Property Overview: 671 Garfield Street N, Winnipeg
Key Characteristics & Appeal
This home is a practical, early 20th-century residence in the Minto neighbourhood, built in 1914. With 960 square feet of living space on a 2,578 sqft lot, its size is very typical for its immediate street and area, offering a manageable footprint. The appeal here is one of value and positioning within a well-established community. Its assessed value is modest and aligns closely with area averages, suggesting a potentially accessible entry point into the Winnipeg market. This isn't a large or modern property, but it represents a solid, no-frills baseline for the neighbourhood.
The home would suit first-time buyers or pragmatic investors looking for a straightforward property without a premium price tag. Its consistent, average metrics for the area indicate stability rather than standout features, appealing to those who prioritize location and fundamentals over size or newness. A thoughtful perspective is that its older vintage (112 years) places it below average for age on its street, which could imply more character but also warrants a careful review of its maintenance and updates. The lot size is compact, even for the city, which translates to lower upkeep but limited outdoor space.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s assessed value of $25,100 is very close to the average for both Garfield Street N and the wider Minto area, indicating it is priced consistently within its local market.
2. Is the living space smaller than average?
At 960 sqft, it is slightly below the average for its street (~1,085 sqft) but is quite typical for the Minto neighbourhood overall (~1,060 sqft). It is, however, notably smaller than the Winnipeg city-wide average.
3. What should I consider given the home’s age?
Built in 1914, the home is older than most on its street and in the city. This underscores the importance of a thorough inspection to understand the condition of major systems, potential heritage character, and any needed updates.
4. How does the lot size impact the property?
The 2,578 sqft lot is below average for the street and significantly smaller than the city-wide average. This means lower maintenance but also limited private outdoor space, which is a key factor for buyers with children or gardening interests.
5. What do the past sale prices indicate?
The home has sold several times in recent years, with the last recorded sale in 2021 in the $250k-$300k range. The upward trend in sale prices over successive transactions suggests the property has held or increased in value in a stable market.