Property Overview
This home at 623 Garfield Street N in Winnipeg's Minto neighbourhood presents a specific and practical value proposition. Built in 1947, it is a notably newer home compared to many on its street and in the immediate area. Its key appeal lies in its efficient scale: a 768 sqft house on a 3,320 sqft lot. This combination suggests lower maintenance and utility costs, while the lot size is above average for the street, offering a relative amount of outdoor space. The assessed value is consistently around the average for both the street and the Minto area, indicating a stable, entry-level point in the local market.
This property would suit first-time buyers or investors seeking an affordable, manageable footprint. Its practicality appeals to those who prioritize location and lot potential over interior size, and who are comfortable with a home that may require updates common for its age. A thoughtful perspective is that, while the living area is compact, owning a newer-built home on the block could mean fewer immediate concerns with foundational or structural aging typical of the area's older housing stock.
Frequently Asked Questions
1. How does the home's size compare to others?
The living area of 768 sqft is below average for the street, neighbourhood, and city. It is a compact, efficient layout suited for individuals, couples, or small families.
2. What is the significance of the 1947 build year?
Built in 1947, this home is newer than most on Garfield Street N (ranking in the top 10%) and in the Minto area. This can be an advantage, potentially indicating updated building materials or systems compared to neighbouring homes built in the 1930s.
3. Is the assessed value a good indicator of the selling price?
The assessed value for tax purposes ($25,200) is around the local average but is not a direct market price. The last recorded sale was between $250k-$300k in 2021. Market conditions, property condition, and updates will determine the final sale price.
4. What are the potential benefits of the lot size?
At 3,320 sqft, the lot is above average for the street. This provides a decent outdoor space for a home of this size and could allow for future landscaping, gardening, or expansion potential, subject to local zoning.
5. How can I find out the exact historical sale prices?
The exact sold prices are not publicly displayed in detail. You can request this information directly via the provided email service on the listing page to receive the precise sale history.