Property Overview
This home at 719 Garfield Street N in Winnipeg's Minto neighbourhood presents a classic, grounded opportunity. Built in 1942, it offers 1,009 sqft of living space on a notably generous 3,368 sqft lot for the area. Its recent sale in the $300k-$350k range and a modest assessed value highlight its position as an accessible entry point into the market. The appeal here is one of practicality and potential. It stands out on its street with a lot size above average and a newer build date than many neighbours, suggesting a home that may have seen updates or offers a more modern foundation than other houses from the 1930s. However, its living space and value sit below the wider Winnipeg average, framing it as a city-centric property for those prioritizing location and lot size over sheer square footage.
This property would suit a first-time buyer or practical investor looking for a manageable footprint without compromising on outdoor space. It’s for someone who sees value in a home that is competitively positioned within its immediate community rather than one that leads city-wide metrics. The buyer should be prepared for the realities of an 80-year-old home but can take confidence in its relative standing on a street of similar vintage.
Frequently Asked Questions
1. How does this home truly compare to others nearby?
The data shows it holds its own on Garfield Street N. Its lot size is in the top 25% on the street, and it was built later than most neighbouring homes. While its living space is average for the immediate area, it offers a balanced package for the street.
2. What does the significant difference between assessed value and city-wide average mean?
The assessed value is for municipal tax purposes and is not market value. The stark contrast with the city-wide average market value primarily reflects the home’s location in a more affordable area compared to newer or higher-priced suburbs, not the condition of the home itself.
3. Is the lot size a significant advantage?
Yes, particularly for the neighbourhood. With a lot over 3,300 sqft, it provides more outdoor space than many homes on the same street and in Minto. This allows more room for gardening, additions, or outdoor living than is typical for the area.
4. What should I consider about a home built in 1942?
While newer than many on its street, a home of this age will likely have older infrastructure. A thorough inspection is essential to understand the condition of the roof, wiring, plumbing, and foundation. Its "above average" build year for the street is a relative positive but doesn't eliminate the need for due diligence.
5. Why is the exact sold price not listed publicly?
Exact sale prices are not part of Manitoba’s public land registry data. The provided range is estimated from public listings. The exact price can be requested directly from the site, as they manually compile this data from non-public sources.