maintenance.

4. How reliable are the sold price ranges shown?
The ranges are based on publicly available data. For the exact historical sold price, you must request it via the provided email service. This step ensures accuracy, as not all sale details are fully disclosed in public records.

5. Who would this property NOT be suitable for?
It may not suit buyers seeking a large, low-maintenance yard, a brand-new build with modern fixtures throughout, or those who prefer a home with a higher assessed value for equity perception. It’s best for a hands-on buyer who values space inside the home over the land outside.