Property Overview: 713 Garfield Street N, Winnipeg
Key Characteristics & Appeal
This home, built in 1939, is a well-established property in the Minto neighbourhood. With 1,209 square feet of living space, it offers a comfortable size that ranks above average for its immediate area. The lot is a notable feature at 3,467 square feet, providing more outdoor space than many neighbouring properties. Its assessed value is strong relative to the local market, ranking in the top tiers for both the street and the broader Minto area, suggesting it is viewed as a solid asset within its community context.
The appeal lies in its position as a character home in a mature neighbourhood, offering space and value within its local market. It suits buyers looking for a established home with a good-sized yard, who value neighbourhood character over new construction. It may particularly resonate with those who appreciate a home that stands out positively in its immediate surroundings for lot size and assessed value, rather than just city-wide comparisons. A thoughtful perspective is that while the home is older on a city-wide scale, its age is actually newer than many on its street, indicating a pocket of slightly more recent construction in a historic area.
Frequently Asked Questions
1. How does this home’s value compare to nearby sales?
Recent sales data indicates it sold between $300k-$350k in 2023, a price that ranked in the top 9% for its street and top 7% for the Minto area at that time, reflecting its strong positioning in the local market.
2. Is the living space considered large or small?
At 1,209 sq ft, the living area is above average for both Garfield Street N and the Minto neighbourhood, but is around the median when compared to the entire city. It offers ample space for the area.
3. What does the assessed value tell me?
The $31,800 assessed value is significantly above the average for both the street and Minto, yet is around average city-wide. This highlights that value is often hyper-local, and this property is a higher-assessed home within its established community.
4. The home was built in 1939. Is that a concern?
While older than the city median, the 1939 build date is actually newer than many homes on its street and in the Minto area. This suggests potentially updated infrastructure compared to immediate neighbours, but a professional inspection is always recommended for a home of this age.
5. How does the lot size compare?
The 3,467 sq ft lot is a key asset, ranking above average for the street. It offers more outdoor space than is typical for the immediate vicinity, which is a valuable feature in a mature neighbourhood.