Property Overview: 689 Garfield Street N, Winnipeg
Key Characteristics & Appeal
This home presents a distinct profile defined by its above-average interior space within a more modest and historic package. Built in 1910, it offers 1,530 sqft of living area, which is notably larger than most comparable homes on its street, in the Minto area, and across Winnipeg. This suggests a house with potentially generous room sizes or layout, a key advantage for those needing space without a modern footprint.
The appeal lies in this value proposition: significant living space coupled with a proportionally lower assessed value. The home’s value assessment sits well below local and city averages, which can indicate a different kind of opportunity. It suits a practical buyer—perhaps a handy homeowner, an investor, or a first-time buyer—who sees potential in a character home and is less concerned with a large lot size (the parcel is smaller than area norms). It’s a property where the investment is in the interior envelope and location, rather than land value or new construction.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed value is for municipal tax purposes and is influenced by many factors, including the home's age, condition, and recent sales in the area. A lower assessment compared to the city average is common for older homes in established neighbourhoods and doesn't necessarily reflect market sale price.
2. What does the "Top 8%" ranking for living area mean?
It means this home's interior square footage is larger than 92% of comparable homes on Garfield Street N. Essentially, it has more living space than the vast majority of its immediate neighbours.
3. Are older homes like this a concern?
A 1910-built home requires a different consideration. While offering character and often durable construction, it necessitates a thorough inspection for foundational integrity, wiring, plumbing, and insulation. Budgeting for maintenance and updates is a key part of the decision.
4. The lot is smaller than average. Is that a major drawback?
That depends on your lifestyle. It means lower maintenance and potentially lower property taxes, but also limits expansive outdoor additions, pools, or extensive landscaping. It’s ideal for those who prioritize indoor space and a manageable yard.
5. How reliable are the past sold price ranges shown?
The ranges are based on publicly available data. For the exact historical sale prices, you must request the information directly via the provided email service, as those figures are verified and disclosed manually.