Property Overview: 611 Garfield Street N, Winnipeg
Key Characteristics & Appeal
This home is defined by its historical character and its position as a modest, entry-level property within the Minto neighbourhood. Built in 1904, it is among the oldest homes on its street and in the wider area, offering a sense of heritage. With 746 square feet of living space and a 2,478 sqft lot, it is compact both in its footprint and its assessed value, which is notably below local and city-wide averages.
The primary appeal lies in its affordability and potential. The significantly lower assessed value compared to nearby homes suggests an opportunity for buyers looking to enter the market with a lower tax burden or renovation budget. It suits first-time buyers, investors seeking a rental property with a manageable entry cost, or hands-on individuals interested in gradually restoring an older home. A thoughtful perspective is that its small size and vintage require a lifestyle aligned with efficient living, making it less suitable for those needing ample space but ideal for minimalists or those viewing it as a strategic foothold in the city.
Frequently Asked Questions
1. What does the "below average" ranking for Year Built mean?
This indicates the home is older than most. Built in 1904, it ranks in the top 99% for age, meaning it is among the oldest 1% of homes in its comparison groups. This highlights its historical nature but also implies potential considerations for maintenance, systems, and heritage character.
2. Why is the Assessed Value so much lower than the city-wide average?
The assessed value of $19,300 is consistently in the bottom 7% compared to homes on the street, in Minto, and across Winnipeg. This reflects the home's smaller size, older age, and potentially its condition or features relative to the market. It is not an indicator of sale price but of its valuation for property tax purposes.
3. How reliable are the sold price ranges shown?
The listed sold price range (e.g., CA$150k–200k for 2018) is based on public data and is an estimate. The page notes that some months of data may be missing. For the exact historical sale price, you must request it via the provided email service.
4. What should I consider about the living area size?
At 746 sqft, the living space is significantly smaller than the average home in all comparison categories. Buyers should realistically assess if the layout and room sizes meet their needs, as renovations to expand could be limited by the lot size.
5. How does the land size impact future possibilities?
The lot of 2,478 sqft is smaller than many in the area. This may limit opportunities for large additions, decks, or landscaping features. It's important to verify local zoning bylaws to understand what alterations or outbuildings are permissible.