Property Overview: 682 Garfield Street N, Winnipeg
Key Characteristics & Appeal
This home presents a compelling mix of space, value, and established neighbourhood character. Its most standout feature is the generous 1,832 sqft of living area, which ranks in the top 3% for its size both on Garfield Street and within the broader Minto area. This offers significantly more interior space than most comparable local homes, suggesting a layout well-suited for growing families or those wanting ample room.
The appeal lies in this balance of above-average interior space coupled with a very modest assessed value ($27,500), which is typical for the immediate area. This creates a value proposition centered on space per dollar, rather than land size or new construction. The lot is compact, and the home, built in 1913, is notably older than most in the city. This profile suits practical buyers—such as first-time homeowners or investors—who prioritize functional indoor space over a large yard and are comfortable with the maintenance considerations of a century-old home. Its value is firmly rooted in the local Minto context, making it a community-centric purchase rather than a city-wide standout.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Property assessments in Winnipeg are not direct market valuations but are used for calculating municipal taxes. The assessed value here is closely aligned with the averages for Garfield Street and Minto, reflecting the prevailing property values in this specific, established neighbourhood.
2. What are the implications of the home being built in 1913?
While offering classic charm and durable construction, a home of this age will likely have older mechanical systems (like plumbing and wiring), windows, and insulation. A thorough inspection is essential to understand the condition and potential future investments needed for updates or maintenance.
3. The living area is large, but the lot is smaller than average. What does this mean?
This indicates the home likely occupies a good portion of the lot. It’s efficient for living space but means smaller outdoor areas for gardening or recreation. It’s ideal for those who value indoor space over extensive yard work.
4. How reliable are the past sold price ranges shown?
The provided ranges are estimates based on publicly available data. For precise historical sale figures to inform your offer, you must request the exact sold price history via the email service mentioned on the listing page.
5. The home ranks "below average" for land area city-wide. Is that a concern?
This is a perspective issue. While the lot is smaller than the sprawling average for all of Winnipeg, it is much more typical for its inner-city neighbourhood. It’s more relevant to compare it to the local street and area averages, where it is only slightly below the norm.