Property Summary: 677 Garfield Street N, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a classic, early 20th-century property built in 1910, offering a blend of historic charm and practical affordability. Its key appeal lies in its position as a relatively affordable entry point into the Minto neighbourhood, with an assessed value that is competitive for the immediate area. The 888 sqft living space is modest and below the city-wide average, suggesting a cozy, manageable footprint ideal for individuals, couples, or small families. The lot size of nearly 3,000 sqft is fairly typical for the street and area, providing adequate outdoor space.
The property suits buyers looking for a starter home or a long-term investment in a mature community. Its age (116 years) is a defining characteristic, appealing to those who appreciate older home character but also indicating a need for a buyer comfortable with the maintenance and potential updates that come with a century-old structure. A thoughtful perspective is that while its size and value are average for Minto, it represents a more affordable option compared to the broader Winnipeg market, positioning it as a pragmatic choice for establishing equity in a central neighbourhood.
Section 2: Frequently Asked Questions
1. What does the assessed value tell me about the property taxes?
The assessed value is $27,100, which is used to calculate municipal property taxes. This value is notably lower than the city-wide average, which typically suggests proportionately lower property taxes compared to newer or larger homes in Winnipeg.
2. How does the home's age affect a purchase?
Built in 1910, the home is among the older properties in the city. This can mean charming architectural details but also requires a thorough inspection for foundational integrity, plumbing, electrical systems, and insulation to understand any necessary updates or maintenance costs.
3. The last sale was between $250k-$300k in 2021. What does that indicate?
This recent sale price provides a concrete market benchmark from a few years ago. It shows the price point at which the home last transacted, which is crucial for understanding its market trajectory and for forming a competitive offer in the current climate.
4. Is the living space sufficient for a small family?
At 888 sqft, the living area is below the city average. It would likely accommodate a small family comfortably but prioritizes efficient use of space over roominess. Floor plan layout is a key factor to consider for functionality.
5. How does this property compare to others on the street and in Minto?
The data shows this home is generally "around average" for its immediate vicinity in terms of living area, land size, and value. This indicates it is a typical representation of homes in this part of Minto, neither an outlier in size nor price within its local context.