Property Overview
This home at 629 Garfield Street N in Winnipeg's Minto neighbourhood presents a distinct profile. Built in 1913, it is a century-old property on a modest 2,478 sqft lot. Its primary appeal lies in its above-average, efficient use of space, featuring 1,422 sqft of living area—significantly larger than most comparable homes on its street and in the immediate area. With an assessed value of $330k, it sits well above the local average for its neighbourhood and street, suggesting it is a higher-value property within its more immediate context.
The home suits a specific buyer: someone seeking character and more interior space in a mature neighbourhood, who is less concerned with a large yard or newer construction. It’s a practical choice for those who value established communities and are prepared for the realities of an older home. A thoughtful perspective is that its high ranking for living area and value within Minto indicates it's a standout property locally, even if its lot size and age rank lower on a city-wide scale. This positions it as a potentially solid investment within its specific, in-demand micro-market.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home sold for an estimated $300k–$350k in 2020 and now has an assessed value of $330k. This indicates the assessment is in line with its recent market activity and suggests relative price stability in its local market.
2. What are the implications of the home's age and smaller lot size?
Built in 1913, buyers should budget for potential maintenance or updates consistent with a century-old home. The lot size is below average for the street and area, which typically means less outdoor space but can also translate to lower yard maintenance.
3. Why is the living area considered a key feature?
With 1,422 sqft, the home's living space ranks in the top 15% on its street and top 12% in the Minto area. This means it offers more interior space than most direct comparables, which is a significant advantage in older neighbourhoods where smaller floor plans are common.
4. Is the property a good value compared to the wider city?
City-wide, its assessed value and living area are around the middle of the pack. Its true value proposition is hyper-local: it ranks highly within Minto and on Garfield Street N itself, making it a premium property for that specific location rather than the entire city.
5. How can I get the exact historical sale price?
The exact sold price is not publicly listed. You can request it by email through the listing service, which provides the figure manually without using your email for marketing spam.