Property Overview: 688 Garfield Street N, Winnipeg
Key Characteristics & Appeal
This home presents a compelling value proposition centered on space and land. Built in 1946, its key appeal lies in its generous proportions relative to its immediate neighborhood. With 1,540 sqft of living area, it ranks in the top 8% for size on its street and in the Minto area, offering significantly more interior space than local averages. This is paired with a sizable 4,191 sqft lot, placing it in the top 6% for land area on Garfield Street N. This combination suggests a home with room to grow, both inside and out, which is a notable find in an established neighborhood.
The property’s assessed value is modest compared to the Winnipeg city-wide average, but it ranks above average for its specific street and area. This indicates it is perceived as a good value within its most relevant market context. The sales history shows steady appreciation. The home would suit practical buyers looking for a spacious footprint and a larger yard without a premium city-wide price tag. It’s ideal for someone who values neighborhood-level value over newer construction, and who may see potential in a solid, older home on a generous lot.
Frequently Asked Questions
1. Why is the city-wide assessed value ranking much lower?
The assessed value is below the city-wide average because this metric includes all property types and neighborhoods across Winnipeg. The more relevant comparison is to the street and local area, where it ranks above average, indicating it is a strong value within its specific market.
2. What does the "Year Built" ranking mean for a 1946 home?
While an 80-year-old home is older than most in the city, it ranks in the top 11% on its street. This means many homes in the immediate vicinity are even older, some dating to the 1930s. The home is actually newer than many of its closest neighbors.
3. How reliable are the sold price ranges shown?
The provided price ranges are estimates based on public data. To obtain the exact historical sale prices, you must request them via the email service mentioned, as this information is manually verified and disclosed.
4. Is the large lot size typical for the area?
No. The lot size of 4,191 sqft is well above the average for both the street and the Minto area (top 6-13%). This is one of the property's standout features, offering more outdoor space than most nearby homes.
5. What is the main takeaway from all these rankings?
The data consistently shows this property is a "big fish in a small pond." It offers more living space, a larger lot, and a newer build year compared to most direct neighbors, while maintaining an assessed value that is competitive and sensible for the Minto area.