Property Overview: 759 Garfield Street N, Winnipeg
Key Characteristics & Appeal
This 958 sqft home, built in 1940, sits on a standard 3,266 sqft lot in the Minto neighbourhood. Its primary appeal lies in its established context and relative value. Within its immediate area and street, the home is consistently "around average" for size, lot, and assessed value, indicating it’s a typical, well-integrated property for the locale. The 1940 build date is notably newer than many neighbours, placing it in the top 23% on its street for year built—a subtle advantage suggesting potentially fewer age-related concerns than older surrounding homes.
The property suits practical, value-conscious buyers. It’s ideal for a first-time homeowner seeking an entry into a mature neighbourhood without extreme outliers in cost or scale, or an investor looking for a straightforward rental property with metrics that align closely with area norms. Its assessed value is above average for Minto, which could signal perceived stability or desirability within the community boundaries. A thoughtful perspective is that this home represents the "characteristic" heart of its area—not the largest or newest, but a solid benchmark property whose performance and challenges are likely mirrored by many around it, providing a sense of predictability.
Frequently Asked Questions
1. How does this home compare to others in the area?
Across key metrics like living area, lot size, and assessed value, this home consistently ranks as average or slightly above average within the Minto neighbourhood and on its specific street. It is a representative example of the local housing stock.
2. Is the 1940 build date a concern?
While the home is 86 years old, it’s actually newer than many on its block. Its build date is in the top 23% on Garfield Street N, meaning it may have fewer inherent age-related issues than immediate neighbours. A thorough inspection is always recommended.
3. What is the significance of the assessed value?
The assessed value of $27,400 is above the Minto area average. It’s important to understand that this is a value for taxation purposes set by the municipality, not a market price. However, it can indicate the property’s relative standing and tax burden within the community.
4. How does the lot size impact potential?
At 3,266 sqft, the lot is standard for the area. It offers typical backyard space for a city lot but is below the city-wide average, which includes newer suburbs with larger lots. This is typical for central, established neighbourhoods.
5. Where can I see more context about the location?
A detailed neighbourhood analysis map is available, allowing you to compare this property with nearby houses based on year built, living area, assessed value, and lot size. This helps visualize its exact place within the streetscape.