Property Overview: 695 Garfield Street N, Winnipeg
Key Characteristics & Appeal
This home at 695 Garfield Street N in the Minto neighbourhood is a property defined by its strong local standing. Built in 1943, it offers 1,371 sqft of living space, which is notably above average for both its immediate street and the wider Minto area. The lot size of 3,228 sqft is consistent with local norms. The data reveals a key perspective: this home holds more value and space relative to its direct neighbours than it does in a city-wide comparison. Its assessed value is strong for the area, suggesting it is a well-regarded home on its block. The appeal lies in acquiring a property that outperforms many nearby comparables in terms of size and value, offering a sense of relative value within an established community.
This home would suit a buyer looking for a character home in a mature neighbourhood, who prioritizes more interior space than is typical for the immediate locale. It’s also a sensible choice for a value-conscious buyer who understands that a lower city-wide assessment can translate into relatively lower property taxes compared to homes of similar size in other parts of Winnipeg.
Frequently Asked Questions
1. How does this home’s value compare to nearby properties?
Its assessed value ranks in the top 25% on its own street and the top 15% in the Minto area, indicating it is considered more valuable than many surrounding homes.
2. Is the living space larger than most homes in the area?
Yes. With 1,371 sqft, it ranks in the top 18% of homes on Garfield Street N and the top 14% in Minto for living area, meaning it offers more interior space than most comparable local properties.
3. What does the sold price history indicate?
Public records show it last sold between $250k-$300k in 2020. This sale price ranked around the top 35-39% for the area at that time, aligning with its above-average standing.
4. The home was built in 1943. Should I be concerned about its age?
While 83 years old, it is actually newer than many homes on its street and in Minto, ranking in the top 20% and 32% respectively for year built. This suggests the immediate area features many heritage-era homes, and this one is among the more recent of that group.
5. Why is the city-wide ranking for assessed value much lower?
The assessed value is tailored to the local market. While it’s above average for Minto, city-wide averages are pulled much higher by assessments in newer suburbs and more expensive neighbourhoods. This can be an advantage, as property taxes are based on this assessed value.