Property Overview: 637 Garfield Street N, Winnipeg
Key Characteristics & Appeal
This home presents a compelling mix of modern convenience and efficient living. Built in 2013, it is a notably newer construction compared to most homes on its street and in the wider Minto area, ranking in the top 1%. This translates to likely benefits like updated building systems, modern insulation, and less immediate need for major renovations. With 890 square feet of living space, it offers a manageable, low-maintenance footprint that is quite typical for the local neighborhood.
The property’s standout feature is its strong assessed value relative to the immediate area, ranking in the top 14% on Garfield Street and the top 6% in Minto. This suggests it is viewed as a higher-value asset in its community, which could be attributed to its newer age and condition. The lot size is compact at 2,478 sqft, which means lower outdoor upkeep but less private yard space—a practical trade-off.
This home would suit first-time buyers seeking a move-in-ready property without the surprises of an older home, or downsizers looking for a modern, easy-to-manage space. Its appeal lies in being a contemporary, "set-and-forget" option in a neighborhood of mostly older homes, offering modern comforts with the financial efficiency of a smaller scale.
Frequently Asked Questions
1. How does the newer construction impact ongoing costs?
A 2013 build typically means more efficient heating/cooling systems, newer roofing, and modern windows. This can lead to lower monthly utility bills and reduced risk of costly repairs in the short to medium term compared to the neighborhood’s older housing stock.
2. The lot is smaller than average. What are the implications?
The compact 2,478 sqft lot minimizes yard maintenance—a plus for those seeking a low-upkeep lifestyle. However, it may limit options for expansions like large decks, additions, or extensive gardening. It’s a practical fit for those prioritizing the home itself over outdoor space.
3. The assessed value is high for the area. Is that good?
A high relative assessed value indicates the property is considered a premium asset locally, which can be positive for equity. However, it’s important to verify that this assessment aligns with current market values and doesn’t disproportionately affect property tax obligations.
4. Who might this property not suit?
It may not fit buyers needing significant space for a growing family, those who desire a large garden or workshop, or investors looking for a fixer-upper with "sweat equity" potential. The value here is in its modern, finished condition.
5. The sold price history shows a range. How can I get the exact figure?
Exact sold prices are not publicly displayed in detail here. You can request the precise historical sale data by emailing the provided service; they manually provide the information without using your email for unsolicited marketing.