Property Overview
This home at 594 Garfield Street N in Winnipeg's Minto neighbourhood presents a specific and practical value proposition. Built in 1951, its key appeal lies in the relationship between its modest 807 sqft living space and its larger-than-average 3,727 sqft lot for the immediate area. The assessed value is consistent with nearby homes, but sits notably below the wider city average, highlighting the area's affordability. Recent sales data indicates activity in the $250k-$300k range.
Its appeal is grounded in practicality and potential. The lot size is a standout feature, offering valuable outdoor space or future expansion possibilities uncommon for the street and neighbourhood. This suits first-time buyers, downsizers, or investors seeking an affordable entry point with a land-value advantage. It’s a home for those who prioritize lot size over interior square footage and see value in a mature, established community. A thoughtful perspective is that, while the interior is compact compared to local averages, the property’s 1951 build date actually makes it a newer home on its street, potentially implying updates over time or different construction standards than its older neighbours.
Frequently Asked Questions
1. How does the home's size compare to others nearby?
The living area of 807 sqft is below the average for both Garfield Street N and the broader Minto neighbourhood. This indicates a more compact interior layout typical of its era.
2. Is the assessed value high for the area?
No, the assessed value of $26.3k is very close to the average for both the street and Minto, but is significantly lower than the city-wide average, underscoring the area's relative affordability.
3. What is the most notable positive feature of the property?
The land area of 3,727 sqft is well above average for the street and neighbourhood. This larger lot is a key asset, offering more private outdoor space than most comparable properties nearby.
4. The home was built in 1951. Is that old for the area?
Interestingly, no. For Garfield Street N and Minto, a 1951 build date is actually above average, meaning many surrounding homes are older. City-wide, however, it is slightly below the average build year.
5. Where can I see more detailed context about the location?
A dedicated neighbourhood analysis page is available to view this property on a map alongside nearby homes, allowing for direct comparison of year built, living area, assessed value, and lot size.