Property Overview: 712 Garfield Street N, Winnipeg
Key Characteristics & Appeal
This 924 sqft home, built in 1951, sits on a notably generous 3,722 sqft lot in the Minto neighbourhood. Its primary appeal lies in its strong positioning within its immediate area. While the living space is modest compared to the citywide average, the property excels in its local context: it boasts an above-average assessed value and a much newer build year than most homes on its street and in Minto. The lot size is a significant asset, ranking in the top 12% on Garfield Street N, offering more outdoor space than is typical for the area.
This home would suit a practical buyer looking for value and potential in a well-established neighbourhood. It’s ideal for a first-time homeowner or an investor who recognizes the value of a larger lot in a community of older homes. The data suggests a property that has been maintained or assessed more favorably than its neighbours, representing a relatively modern offering in a historic streetscape. It appeals to those who prioritize land size and a solid valuation foundation over sheer interior square footage.
Frequently Asked Questions
1. How does this home’s value compare to nearby sales?
Based on public data, a home at this address sold for an estimated $300k-$350k in 2022, a price that ranked in the top 10-13% for the Minto area at that time, indicating strong perceived value relative to its immediate peers.
2. What does the assessed value tell me?
The $28,800 assessed value is above the average for both Garfield Street and the wider Minto area. This can suggest the property has features or a condition that the municipal assessor views favorably compared to neighbouring homes, though it is below the citywide average.
3. Is the house unusually small?
At 924 sqft, the living area is slightly below the average for Garfield Street and Minto, and more noticeably below the Winnipeg average. This indicates a compact, efficient layout rather than a sprawling one, which can mean lower utility costs and less maintenance.
4. What are the implications of the 1951 build year?
While 75 years old, this home is significantly newer than many on its block (where the average build year is 1930). This can suggest potentially fewer issues with very old infrastructure, though a thorough inspection for updates to wiring, plumbing, and insulation remains essential.
5. Why is the lot size important?
The lot of 3,722 sqft is larger than most in the vicinity. This not only provides more private outdoor space but also offers future potential for expansions, additions, or landscaping projects that aren’t possible on standard-sized lots in the area.