Property Overview
This home at 716 Garfield Street N in Winnipeg’s Minto neighbourhood presents a distinct profile defined by its comparative strengths within its immediate area. Built in 1952, it is a notably newer home compared to most on its street and in the wider Minto area, which is a key advantage. With 897 square feet of living space, it is modestly sized but sits around the local average. Its lot size of 3,721 square feet is comfortably above average for the street, offering good outdoor space potential. The assessed value is strong relative to nearby homes, suggesting it is well-regarded in its micro-market, though it sits below the city-wide average—a common trait for the area.
Where the appeal lies & who it suits:
The primary appeal is its position as a relatively modern, well-situated property within an established neighbourhood. For buyers, this means less concern over the age-related issues common with much older homes nearby. The above-average lot size is a valuable asset for gardening, expansion, or simply having more private space than the neighbours. This property would best suit a first-time homebuyer, a downsizer, or an investor looking for a manageable, single-family home in a central Winnipeg neighbourhood. It offers a practical entry point into the market with the advantage of a newer structure and a generous yard for the area, without the premium price tag of a larger, city-wide average home.
Frequently Asked Questions
1. How does the 1952 build date compare to nearby homes?
This home is significantly newer than most in its immediate vicinity. It ranks in the top 4% on its street for year built, where the average home was constructed around 1930. This can mean updated foundational systems and potentially fewer major maintenance concerns than older neighbours.
2. Is the living space smaller than average?
At 897 sq ft, it is slightly below the average for Garfield Street N (~1,085 sq ft) and for the Minto area (~1,060 sq ft). It is more compact, which suits efficient living, but buyers seeking ample indoor space should note this.
3. Why is the assessed value higher than area averages?
The home’s assessed value ranks in the top 27% on its street and top 18% in Minto. This likely reflects its newer construction, larger lot size, and overall condition relative to the many older, smaller-lot homes that define the area’s average.
4. What does the sold price history indicate?
The home sold between $250k-$300k in 2023, a price that ranked in the top 28% on its street at that time. This recent sale supports the trend of it commanding a relative premium within its local context.
5. How does this property fit into the wider Winnipeg market?
City-wide, this home is below average in living area, lot size, and assessed value. This highlights its position as an affordable, central option. Its strengths are primarily local, offering good value within Minto rather than competing with larger, newer suburban homes.