254 Garfield Street S – Property Summary
Key Characteristics & Buyer Profile
This is a 1927-built home with 1,048 square feet of living space on a 3,429-square-foot lot. Its standout feature is the assessed value. Relative to other houses on Garfield Street, it ranks in the top 4%, sitting at $411,000 against a street average of $269,000. In the broader Wolseley neighbourhood, it still sits above average, though closer to the middle when compared across all of Winnipeg.
The living space is average for its street and the city, but falls well below the Wolseley neighbourhood average of 1,622 square feet. This suggests the area has a mix of larger homes, and this one is on the more modest side locally. The lot is slightly larger than others on the street but typical for Wolseley, and notably smaller than the citywide average—expected for an established inner-city neighbourhood. The build year is typical for the street, newer than much of Wolseley (where many homes date to around 1916), but older than the city average.
The appeal here is value and location. You’re getting a home in a desirable, mature neighbourhood with assessed value that punches well above street-level expectations. That may reflect recent updates, a well-maintained property, or simply strong local demand. It would suit a buyer who values being in a sought-after Winnipeg neighbourhood like Wolseley and is willing to accept a smaller-than-average floor plan in exchange for strong equity positioning and a lot size that still offers some outdoor space. It’s less suited for someone seeking maximum square footage or a newer build.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
On Garfield Street, this home’s assessed value of $411,000 is exceptional—ranked 17th out of 473 properties. It's also above the Wolseley neighbourhood average of $371,000, though closer to the middle citywide.
2. Is the living space considered small for this area?
Yes. The home is 1,048 square feet, which is near average for the street but well below the Wolseley neighbourhood average (1,622 sq ft). Many homes in the area are larger.
3. What’s the lot like, and is it typical for Wolseley?
At 3,429 square feet, the lot is slightly above average for Garfield Street and very close to the Wolseley average of 3,434 sq ft. It’s smaller than typical Winnipeg lots, but consistent with an older, walkable neighbourhood.
4. How old is the property, and does that matter?
Built in 1927, it’s typical for the street but newer than much of Wolseley (where many homes date from around 1916). It is older than the city average. Buyers should factor in potential maintenance and older home considerations.
5. Who is this property best suited for?
Buyers who want to be in a central, established Winnipeg neighbourhood with strong assessed value relative to the immediate street. It’s a good fit for someone prioritizing location and value retention over having the largest home.