778 Garfield Street N

Property Overview: 778 Garfield Street N, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 778 Garfield Street N in the Minto neighbourhood is a practical and character-filled property built in 1939. With 951 sqft of living space on a 3,068 sqft lot, its size is very typical for its immediate street and area, offering a manageable footprint. The data reveals a nuanced position: while the home is average in size and value for Minto, it sits on a street with homes that are, on average, older, making this 1939 build relatively newer in its local context. Its assessed value is notably below the Winnipeg city average, highlighting its accessibility.

The appeal lies in its established neighbourhood setting and its value proposition. It represents an opportunity to own a solid, character home without the premium often attached to newer builds or larger lots. It would suit first-time buyers seeking an entry point into the market, practical downsizers looking for a manageable property, or value-focused investors interested in the area's rental potential. A thoughtful perspective is that its "averageness" on the street is a strength—it suggests a stable, consistent community without extreme outliers, which can be ideal for those seeking predictability and neighbourhood character over standout luxury.

Section 2: Frequently Asked Questions

1. How does this home compare to others on the street?
It is very comparable. Its living area, lot size, and assessed value all rank near the middle of the 473 properties on Garfield Street N. Notably, it was built in 1939, making it newer than the street's average home built around 1930.

2. Is the assessed value the same as the market value?
No. The assessed value of $24,600 is for municipal tax purposes. Market value is determined by what a buyer is willing to pay. The home last sold for an estimated $250k-$300k in 2020, which is a more relevant indicator of its market price.

3. What does the "below average" city-wide ranking mean?
When compared to all homes across Winnipeg, this property has a smaller living area and lot size, and a significantly lower assessed value than the city average. This isn't necessarily negative; it reflects the affordable and modestly scaled nature of many homes in central, established neighbourhoods like Minto compared to newer suburban areas.

4. What are the implications of the home's age (built in 1939)?
The age suggests potential for classic architectural charm but also means buyers should pay close attention to the condition of major systems (like plumbing, electrical, and the foundation) during an inspection. Its newer age relative to the street average could indicate fewer major updates have been needed over time.

5. How can I find out the exact past sale price?
The provided sold price is a range from public data. You can request the exact historical sale price by emailing via the button on the property details page. The service is manual, with a promise of a reply by the end of the same day and no unsolicited marketing.