643 Garfield Street N

Property Overview: 643 Garfield Street N, Winnipeg

Key Characteristics & Appeal

This home is a classic, early 20th-century residence built in 1914, offering a practical footprint of 1,112 square feet. Its primary appeal lies in its established Minto neighbourhood setting and its relative value within the local context. The living space is very much in line with area norms, making it a familiar and functional layout for the community. While the lot is more compact than many in the city, this can translate to lower maintenance, a significant consideration for certain lifestyles.

The data reveals a nuanced position. The home’s assessed value sits above average for the Minto area, suggesting it is viewed favorably compared to its immediate peers. However, it’s important to note this value is significantly below the wider Winnipeg average, highlighting the property's accessibility within the market. This combination points to a home that represents a solid, middle-ground investment in a mature neighbourhood—not the largest or newest, but one that holds its ground locally.

This property would best suit a pragmatic buyer: perhaps a first-time homeowner seeking an entry point into an established area without the upkeep of a large yard, or an investor looking for a character home with stable, neighbourhood-typical metrics. It’s for those who value location and character over modern size expectations.

Frequently Asked Questions

1. Is the assessed value the same as the market value?
No, the assessed value (listed as $27,900) is for municipal tax purposes. Market value is determined by current sale prices and can be higher or lower. The home last sold for an estimated $250k-$300k in 2019.

2. What does the lot size mean for me?
At 2,478 sq ft, the lot is smaller than many in Winnipeg. This means less yard maintenance, but also less private outdoor space. It’s a trade-off that suits those preferring a lower-maintenance property.

3. How does the age of the home (1914) affect it?
A 112-year-old home offers charm and established neighbourhood roots but requires diligent attention to aging components like plumbing, electrical, and the foundation. A thorough inspection is essential.

4. The data shows the value is "above average" for Minto but "below average" city-wide. What does that mean?
This indicates the home is a comparatively strong performer within its own neighbourhood, which is positive for local resale. The lower city-wide ranking reflects the more affordable nature of the Minto area compared to Winnipeg as a whole.

5. How can I find out the exact past sale price?
The provider offers a manual service to email the exact sold price history upon request, as the prices shown online are estimated ranges.